Zero-knowledge tech development heats up amid bear market

Zero-knowledge (ZK) evidence, or cryptographic approaches that permit one party to prove to another party that something is true without revealing any sensitive underlying personal information, have actually been a hot topic of conversation among crypto veterans. At the same time, ZK evidence can make it possible for private transactions that do not relay sensitive information to observers.Speaking to Cointelegraph during zkDay, Tiancheng Xie, CTO of ZK protocol Polyhedra, outlined another application of the emerging technology in the world of cross-chain bridges. The Polyhedra group states the protocol has over 50,000 daily active users and 800,000 regular monthly active users considering that its mainnet launch in April.Cointelegraph: I believe the ZK bridge is quite distinct among all the ZK companies that weve seen so far.

Zero-knowledge (ZK) evidence, or cryptographic techniques that permit one celebration to show to another celebration that something is real without revealing any sensitive underlying private info, have been a hot topic of discussion among crypto veterans. At last weeks zkDay occasion as part of EthCC Paris, over 2,000 participants showed up at a little venue by Rue lAubrac to catch a glimpse of the latest ZK tasks on display screen. At the same time, ZK evidence can make it possible for private transactions that do not relay delicate information to observers.Speaking to Cointelegraph throughout zkDay, Tiancheng Xie, CTO of ZK procedure Polyhedra, described another application of the emerging innovation in the realm of cross-chain bridges. The Polyhedra team says the procedure has over 50,000 daily active users and 800,000 regular monthly active users because its mainnet launch in April.Cointelegraph: I think the ZK bridge is rather unique among all the ZK business that weve seen so far. As you know that ZK can supply scalability to blockchains, such as roll-ups, and compress users ask for into one deal.