Skip to content

Add EIP-7503 resources to ZKPs page #14388

New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Merged
corwintines merged 2 commits into from
Feb 6, 2025
Merged

Add EIP-7503 resources to ZKPs page #14388

Changes from all commits
Commits
Show all changes
2 commits
Select commit Hold shift + click to select a range
5274f29
Add EIP-7503 resources to ZKPs page
emmanuel-awosika Nov 23, 2024
7e2d0cf
Update public/content/zero-knowledge-proofs/index.md
corwintines Feb 6, 2025
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
4 changes: 2 additions & 2 deletions public/content/zero-knowledge-proofs/index.md
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -36,7 +36,7 @@ Cryptocurrencies were intended to provide a means for users to conduct private,

There are specific “privacy coins” designed for completely anonymous transactions. Privacy-focused blockchains, such as Zcash and Monero, shield transaction details, including sender/receiver addresses, asset type, quantity, and the transaction timeline.

By baking in zero-knowledge technology into the protocol, privacy-focused [blockchain](/glossary/#blockchain) networks allow [nodes](/glossary/#node) to validate transactions without needing to access transaction data.
By baking in zero-knowledge technology into the protocol, privacy-focused [blockchain](/glossary/#blockchain) networks allow [nodes](/glossary/#node) to validate transactions without needing to access transaction data. [EIP-7503](https://eips.ethereum.org/EIPS/eip-7503) is an example of a proposed design that will enable native private transfers of value on the Ethereum blockchain. Such proposals are, however, difficult to implement due to a mixture of security, regulatory, and UX concerns.

**Zero-knowledge proofs are also being applied to anonymizing transactions on public blockchains**. An example is Tornado Cash, a decentralized, non-custodial service that allows users to conduct private transactions on Ethereum. Tornado Cash uses zero-knowledge proofs to obfuscate transaction details and guarantee financial privacy. Unfortunately, because these are "opt-in" privacy tools they are associated with illicit activity. To overcome this, privacy has to eventually become the default on public blockchains.

Expand Down Expand Up @@ -211,4 +211,4 @@ ZK-STARK is considered immune to the threat of quantum computing, as it only rel
- [ZK-STARKs — Create Verifiable Trust, even against Quantum Computers](https://medium.com/coinmonks/zk-starks-create-verifiable-trust-even-against-quantum-computers-dd9c6a2bb13d) — _Adam Luciano_
- [An approximate introduction to how zk-SNARKs are possible](https://vitalik.eth.limo/general/2021/01/26/snarks.html) — _Vitalik Buterin_
- [Why Zero Knowledge Proofs (ZKPs) is a Game Changer for Self-Sovereign Identity](https://frankiefab.hashnode.dev/why-zero-knowledge-proofs-zkps-is-a-game-changer-for-self-sovereign-identity) — _Franklin Ohaegbulam_

- [EIP-7503 Explained: Enabling Private Transfers On Ethereum With ZK Proofs](https://research.2077.xyz/eip-7503-zero-knowledge-wormholes-for-private-ethereum-transactions#introduction) — _Emmanuel Awosika_