An emerging cryptographic technology may provide help with two gaping 21st-century needs: Privacy and truth.
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Beyond crypto: Zero-knowledge proofs show potential from voting to finance
In a world increasingly anxious about privacy and exploitation of one’s personal data by governments, corporations, social media platforms and banks, zero-knowledge proofs may offer some relief.
Indeed, this emerging cryptographic protocol could partially remedy two rapidly growing global deficits: privacy and truth.
ZK-proofs have already found a home within the cryptocurrency and blockchain sector — enabling scaling protocols to make Ethereum transactions faster and cheaper, for example. But this may just be the beginning.
One day, ZK-proofs could help convince your bank that your income is above a certain threshold — to qualify for a mortgage, for example — without revealing your actual income. Or prove to the election authorities that you are a resident or citizen without giving them your name, driver’s license or passport.
ZK-proofs open up a new world of potential applications, including “anonymous voting, decentralized games, proving personal information without fully disclosing your personal information, and fighting against fake news by proving the source of the news,” Polygon co-founder Jordi Baylina tells Magazine.
Beyond crypto: Zero-knowledge proofs show potential from voting to finance
An emerging cryptographic technology may provide help with two gaping 21st-century needs: Privacy and truth.
Startup demos upcoming decentralized GPU infrastructure network to OpenAI, Uber
io.net has built a decentralized physical infrastructure network that will source GPU computing power for AI and machine learning.
iFinex proposes $150M share buyback from Bitfinex hack affected users: Report
Bitfinex hack victim from 2016 received iFinex shares as a form of compensation as the crypto exchange didn’t have enough cash at hand to make users whole.
iFinex proposes $150M share buyback from Bitfinex hack victims: Report
Bitfinex hack victims from 2016 received iFinex shares as compensation, as the crypto exchange didn’t have enough cash to make users whole.
JPMorgan debuts tokenization platform TCN with BlackRock among key clients: Report
The platform enables the conversion of traditional assets into digital assets and makes way for faster and more secure settlements on-chain.
European regulator: DeFi comes with significant risks as well as benefits
The European Securities and Markets Authority released an article on Decentralized Finance and its risks for the EU Market.
Bitstamp’s departure from Canada is ‘timing issue,’ says CEO
Bitstamp’s decision to discontinue operations in Canada is “primarily a timing issue” related to the firm’s expansion priorities, Bitstamp U.S. CEO said.
Bitstamp’s departure from Canada is ‘timing issue,’ says CEO
Bitstamp’s decision to discontinue operations in Canada is “primarily a timing issue” related to the firm’s expansion priorities, Bitstamp U.S. CEO said.
Binance rolls out self-trade prevention for spot and margin trading
Introduced in January 2023, Binance’s STP functionality is designed to block the execution of an order if it would result in a self-trade.
Bitcoin 'death cross' sees BTC price dip $1K erasing Uptober gains
BTC price erases all its month-to-date gains with Bitcoin traders predicting that $27,000 will not stay around long.
Central Bank of Nigeria: eNaira no threat to financial stability
Nigeria's central bank issued a press release in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability.
Securities regulators oppose special treatment of crypto in Coinbase case
A body representing North America’s state securities regulators took aim at arguments made by crypto exchange Coinbase in its defense against the SEC.
British MPs urge action on NFT copyright infringement, crypto fan tokens
A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms.
British MPs urge action on NFT copyright infringement, crypto fan tokens
A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms.
Brazilian Congress puts Binance CEO CZ in crosshairs for indictment
A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes.
Bitcoin Lightning Network growth jumps 1,200% in 2 years
A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange.
Bitcoin needs Ethereum VM to reach its full potential — Web3 exec
Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.
Bitcoin needs Ethereum VM to reach its full potential — Web3 exec
Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.