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Zkp2p: The End of Centralized Exchanges
This story was originally published on HackerNoon at: https://hackernoon.com/zkp2p-the-end-of-centralized-exchanges.
Discover zkSNARK's role in crypto payments: Email verification reshaping decentralized transactions, reducing reliance on centralized exchanges.
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #cryptocurrency, #zkp, #defi, #ethereum, #decentralization, #decentralized-exchange, #zero-knowledge-proofs, #zkp2p, and more.
This story was written by: @thebojda. Learn more about this writer by checking @thebojda's about page,
and for more stories, please visit hackernoon.com.
Zero-knowledge-proof technology can be used to verify transactions using email. Payment solutions such as Venmo send emails when a transaction takes place. Using zkSNARK, we can prove off-chain that the signature in the email is valid. The outcome of this process is a zero-knowledge proof, that can be cheaply verified on the smart contract.
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By HackerNoonThis story was originally published on HackerNoon at: https://hackernoon.com/zkp2p-the-end-of-centralized-exchanges.
Discover zkSNARK's role in crypto payments: Email verification reshaping decentralized transactions, reducing reliance on centralized exchanges.
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #cryptocurrency, #zkp, #defi, #ethereum, #decentralization, #decentralized-exchange, #zero-knowledge-proofs, #zkp2p, and more.
This story was written by: @thebojda. Learn more about this writer by checking @thebojda's about page,
and for more stories, please visit hackernoon.com.
Zero-knowledge-proof technology can be used to verify transactions using email. Payment solutions such as Venmo send emails when a transaction takes place. Using zkSNARK, we can prove off-chain that the signature in the email is valid. The outcome of this process is a zero-knowledge proof, that can be cheaply verified on the smart contract.