ZKToken refers to tokens that leverage zero-knowledge proofs (ZK proofs), a cryptographic method that allows one party to prove the authenticity of information to another party without revealing the actual data. This enables enhanced privacy and security in various blockchain applications.ZKTokens can be used in decentralized finance (DeFi) platforms, enabling transactions that remain confidential while ensuring compliance with necessary regulations. For instance, a user could prove they have sufficient funds for a transaction without disclosing their entire account balance.These tokens promote user privacy, making it possible for individuals to engage in transactions while keeping sensitive information confidential. Additionally, they can help reduce on-chain data storage requirements since only the proof, not the full data, needs to be shared.Overall, ZKTokens represent an innovative approach to enhancing privacy and security in blockchain interactions, catering to the growing demand for discretion and trust in digital transactions.
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