Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)

By Cryptomcmillan1 | Updated on May 24, 2020

An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.

Related Terms

Daily Active Addresses (DAA)

On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain.

Application-Specific Integrated Circuit (ASIC)

Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)

Interoperability

Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.

Gwei

The monetary domination of gas, involving Ether

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