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Cryptocurrency News Articles
Zero-Knowledge Proofs Poised to Revolutionize Finance and Other Sectors
Jan 12, 2025 at 05:00 am
While the concept of zero-knowledge proofs (ZKPs) emerged in the late 1980s, the technology has gained significant traction in recent years.
Zero-knowledge proofs (ZKPs) are poised to revolutionize finance and other sectors in 2025, according to experts in the field.
As technology continues to advance, we can expect to see significant improvements in ZKP proving performance and developer tools, making the technology more practical for privacy and scalability.
ZKPs are also expected to become a cornerstone for applications requiring privacy and scalability, and multi-layer blockchains (Layer 2s) will heavily rely on ZK-rollups to minimize network load.
Furthermore, ZKPs can enable confidential transactions in the healthcare industry by proving the correct execution of a small program on specific data.
However, more progress is needed on the identity side of things before building a critical mass of healthcare institutions utilizing ZKPs.
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