Major accounting firm EY has just dropped some epic details of a new blockchain prototype that can make Ethereum transactions private – as in real ones, on the main public blockchain. EY calls its new system the EY Ops Chain Public Edition (PE), touting it as the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. ZKP is a method of validating data. Put simply, ZKP allows blockchains to confirm transactions without having to reveal information related to those transactions, which makes them secure as no sensitive data is actually exchanged. The idea is that this…
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