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

目录

Coingabbar

发布于 2023年3月29日的其他文章

MicroStrategy Buys an Additional 6,455 Bitcoin ($BTC), Pays off Silvergate Loan

Get ahead in crypto trading with CryptoBulls, thanks to WEWE Global

Russia Postpones CBDC Pilot, Waiting for Legislation to Pass

Crypto Firms in Hong Kong Get Boost as Regulators Host Meeting with Bankers

Payday raises $3 million in seed round to power Africa’s “future of work”

MATIC Fails to Break Higher Despite Launch of Polygon zkEVM Mainnet

订阅我们免费的电子期刊，获取每日最新加密领域动态！