Demystifying the Role of zk-SNARKs in Zcash
share
Zero-knowledge proofs have always provided a clear solution when it comes to conveying information from a prover to a verifier or vice versa without revealing essential information about the process. Advancements in zero-knowledge have helped develop proofs which are succinct and provide non-interactive arguments of knowledge along with maintaining the zero-knowledge criteria. zk-SNARKs (Zero knowledge Succinct Non-Interactive Argument of Knowledge) are one such method that outshines itself when it comes to advancement of zero-knowledge proofs. The underlying principle of the Zcash algorithm is such that it delivers a full-fledged ledger-based digital currency with strong privacy guarantees and the root of ensuring privacy lies fully on the construction of a proper zk-SNARK. In this paper we elaborate and construct a concrete zk-SNARK proof from scratch and explain its role in the Zcash algorithm.
READ FULL TEXT
