Next Phase of Web3 to Rely on Zero-Knowledge Technologies
Since 2023, the zero-knowledge industry has grown, with ongoing developments bringing us closer to accessing the full benefits of decentralized virtual platforms. This comes at a time when decentralized finance platforms have demonstrated vulnerabilities to data breaches and technical inefficiencies have constrained the development of decentralized systems. It is expected that continued growth will see a proliferation and diversification of use cases, such as advancements in compliance, privacy and data protection. By affording blockchain developers more efficient and secure tools, we will start to realize the benefits of zero-knowledge technology, particularly in 2024 as the tech is applied in more…