, Blockchain offers a multitude of benefits, becoming a lucrative career option. So, if you are willing to make a good Blockchain career, you need to know about the various concepts. In this blog, we are going to discuss one such concept, Zero-Knowledge Proof.

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What Is The Zero Knowledge Proofs Protocol
System?
Let's admit the fact that Blockchain and cryptocurrency are here to stay. With the
ease of transaction and its security features, Blockchain offers a multitude of
benefits, becoming a lucrative career option. So, if you are willing to make a good
Blockchain career, you need to know about the various concepts. In this blog, we
are going to discuss one such concept, Zero-Knowledge Proof.
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Exploring about Zero Knowledge Proof:
Before we dig deeper into Zero Knowledge Proof, let's analyze why we need to
have such a system. The digital platforms that we are conventionally using have
our data like astray. It makes it highly vulnerable, most of this data is sensitive, so
its safety becomes of prime importance. The scenario changed with the advent of
Blockchain technology. It was a promising entry and a great alternative to the
conventional system that we are using. The Blockchain technology claims to be
immutable, offers a higher level of data security by cryptography, the anonymity of
the user.
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While such tall claims are promising and to a great extent, Blockchain fulfils its
claims. Still, when we talk about transparency and ease of accessibility, anyone
can become a part of the network and get access to information, so safety and
security become a matter of concern. Hence, we can also say that Blockchain
doesn't offer complete security.
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So, what is the way out, well, we have permission Blockchain platforms like Corda
offering enterprise solution, but that is not the right solution with the kind of
features which Blockchain must conventionally offer, i.e., free from third-party
governance.
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Zero Knowledge proof protocol system can be a probable answer to this. Zero-
knowledge Proof is an encryption system that was proposed by MIT in 1980. In
simple words, in this system, the prover can prove that a statement is true to the
other party or the verifier without disclosing any additional information.
Let's explain how does this works?
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We have three parties involved in case of any exchange of information :
1. Prover
2. Bank
3. Verifier
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Let's say that the prover gets verified data from the bank. And the verifier makes a
custom request to the prover's data. Now the prover computes the response on
the verifier's questions and constructions a proof of correct computation. This
response and completion are sent back to the verifier. Using the ZK algorithm or
Zero Knowledge algorithm, they can assess whether the information is correct.
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There are many real-life examples of the use of the ZK algorithm, like ZCash, ING,
ZCoin etc. This system can be used for the exchange of sensitive information and
Blockchain transactions.
With all this, Zero Knowledge Proof becomes a great way for transactions and the
exchange of information.
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There are many real-life examples of the use of the ZK algorithm, like ZCash, ING,
ZCoin etc. This system can be used for the exchange of sensitive information and
Blockchain transactions.
With all this, Zero Knowledge Proof becomes a great way for transactions and the
exchange of information.
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Conclusion-
With such support by assisted technologies, Blockchain is surely becoming one of
the leading technologies that will be safe and free from any attack. So, if you wish
to become a part of the Blockchain league, then Blockchain certification is a must.
Blockchain Council is offering blockchain courses that run online, and you can
pursue it to become an expert in this technology.
To know more about this, connect with Blockchain Council today.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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13. THANK YOU!
Any questions?
You can mail us at
hello@blockchain-council.org
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