Telos Foundation’s John Lilic described ZK technology as the “end game” and believes it will eventually receive similar levels of attention as ChatGPT did when it was first rolled out.
As zero-knowledge systems progress, an executive envisions a future where they experience a breakthrough akin to what occurred with the artificial intelligence chatbot ChatGPT.while maintaining privacy. It allows one party to prove that another party is being truthful without revealing any concealed information.
Lilic believes that soon, people won’t pay much attention to ZK because they find the concept hard to grasp. However, the executive is confident that there will come a time when ZK systems will garner the same level of attention as ChatGPT did when it was initially introduced. Lilic said: Richard Meissner, the co-founder of Safe , which utilizes ZK systems for cross-chain ownership proofs, said that ZK tech is still in its “early stages of development.”“There has been interest in the tech and in the last couple of months, it was possible to see prototypes for all kinds of use cases based on ZKPs. For example, cross-chain ownership proofs for smart accounts.”
“With innovations on the horizon, such as improved scalability and usability, ZK technology holds immense potential for further adoption across diverse domains,” Kwok added.Meissner pointed out that blockchains are transparent by principle. However, the executive also noted that publicly visible transactions may not be appropriate for all use cases.
“You’re not going to use a blockchain system to rent that car if it means your license and your identity documents are on-chain forever for everyone to see. Okay? It’s just not worth it.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telos Partners with Ponos Technology to Develop Hardware-Accelerated Ethereum L2 zkEVM NetworkCrypto Blog
Read more »
Protocol Village: Telos to Work With R&D Firm Ponos on Hardware-Accelerated Ethereum ZkEVMBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
Read more »
We Asked ChatGPT if MEW Can Become the Biggest Solana Meme Coin in 2024Crypto Blog
Read more »
ChatGPT Analyzes Which Meme Coin Will Perform the Best After the Bitcoin (BTC) HalvingCrypto Blog
Read more »
How to cancel your ChatGPT Plus subscriptionTired of paying that monthly bill for your ChatGPT Plus subscription? Here’s how to cancel this recurring charge.
Read more »
How to delete your ChatGPT accountHas the fun and bewilderment of ChatGPT worn off? Here’s a guide on how to delete your ChatGPT account in just a few simple steps.
Read more »