The concept of Zero Knowledge Proof was proposed by S. Goldwasser, S. Micali and C. Rackoff in the early 1980s. It refers to the certifier being able to believe that a certain assertion is correct without providing any useful information to the verifier. A zero knowledge proof is essentially an agreement involving two or more parties, a series of steps required by two or more parties to complete a certain task. The prover proves to the verifier and believes that he or she knows or owns a message, but the process will not disclose any information about the certified message to the verifier.
In the blockchain public chain transaction, the use of zero-knowledge proof makes it unnecessary to add or disclose more information to the outside world to complete the transaction process. Zcash is the first blockchain to apply zero-knowledge proof technology ("zk-SNARK", a full-scale zero-knowledge Succinct Non-Interactive Arguments of Knowledge) that can provide fully private and encrypted virtual currency transfers. In areas other than virtual currency trading, there are plenty of applications for zero-knowledge proofs, but this emerging technology remains to be tested by time. Ambr will pay close attention to the research and development of zero-knowledge proof technology, and make improvements to achieve maximum protection of transaction privacy and security.
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Giving very little credit to the Zcash team but this is a very good article.
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Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:
https://steemit.com/blockchain/@ambr.global/zero-knowledge-proof
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