Blockchain technology has evolved a lot in last year not only in terms of it’s increasing popularity but also because of it’s increasing developments.As discussed in our previous article, one of the core character of a blockchain technology is it’s privacy. In this article we will shed more light on this topic and how SERO is working in this direction.

WHAT IS zkSNARKs ?

Zero Knowledge proofs appear in the 1980s thanks to the work of researchers at MIT, Shafi Goldwasser, Silvio Micali, and Charles Rackoff. They are working on issues related to interactive proof systems, in which a Prover exchanging messages with the Verifier (more about checklists and measuring later) to convince them that they have knowledge of specific evidence without stating what that knowledge.

What is he great deficiencies in this system?

The server has a version of the plaintext of your password, and your privacy are under the mercy of the server (the verifier in this scenario). If the server is compromised or attacked, the word password will be with the evil party and as a result can be quite awful. To address this scenario, there is no evidence of knowledge that is absolutely vital and breaking the line in all things.

There are two parties when it comes to zero knowledge proof (as stated above), the comparison and verification. Zero knowledge States that a themselves can prove to voters that they have the verification of specific knowledge without telling them what the actual knowledge that.

Properties of zero knowledge proof

In order for the ZKP work need some specific parameters:

-Completeness: If the statement was true then the honest verifier can be assured by an honest reformer.

-Voice: If a comparison were not honest, they could not convince the verifier on health that statement with a lie.

-Zero-Knowledge: If that statement is true, the verifier will not know what exactly the statement.

So now we have a basic idea about the zero-knowledge proof.

How SERO is using Zero Knowledge Proof ?

SERO CHAIN has refactored Ethereum’s storage structure to be based on a mix of history and state.

And added the off-chain storage structure of the block.

SERO CHAIN achieves the goal of hiding sensitive information by using zero-knowledge proof.

At present, SERO CHAIN adopts zkSNARKs, and through the careful design of calculation circuits and encryption algorithms, it can quickly generate and verify the proof.

SERO CHAIN can issue anonymous online assets, such as Token and Ticket, with smart contracts, which can be held by smart contracts.

Through these anonymous assets, Turing’s comprehensive online smart contracts can be used to implement interesting applications such as privacy tokens and dark tags.

Once these assets arrive at the user account, no one but the asset owner can get specific information.

SERO CHAIN will release AlphaNet and BetaNet in late September and early October for community use and rely on the power of the community to advance the project.

In addition, SERO CHAIN is currently developing new consensus protocols and multi-party secure computing. When MainNet is online, it will provide intelligent contracts based on chain calculations and a substantial increase in transaction TPS.

To know more visit SERO at: https://sero.cash/

Read SERO whitepaper visit: https://sero.cash/pdf-us.html