Discover and read the best of Twitter Threads about #zkAssets
Most recents (2)
🧑‍🏫 time: zkAssets
Why did @MantaNetwork create #zkAssets, and what are they?
zkAssets are natively (on-chain) private crypto assets, guarded by zero-knowledge proofs. They contain all properties of normal crypto assets, and add a layer of configurable privacy. Some properties:
Why did @MantaNetwork create #zkAssets, and what are they?
zkAssets are natively (on-chain) private crypto assets, guarded by zero-knowledge proofs. They contain all properties of normal crypto assets, and add a layer of configurable privacy. Some properties:
🤸 Flexible Asset Types
zkAssets can be any asset type: fungible (eg tokens), non-fungible (eg #NFTs), and non-transferrable non-fungible (eg #soulbound)
zkAssets can be any asset type: fungible (eg tokens), non-fungible (eg #NFTs), and non-transferrable non-fungible (eg #soulbound)
đź”’Â Private by Default
The asset holder’s address, the nomination of the assets of each holder, and asset type are all natively encrypted on-chain, only to be seen if the holder chooses to show.
The asset holder’s address, the nomination of the assets of each holder, and asset type are all natively encrypted on-chain, only to be seen if the holder chooses to show.
🤔 Why do Zero-Knowledge Proofs Matter?
A Zero-Knowledge Proof (#ZKP) has evolved from an idea in GMR’s paper 20 years ago to a technology that empowers many Web3 companies.
Why is it so important and why is @MantaNetwork betting on it? Here’s a thread:
A Zero-Knowledge Proof (#ZKP) has evolved from an idea in GMR’s paper 20 years ago to a technology that empowers many Web3 companies.
Why is it so important and why is @MantaNetwork betting on it? Here’s a thread:
In cryptography, encryption is a process of converting plaintext (readable text) into ciphertext (unreadable text). #ZKP, however, is a higher-level encryption on computation. It’s like proving you know 3+5=8 without revealing how.
