{"id":79051,"date":"2024-05-20T14:37:16","date_gmt":"2024-05-20T18:37:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=79051"},"modified":"2024-05-20T14:37:21","modified_gmt":"2024-05-20T18:37:21","slug":"crypto-zk-proofs-white-paper-wins-ieee-test-of-time-award","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-zk-proofs-white-paper-wins-ieee-test-of-time-award\/","title":{"rendered":"Crypto ZK-Proofs White Paper Wins IEEE ‘Test of Time’ Award"},"content":{"rendered":"\n

A decade-old paper on zero-knowledge proofs<\/a> wins IEEE's prestigious award for its groundbreaking impact on practical ZK-proofs.<\/p>\n\n\n\n

\"Crypto
Crypto ZK-Proofs White Paper Wins IEEE ‘Test of Time' Award<\/figcaption><\/figure>\n\n\n\n

The award was presented to a research paper published a decade ago that is considered a “blueprint” for the first practical application of zero-knowledge proofs (ZK-proofs). It was granted by the Institute of Electrical and Electronics Engineers (IEEE), the preeminent technical professional organization globally.<\/p>\n\n\n\n

The “genesis paper “Zerocash: Decentralized Anonymous Payments from Bitcoin reportedly received the “Test of Time” award at the IEEE Symposium on Security and Privacy for paving the way for ZK-proofs in crypto<\/a>.<\/p>\n\n\n\n

StarkWare wrote in a statement, “The award recognizes the paper's extensive and enduring influence on computer security and privacy research and practice.”<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Additionally, it implemented the initial practical implementation of the cryptographic method within a cryptocurrency to bolster privacy.<\/p>\n\n\n\n

Authors Alessandro Chiesa, Christina Garman, Matthew Green, Ian Miers, Eran Tromer, Madars Virza, and Eli Ben-Sasson are honored with this distinction. Ben-Sasson established StarkWare, a blockchain-based scalability company.<\/p>\n\n\n\n

“In retrospect, the award serves as a reminder that this paper propelled ZK to the forefront of blockchain research,” Ben-Sasson said, adding that it “ignited an ever-expanding fascination with the way in which it can contribute to the transformation of cryptocurrencies<\/a> into the universally necessary technology that we all require.”<\/p>\n\n\n\n

Using Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKS), the authors of the paper devised Zerocash, a private payment protocol that conceals the number, origin, and destination of transactions.<\/p>\n\n\n\n

Ethereum layer-2 solutions now frequently employ ZK-proofs to demonstrate the validity of on-chain data without disclosing its precise composition.<\/p>\n\n\n\n

By facilitating techniques such as rollups and the trustless validation of large amounts of data off-chain, they can contribute to scalability. At present, prominent layer-2 networks such as StarkNet, Linea, zkSync Era, Scroll, and Polygon are implementing ZK-proofs.<\/p>\n\n\n\n

There was a crackdown by regulators on privacy-preserving protocols. Nevertheless, ZK-proofs may provide viable solutions by safeguarding funds against sanctioned entities while preserving confidentiality.<\/p>\n\n\n\n

Ben-Sasson emphasized the importance of maintaining privacy. In order to facilitate this, we shall incorporate ZK functionalities into our prover Stwo. This will enable developers to implement a variant of the Zerocash architecture on Starknet (and Ethereum) that is more scalable.<\/p>\n\n\n\n

Ernst & Young, a member of the Big Four accounting firms, introduced an Ethereum-based solution\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> incorporating ZK-proofs in April to assist its private business clients in executing complex contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"

A decade-old paper on zero-knowledge proofs wins IEEE’s prestigious award for its groundbreaking impact on practical ZK-proofs. The award was presented to a research paper published a decade ago that is considered a “blueprint” for the first practical application of zero-knowledge proofs (ZK-proofs). It was granted by the Institute of Electrical and Electronics Engineers (IEEE), […]<\/p>\n","protected":false},"author":36,"featured_media":79054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[8573,132,17491,1533,13646],"class_list":["post-79051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-award","tag-crypto","tag-ieee","tag-white-paper","tag-zk-proofs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/63934d7c86e0761748fb22b6_ZK-Proofs.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=79051"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/79054"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=79051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=79051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=79051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}