Qtum Research Institute: Zero-Knowledge Proof
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According to Coindesk's October 21, 2018 report, ING Bank announced the launch of the Zero-Knowledge Set Membership (ZKSM) solution at the Sibos Banking Conference to promote blockchain privacy.
Blockchain technology has been under the scorching eyes of financial giants. Shared account books like alliance chains help banks save a lot of money, but they still want to protect private data, so zero knowledge is a possibility for financial institutions. A tool to help achieve this vision. Zcash first proposed an implementation of zero-knowledge proofs in which banks can transfer assets to these networks without revealing their information or damaging the client's secrets.
How to realize the transaction process completely anonymous? The implementation of anonymous transactions relies on a cryptographic method called “zero-knowledge proof”. This article clearly explains the trading principles of ZCash and the use of zero-knowledge proof in the transaction process.
Read more, use translator: https://mp.weixin.qq.com/s/xaUWojyNGI1zw-jmjkylFQ