ZKP, or Zero-Knowledge Proofs, is a method used to verify information without revealing the actual data itself. This is particularly useful in transactions, where one party can prove they have valid information without sharing the details.In a typical ZKP scenario, one party, called the prover, wants to convince another party, the verifier, of a statement’s truth. The prover can demonstrate knowledge of the information in a way that the verifier can confirm without knowing the information itself. This enhances privacy and security.In many cases, ZKP allows users to prove ownership of assets, validate transactions, or confirm identities without disclosing sensitive data. This capability is essential for maintaining confidentiality while still ensuring trust in the system.By using ZKP, platforms can enhance user privacy and reduce the risk of data breaches, making it an important advancement in secure practices and maintaining the integrity of transactions.