What are the applications of zero-knowledge in DeFi?
Many believe that ZK technology can be a powerful force in the continued emergence of DeFi. Central to the DeFi ethos is a desire to create a more open and equitable financial system. However, concerns have been raised about the privacy of transactions. ZK technology can help address these concerns while simultaneously supporting growth for DeFi.
Private transactions: ZK technology enables safe and private transactions while protecting sensitive data from exposure.
Confidential smart contracts: The technology also supports the functionality of smart contracts in a confidential way.
Scalable DApps: ZK proofs support DApps in managing a higher volume of transactions effectively, encouraging wider acceptance.
Through the use of ZK technology, DeFi platforms are better equipped to provide enhanced security, privacy, and efficiency. In doing so, developers can expand the capabilities of their projects and potentially reach more users, boosting adoption of DeFi at large.
Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.Address：https://www.btcya.com/news/defi/2514.html
