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Ethereum Privacy Upgrade: ZKSS protocol makes on-chain transactions like a "Secret Santa" game
Ethereum is ushering in a privacy revolution, with the zero-knowledge secret Santa (ZKSS) protocol released by Distributed Lab, which ensures transaction confidentiality while verifying transaction validity. This protocol uses zk-SNARKs to hide the identities of the sender and receiver, while addressing issues of double voting and insufficient randomness, achieving on-chain private transactions.
The working mechanism of ZKSS is similar to the secret Santa game: participants submit anonymous random values for gift distribution, and transactions are verified while maintaining privacy. This process combines hash functions, ECDSA signatures, and Merkle proofs to ensure that operations are secure and tamper-proof. Enterprises and institutions can conduct confidential transactions through this protocol while retaining audit trails, reducing the risk of supply chain and financial information being disclosed.
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