Current money technology faces various problems. The first is the government’s control over the money. If governments become destabilized or corrupt, officials gain control, and citizens can be left with worthless currency. The second is the institution that keeps track of all the money & the banking system.
After Bitcoin was released, Satoshi Nakamoto wrote about the privacy flaw in a public discussion with other developers. If only we could encrypt the blockchain transactions, we could do that. This theoretical technology was called Zero-Knowledge Proof.
Zero-Knowledge Proofs are a way to prove the truth of a piece of information without revealing the information itself. Zero-knowledge Proof can be used to solve the privacy problem in a blockchain, and Zero-knowledge Proofs are the key to keeping transaction details private.
When you make a transaction from your phone or computer, it gets run through a code that checks whether or not it’s following certain rules. If the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...