Crypto GlossaryZero-Knowledge Proof
Zero-Knowledge Proof
ZKP can be used to prove ownership or control of a certain asset or private key without revealing the key or other sensitive information.
For example, a user could use ZKP to prove to a trading platform that they own a certain amount of cryptocurrency, without revealing their actual balance or the specific wallet addresses holding the funds. This can help to protect the user's privacy and prevent potential hacks or thefts.
ZKP works by using complex mathematical algorithms to create a proof that the information in question is valid, without actually revealing the information itself.
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