Tagged: Zero Knowledge Proofs

EY Contributes Zero Knowledge Proof or ZKP Layer-2 Protocol for Addressing Rising Ethereum Transaction Costs

Big Four auditing firm Ernst & Young (EY) has contributed a zero-knowledge proof (ZKP) layer-2 protocol into the public domain in order to help with addressing rising transaction costs on the Ethereum (ETH) blockchain network, the world’s largest smart contract platform. The protocol has been… Read More

Kraken to Begin Supporting Mina Protocol’s MINA Token Trading on June 1, 2021

Digital asset firm Kraken says it’s pleased to confirm that deposits and withdrawals for Mina (MINA) are “now open” as of Friday (May 28, 2021). Kraken noted in a blog post that trading is scheduled to launch on June 1, 2021 at “approximately 00:00 UTC.”… Read More

Ontology Founder Li Jun Explains how Blockchain and Self Sovereign ID Solutions can Protect Users’ Privacy Online

Li Jun, Founder of Ontology, recently commented on how Self Sovereign Identity solutions will reshape or transform how we share data via the Internet. Jun notes that each time you get on the internet, you’re adding your digital identity and are also creating a “virtual… Read More

New Ethereum Smart Wallet from Loopring Feels like Traditional Fintech Apps but Also Self-Custodial and Privacy focused

The developers at Loopring, which allows anyone to create “high-throughput,” non-custodial, orderbook-based exchanges on Ethereum by leveraging Zero-Knowledge Proofs or ZKPs (for financial privacy), have introduced a beta version of the Loopring Wallet – which is notably the first Ethereum smart wallet with built-in zkRollup… Read More

Financial Privacy Enhancing Zero Knowledge Proofs or ZKPs Not Ready for Integreation with CBDCs, Bank of Canada Claims

Zero-knowledge proofs (ZKPs) and other cryptographic techniques for enhancing privacy on blockchain networks are still in their early stages of development, according to the central bank of Canada. The reserve bank said that ZKPs may not be integrated into central bank digital currencies (CBDC) just… Read More

Controlling What You Reveal: How Zero Knowledge Proofs are Changing How We Spend the Currency We Now Call Data

When you go to a bar and give your ID to the bartender, do you ever think about how much you’re giving away? Let’s say you use your driving license as your ID; you’re letting the bartender know that you’re not underage, but you’re also… Read More

Spanish Financial Giant BBVA Teams Up with IMDEA Software Institution to Conduct Research on Zero-Knowledge Proofs to Enhance Financial Privacy

The Banco Bilbao Vizcaya Argentaria (BBVA), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with around €700 billion in total assets, has teamed up with a local research center, called the IMDEA Software Institution. The BBVA noted in a release that it… Read More

UK-based Applied Blockchain, an Enterprise DLT Solutions Provider, Secures £2 Million in Capital via Round led by QBN Capital

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

Digital Bank WeBank to Explore Using DAML, an Open-Source Smart Contract Programming Language for Meeting Regulatory Requirements

WeBank, one of China’s first all-digital challenger banks, has revealed that it will begin exploring  the potential integration of DAML, which is an open-source smart contract programming language developed by Digital Asset (the company). The DAML software has been developed in order to help software… Read More

Dr. Xiang Xie: Algorithm Scientist at PlatON, a Global Trustless Computing Network, Discusses Impact of Lattice-based Cryptography on Digital Asset Platforms

We recently caught up with Dr. Xiang Xie, Algorithm Scientist of PlatON, a globally accessible “trustless” computing network, which recently revealed that it co-organized and supported the second iteration of the “Crypto Innovation School” (CIS). CIS is reportedly accredited by the International Association for Cryptologic… Read More

Benedikt Bünz: Head of Research at Findora Explains How Bulletproofs Ensure Confidentiality of Blockchain Transactions

Benedikt Bünz, a Stanford Ph.D. student and head of research at Findora, a decentralized network protocol for the development of financial services applications, recently explained how Bulletproofs ensure the confidentiality of blockchain-based transactions. As chief scientist at Findora and inventor of a  new technology called… Read More

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