What is zzk in blockchain transactions (Transactions in blockchain)
What is zzk in blockchain transactions? ZZK in blockchain transactions is develo
What is zzk in blockchain transactions? ZZK in blockchain transactions is developed by the zcash technical team. The protocol ensures the security and decentralization of transactions through a hybrid consensus mechanism that combines zero-knowledge proofs, hash algorithms, timestamps, encryption, and other cryptographic technologies, as well as smart contracts. It also has the characteristics of traceability and security guarantees.
When conducting transactions on the Bitcoin network, the private key needs to be sent to the Ethereum address or confirmed through a smart contract; when depositing funds into other wallets, a small amount of digital assets (such as Bitcoin) will be generated, and then these assets will be exchanged for fiat currency (such as USD). If there is a problem or risk in this process, you can contact a third party for processing, but either judge whether you have been hacked by yourself or it is caused by your own malicious software. (Blockchain motion)
Transactions in blockchain
Transactions in the blockchain are recorded using digital signatures and timestamps, and can be traced back to email addresses or any other information. All data stored in the blockchain is secure and tamper-proof, and will not be lost due to a single transmission.
However, when users make transactions, they need to use a separate security proof. Since the validators do not provide private keys, these keys cannot be stolen and stored on the network. This means that they must delete the public key from the server to ensure its security, thereby ensuring that double spending does not occur. The parties involved in the transaction typically trust each other, and if one party rejects this commitment and abandons an account, the other party will automatically stop the transaction.
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