🔍 Researching zkEVM can be a real pain if you don't understand the technology.
Are you ready to be the pioneer in discovering the alpha?
Let's break down Zero-Knowledge Proofs in simple words!
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🔷 ZK-rollup technology has been gaining more and more attention lately:
Solving data privacy concerns and increasing decentralization, this mechanism offers interesting developments.
Let's find out how it works.⬇️
🔷 What is a zero-knowledge proof?
In this ingenious method, the Prover can provide evidence to the Verifier without compromising their privacy.
It's a way for someone to prove they know something without giving any specifics.
🔷 ZKP has 3 conditions:
Completeness - honest verifier convinced if statement is true.
Soundness - dishonest prover can't convince honest verifier of false statement.
Zero knowledge - verifier knows nothing beyond truth of statement.
🔷 The simplest example.
Suppose Prover and Verifier meet outside a house with a closed door inside.
Prover needs to prove to Verifier that he has the key to the door.
🔷 The first one to enter the house, Prover selects a route that leads to a closed door.
🔷 Now Verifier enters the house and asks Prover to come out of side 1.
🔷Imagine this scenario:
Prover doesn't have a key to the door, but he tries to cheat.
With a 50/50 chance he randomly chooses side 1.
Verifier could ask him to come out of side 1 and then Prover would not have to open the door.
🔷 If you do the experiment 100 times:
• The probability of Prover succeeding on all 100 attempts is almost zero (1/2)^100 = 0.000000000788.
• Prover can prove to Verifier that they possess the key by successfully exiting the door on the correct side at all 100 times.
💰 You are now covered! Good luck finding Alpha!
