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zk-STARKs are one of the two transparent and scalable privacy-enhancing methods. The public availability of the randomness utilized by the verifier negates the need for a trusted setup.
But, what does zk-STARK stand for? zk-STARK stands for Zero-Knowledge Scalable Transparent Argument of Knowledge, which is a type of cryptographic proof technology. zk-STARKs, also known as zero-knowledge proofs, allow users to communicate validated data or execute computations with a third party without the data or analysis being revealed to the other party.
zk-SNARKs, which were used to build zk-proof systems before the development of zk-STARKs, solved the vulnerability of those trusted parties jeopardizing the system’s privacy because they had to set up the zk-proof system initially. zk-STARKs advance this technology by distancing away from the requirement for a reliable setup.
Moreover, the scalability and privacy issues with permissionless blockchains are improved with STARKs. The present...
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