Crypto

What is TRON 4.0 and zk-SNARKs cryptographic technology ?

On July 7, 2020, TRON 4.0 was released, with zk-SNARKs being implemented on a blockchain-driven by smart contracts. Faster block confirmation times, as well as cross-chain confirmation, are also incorporated in the upgrade. The release also intends to empower organizations with enterprise-grade customized solutions, which appears to be a significant step toward bringing more companies onto the blockchain platform.

Now, let’s discuss zk-SNARKs, which are the ZCash blockchain’s basic privacy technology. “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” or zk-SNARK, is a proof construction that can be used to verify the possession of certain information. without disclosing the facts or allowing the prover and verifier to engage To put it another way, the zk-SNARK privacy feature assures that a transaction may be completed without revealing sensitive information like the amount of money being delivered.

TRON’s current version, unlike ZCash, will not allow anonymous transactions with its TRX money. Instead, blockchain developers can use the smart contract to provide a shielded transaction functionality. The term zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and it refers to a proof architecture in which one may establish ownership of certain information, such as a secret key, without exposing the information.

“Zero-knowledge” proofs allow one person (the prover) to demonstrate to another (the verifier) that a statement is true without disclosing any information other than the statement’s validity. Given the hash of a random number, for example, the prover could persuade the verifier that a number with this hash value exists without revealing what it is. In a zero-knowledge “Proof of Knowledge,” the prover can persuade the verifier not just that the number exists, but also that they know it — all without disclosing any information about the number. The distinction between “Proof” and “Argument” is fairly technical, so we won’t go over it here. Even for statements about very big programs, “succinct” zero-knowledge proofs can be confirmed in a few moments, with proof lengths of only a few hundred bytes. The prover and verifier had to talk back and forth for numerous rounds in the early zero-knowledge protocols, but in “non-interactive” architectures, the proof consists of a single message delivered from prover to verifier. Having an early setup phase that provides a common reference string shared by prover and verifier is currently the most efficient known approach to produce zero-knowledge proofs that are non-interactive and short enough to publish to a blockchain. This is the common reference string that we use.

TRON is one of the largest blockchain-based operating systems which aims to build a free, global digital content entertainment system with distributed technology, and allows easy and cost-effective sharing of digital content. With its latest announcement about the launch of TRON 4.0, it has triggered a whole new excitement among blockchain developers and TRON users, and there is no denying the fact that the launch looks promising for blockchain technology. To get instant updates about Blockchain Technology and to learn more about online blockchain certifications, check out Blockchain Council.

Also read: How does digital currency have an edge over traditional currency?

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