What is zkSNARKs: Spooky Moon Math


For the more technically inclined, this article provides an overview of zkSNARKs, the mysterious mathematical technique currently being developed by people from the Zcash project and others. This technology seeks to provide provable anonymity for blockchains. Although you might think the entities clamoring for this tech the most would be criminals, it's surprising that large enterprises like JP Morgan Chase are the ones pushing for development of anonymity in blockchains due to the need to preserve privacy of business secrets against competitors.


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