What is Zk-Snarks (Intuitive examples)
What is zkSNARKs: Spooky Moon Math. With Ethereum entering the Metropolis phase, it is going to introduce various changes which are going to make it more abstraction and privacy friendly. One of those changes is the introduction of “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge” aka Zk-Snarks. Zk-Snarks runs on the idea of zero knowledge proofs.
In this article, we are going to go through the idea of zero knowledge proofs and its application in the blockchain technology.