A ZK-SNARK is a cryptographic technique used to prove possession of certain information without revealing that information itself. In relation to cryptocurrencies, ZK-SNARKs are used for privacy and scalability purposes.
Ethereum Developers Propose EIP-7706 for Lower Gas Fees
A new proposal could reduce costs for certain ETH transactions. Targets calldata-heavy operations Could help L2s and DeFi protocols Still...
