Privacy Solutions on Tron: Exploring zk-SNARKs and Other Advancements

in hive-183397 •  6 days ago 

The world of blockchain is a blessing to our digital world as it has been able to transform a whole lot of things. Actually if you will tell me that our world will look like this 15 years ago, I will definitely doubt it because it was looking quite impossible at least to me. But here comes the gift of Blockchain technology. It has been able to offer to another dimension what we have been having issues with most especially in the digital world and that is in the aspect of privacy and security.

The Blockchain technology has been able to make this possible making use of different Blockchain network like the Bitcoin Network, the Ethereum and even the Tron Blockchain network. Even though bitcoin is the first coin that kickstart and the first Blockchain network to be founded, recently Tron Blockchain network have been able to gain massive attention and adoption recently for its strength it possesses.

keyboard-895556_1280 (1).webp

Image Source

There are some key attributes that Tron Blockchain network have which makes it to actually stand out. Key attributes like the scalability strength and fast transaction speed. It has been able to address the issue of privacy that most other Blockchain networks faces or generally the Blockchain space. This it has been able to do by offering a solution called the Zero Knowledge Succinct Non Interactive Arguments of Knowledge which is called the zk-SNARKs. You will agree with me that the Blockchain space really needs privacy issue to be addressed.

The fact that Blockchain technology is known for its Decentralisation nature and transparency strength also is good. But I feel sometimes the strength of transparency is misused that it sometimes leads to lack of privacy. Privacy either during transactions been carried out or in some sensitive informations and data that should not be disclose outside. There definitely needs to be balanced. In as much as the Blockchain technology is offering transparency, it should also balance it in a way whereby the privacy is not tampered with.

privacy-policy-2117996_1280 (2).jpg

Image Source

zk-SNARKs recently have been know to help promote privacy because it works making use of a method whereby one party will need to prove to another party that they have the necessary information been asked for but it will also be done in a way whereby those information will not be revealed. The Tron integration making use to zk-SNARKs has helped to ensure privacy because right now, Tron users on the network can carry out transactions without not be bothered whether their information will be leaked or make known.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Privacy Solutions on Tron: Exploring zk-SNARKs and Other Advancements is a great post.