Coin Gabbar Token

<h2 id="header-0">Key Takeaways</h2><ul><li>Swiss-based nonprofit ZeroSync Association is utilizing zero-knowledge proofs (ZKPs) to develop open-source software for the Bitcoin #blockchain</li><li>ZeroSync is creating a client for fast initial block download and implementing the first full proof of #Bitcoin consensus using the Cairo programming language</li></ul><h3 id="bitcoin-users-can-look-forward-to-faster-and-more-secure-transactions-with-the-advent-of-zero-knowledge-proofs-zkps">#Bitcoin users can look forward to faster and more secure transactions with the advent of zero-knowledge proofs (ZKPs).</h3><p>The Swiss-based nonprofit ZeroSync Association is currently developing technology that will allow users to quickly and securely verify individual blocks and eventually, the entire <a href="https://www.coingabbar.com/en/tag/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> blockchain. With this technology, users will no longer need to download the entire blockchain or rely on a third party for verification. This will enhance the privacy and security of Bitcoin transactions, providing greater trust and confidence in the network.</p><p>Swiss-based nonprofit ZeroSync Association is utilizing zero-knowledge proofs (ZKPs) to develop open-source software for the Bitcoin blockchain, using StarkWare’s zk-STARK validity proofs to generate ZKPs.</p><p>This promises to overhaul the current process of verifying the #blockchain, which requires downloading a large amount of data to synchronize the network&#39;s correct state. The technology is aimed at providing almost instantaneous verification of the latest state of the blockchain.</p><p>ZK-proofs have already shown promise for scalability and privacy in the <a href="https://www.coingabbar.com/en/tag/ethereum" rel="noopener noreferrer nofollow">Ethereum </a>ecosystem, powering various proof methods for several layer-2 scaling platforms such as Polygon, Arbitrum, Optimism, and StarkNet. The ZeroSync Association recently announced the potential of ZKPs to provide almost fixed-size proofs, verifying large computations, further highlighting their promise for blockchain scalability and privacy.</p><p>ZeroSync is creating a client for fast initial block download and implementing the first full proof of Bitcoin consensus using the Cairo programming language. The tool, in a prototype state, can prove the validity of individual blocks and sync a full node without changes to Bitcoin Core. It also has a working demo verifier for STARK proofs of Bitcoin blocks.</p><p>To keep reading more such interesting news, keep following #CoinGabbar.com and share your views in the comments down below.</p><p><strong>Read, Also - <a href="https://www.coingabbar.com/en/crypto-currency-news/why-cftc-is-chasing-binance-will-cz-get-arrested-coin-gabbar-news" rel="noopener noreferrer nofollow">Why CFTC is Chasing Binance? Will CZ Get Arrested? | Coin Gabbar News</a></strong></p><p></p>

Faster & Safer BTC Transactions with Zero-Knowledge Proofs | CoinGabbar News

Table of Contents

Coingabbar

Andre artikler udgivet 29. mar. 2023

MetaMask is warning about a fake token launch campaign!

Binance FUD Grows as Experts Cry “Operation Chokepoint 2.0”

Magic Eden Unveils Beta Launch of Its ETH Marketplace

From Vancouver to Crypto Domination: The Untold Canadian Story of CZ and Binance's Rise to Power

FTX's SBF Bribed Chinese Officials With $40M, Gets Charged

Burger King Hints at Accepting Dogecoin Payments: Is Mainstream Adoption Near?

Join our free newsletter for daily crypto updates!