Originally aired on January 26, 2023
In this Bad Crypto Podcast episode, Dor Garbash from the Mina Foundation introduces Zero Knowledge Proof (ZKP) and explains why it is essential for building a web 3 future with privacy and scalability in mind. ZKPs can address scalability issues, make validation more succinct, and enhance privacy in data sharing.
- What are the benefits of Zero Knowledge Proof?
- ZKPs address scalability issues by building scalability solutions using layers.
- They provide succinctness by compressing and condensing blockchain validation to a smaller size.
- ZKPs enhance privacy by enabling mathematical proofs of identity without revealing sensitive information or the context surrounding it.
- How is ZKP more secure than traditional blockchain methods?
- Cryptographic primitives make ZKP mechanisms complicated but secure and similar to blockchain.
- ZKP replaces the need for an Oracle or third party, making it even more secure.
- What are some potential use cases of ZKP?
- Decentralized voting systems and loan applications without revealing personal details.
- Identity verification without sharing social security numbers or other sensitive information.
- ZKP requires a shift in mindset towards data sharing and privacy protection on the blockchain.
- ZKP can enhance blockchain network efficiency and make it more accessible for everyday people.
- The Mina Foundation is advancing the use cases of ZKP through its developments in decentralized applications and network topologies.