Zero-Knowledge Proofs: It's Like Magic, but I'll Explain It
Too Long; Didn't Read
Zero-knowledge proofs (ZKPs) are powerful cryptographic processes used in identity systems. They enable someone like Peggy to prove she has a secret without revealing the secret itself to Victor. A classic example is Peggy proving she knows a code in Alibaba's Cave. This ensures she can convince Victor while keeping the secret hidden. However, it's not perfectly zero knowledge as some information about Peggy remains. ZKPs can also be used for broader propositions, like proving equal pay in a privacy-preserving manner, fostering trust.