Article Summary, Automatically Generated By AI
About Zero
- Zero combines Bitcoin’s security with Zcash’s anonymity and privacy.
- Uses zero-knowledge proofs (zk-SNARKs) for transaction validation without revealing information.
- Claims to be built on strong science, audited by third parties, and open-source.
- Developed by a security-specialized engineering team based on Bitcoin Core’s codebase.
About Zero: Empowering a New Era of Decentralized Finance
Zero boasts a unique proposition: absolute payment confidentiality, all while upholding a decentralized network anchored to a public Blockchain. By synergizing the robust security of Bitcoin with the anonymity and privacy features of Zcash, Zero strives to create a novel paradigm in the realm of cryptocurrency transactions.
At the heart of Zero technology lies the innovative application of zero-knowledge proofs, enabling the secure validation of transaction data without divulging sensitive information about the transaction amount and participating parties. Specifically, Zero leverages zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge), a cutting-edge variant of zero-knowledge proofs.
Zero boasts a robust scientific foundation, meticulously audited by third-party experts. As an open-source protocol, it is crafted by a team of security-savvy engineers, leveraging the battle-hardened codebase of Bitcoin Core.