Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) is a cryptographic proof system that allows one party to prove possession of certain information without revealing the information itself. zk-STARKs are particularly notable for their scalability and transparency. They can process a vast amount of data efficiently, supporting numerous transactions in a condensed form. This efficiency is crucial for blockchains that aim to enhance speed and reduce costs.The term “zero-knowledge” denotes that the proof provides assurance that the prover knows a secret without actually disclosing it. “Scalable” highlights the ability to maintain performance as the amount of data grows. “Transparent” means that the proof does not rely on a trusted setup phase, making it more accessible and secure for general use.Overall, zk-STARKs offer enhanced privacy and security features while ensuring that systems can remain efficient and resistant to fraud or manipulation. Their innovative approach is becoming increasingly popular in various applications, particularly in improving blockchain technologies.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to