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Why zk-SNARKs Aren’t the Endgame in Web 3.0 Privacy.

  • zk-SNARKs are part of cryptographic protocols addressing privacy, security, and scalability in Web 3.0.
  • They enable data verification without revealing it, ensuring privacy while verifying transactions.
  • Built on elliptic curve cryptography, zk-SNARKs allow compact proof generation without divulging private inputs.
  • They compress proofs into fixed-size data, aiding quick verification and enhancing scalability.
  • Despite their advantages, zk-SNARKs have limitations, leading to exploration of alternative solutions.
  • Latticefolds, a lattice-based folding scheme, offer advantages over zk-SNARKs due to cryptographic hardness.
  • Latticefolds rely on lattice problems instead of elliptic curve cryptography, presenting unique benefits.
  • Latticefolds address problems inherent in zk-SNARKs, hinting at future developments in cryptographic frameworks.
  • The computational demands of lattice-based cryptography and processing power requirement are factors to consider.
  • The article hints at upcoming discussions on Latticefolds' limitations and further technical insights.

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