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NEAR Foundation partners with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution enhancing interoperability and security for WASM chains. The NEAR Foundation, renowned for its contribution to the NEAR protocol’s ecosystem, and Polygon Labs, have announced a pioneering venture to create zkWASM—a zero-knowledge proof technology tailored for WASM-based blockchains. This
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The foundation claims that this will be the first ZK rollup that enables sharding, combining two popular scaling technologies. Source
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We believe zero-knowledge proofs (ZKPs) will continue to mature, both with new theoretical advancements in recursive proving and the gradual specialization of companies within the vertical to specific roles, such as co-processing, prove executions, zkDevOps, privacy layers, and so on. With this we are beginning to use ZKPs as a
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In a world increasingly anxious about privacy and exploitation of one’s personal data by governments, corporations, social media platforms and banks, zero-knowledge proofs may offer some relief. Indeed, this emerging cryptographic protocol could partially remedy two rapidly growing global
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“Essentially, what we did was we ended up building a first pass, realizing that it was not the sustainable path forward, went to the drawing board, re-envisioning the way that this system works, and then, fast forward a year and a half, and we're actually seeing the the kind of
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“With this development, Buenos Aires becomes the first city in Latin America, and one of the first in the world, to integrate and promote this new technology and set the standard for how other countries in the region should use blockchain technology for the benefit of their people,” Diego Fernandez,
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Early Bitcoin (BTC) pioneer Hal Finney shared his vision for zero-knowledge proofs more than 25 years ago, a full decade before the launch of the first cryptocurrency, Bitcoin. The video, purportedly from the Crypto ‘98 conference held on Aug. 26, 1998, in Santa Barbara, shows Finney discussing in detail, the concept of
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ZK-proofs allow a prover to persuade a verifier of a statement’s veracity without disclosing any information about the assertion itself. The prover and verifier interact in multiple rounds of the protocol, and in the conclusion, the verifier develops confidence in the veracity of the claim without learning any additional
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Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today — privacy, according to one cryptocurrency executive. Speaking with Cryptox at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused infrastructure platform Aleo, Brennen Schlueter, said while ZK proofs have become a popular solution to
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In Axiom’s vision, ZK proofs will be used for such authentication processes. Machine learning algorithms, some of which train themselves to generate images or text based on prompts, will be able to run off-chain, but when ZK proofs bring their results on-chain, users and smart contracts will be able to
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