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What is the purpose of a “zero-knowledge proof” in blockchain cryptography?

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What is the purpose of a “zero-knowledge proof” in blockchain cryptography?

Question: What is the purpose of a “zero-knowledge proof” in blockchain cryptography?

Answer: To prove possession of certain information without revealing the information itself.

Further reading

Which term describes the process of actively participating in the decision-making and governance of a blockchain network?

What is the purpose of a “DAO” (Decentralized Autonomous Organization) in the context of blockchain?

Which blockchain platform uses the term “sharding” to refer to the process of partitioning the network to improve scalability?

About the author

Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.