Do you think Zero-Knowledge Proofs Matter?

[XFinite]

So basically what I read that zero-knowledge proofs are revolutionizing blockchain privacy and security. They allow transactions to be verified without revealing any sensitive data, offering users a new level of confidentiality. This technology is key to scaling blockchains while keeping your information safe. They say, ZKPs will be essential for building trust and protecting user privacy. If you guys look at Scroll, for example, they're bringing solutions using innovations in scaling design and zero-knowledge proofs to build a new layer on Ethereum, offering high scalability and security.

But I wanna hear from you guys, what excites you most about zero-knowledge proofs? I know some other projects must be using this technology effectively to ensure privacy.

[royalRitta]

As far as I know, these are pretty intense on the processing side, thus, it's not really feasible for most of the projects and apps to use them. Only those that are not high-transaction volume type.

[bitterguy28]

But I wanna hear from you guys, what excites you most about zero-knowledge proofs? I know some other projects must be using this technology effectively to ensure privacy.

this protocol is very important and useful to cryptocurrencies and even nfts as like you said it enhances privacy aside from this, it also allows for a more seamless transaction from blockchain to another blockchain

what excited me the most about ZKPs is that they can be used even outside crypto if they were to use ZKPs during elections it will secure the votes and people will be more trusting that their votes are safe

[TomPluz]

...what excites you most about zero-knowledge proofs? I know some other projects must be using this technology effectively to ensure privacy.

I am not yet well-versed with this Zero-Knowledge-Proof kind of thing and in fact I must be living in a very remote cave because this is my very time to come across such a term though the idea behind it is already very common with my mind having been in this industry for some years. In fact, I would say that this idea is the bedrock of the cryptocurrency industry and the very technology behind it since time immemorial. Privacy is very important and data should be on the hands of those who made them and not on those looking at them with some form of vested interest. I am then looking forward to the many innovations that can come with this protocol though I heard of many complaining on Scroll and its bounty/airdrop program.

[Stompix]

So basically what I read that zero-knowledge proofs are revolutionizing blockchain privacy and security. They allow transactions to be verified without revealing any sensitive data, offering users a new level of confidentiality.

99% of crypto users have sent their IDs to every single company in this world, have withdrawn and funded accounts through multiple addresses and traceable bank transfers and probably 1% would manage to understand a basic example of how ZKP works, by the time you arrive at the point that it doesn't help pumping the coin you already have slot the audience.

If people would care about privacy you would have Monero as a top coin, now you have PEPE!