(noun): Abbreviation for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” ZK-SNARKs are cryptographic proofs that allow one party to prove knowledge of certain information to another party without revealing any of the underlying data.
Example: Alice used ZK-SNARKs to prove to Bob that she possesses a valid driver’s license without revealing any personal information.
ZKP (Zero-Knowledge Proof)
(noun): A cryptographic protocol that enables one party to prove the validity of a statement or claim to another party without revealing any additional information. In a Zero-Knowledge Proof, the prover convinces the verifier of the statement’s truth without revealing how they obtained that knowledge.
Example: In a ZKP, Mary can prove to John that she knows the password to a secure file without disclosing the actual password.
(noun): ZIL is the native cryptocurrency of the Zilliqa blockchain platform. It serves as a means of transferring value and participating in the Zilliqa network.
Example: Sarah used ZIL to pay for goods and services on an online marketplace built on the Zilliqa blockchain.