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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Anna Rose & Kobi Gurkan: Zero Knowledge Proofs – State of the ZK Ecosystem - Part 1
Description: Blockchains are immutable record keepers, storing information about every transaction ever recorded. However, this attribute comes at a cost: as more and more transactions occur, so does the size of the record expands. In turn, the hardware requirements for running a node increase which ultimately affects decentralization. Another aspect frequently criticized is how transactions are being processed by legacy blockchains in terms of speed. For both of these aspects there is a cryptographic solution that addresses scalability: zero knowledge proofs (ZKPs). These allow one entity (prover) to prove to another entity (verifier) that a statement is true, without revealing...