ZK-based concept for XRPL unveiled at hackathon, Ripple's jayCryp_TO says $XRP
Technically, the new obfuscation instrument allows individuals to prove solvency without revealing their wallet details, like addresses, transactional history and so on.
A flexible and feature-rich solvency proof mechanism can be integrated in various use cases: it can cryptographically prove the amount of funds stored by this or that wallet without exposing any data to third parties.
However, today with the growing number of applications, particularly within the XRPL ecosystem with use cases increasingly connected to the rest of the world it is becoming increasingly difficult to detach one's on-chain identity from one's own identity. Developers indicated some promising use cases for the new system, including the likes of insurance, charity, renting, loans, investing, real estate trading and so on.In its MVP that is already available for XRPL testnet and mainnet users, XRPL Solvency Proof can create and verify data proofs. Its transactions module with enhanced zk-functionality is under development right now.
Mr. Tigas also added that XRPL Cashback services scored a"notable mention" award for allowing crypto-friendly merchants to offer loyal customers tokenized cashback in the form of non-fungible tokens on XRPL.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
20 Recession-Proof Stocks as Bank Failures Threaten Downturn: GoldmanGoldman Sachs just raised their recession probability due to stress in the banking system. These 20 stocks are least sensitive to an economic downturn, the bank says.
Read more »
No One Looks as Cool as Kendall Jenner in a Faux Fur Coat and Camouflage Trucker HatProof that she can wear anything and still look this good.
Read more »
Idaho OKs veto-proof bill to allow execution by firing squadBREAKING: A bill that would allow execution by firing squad in Idaho, only if the state cannot obtain drugs needed for lethal injections, passed the Legislature with a veto-proof majority. Only four other states have laws allowing firing squads.
Read more »
Idaho OKs veto-proof bill to allow execution by firing squadA bill that would allow Idaho to execute condemned inmates by firing squad is headed to the governor’s desk after passing the Legislature on Monday with a veto-proof majority. FOX13
Read more »
This New NYC Hospital Is Designed to Be Hurricane-ProofIts predecessor was wrecked in Hurricane Sandy, but the new Ruth Bader Ginsberg Hospital in Brooklyn should be able to avoid flooding and blackouts.
Read more »
Idaho OKs veto-proof bill to allow execution by firing squadFiring squads will be used only if the state cannot obtain the drugs needed for lethal injections — but one death row inmate has already had his scheduled execution postponed multiple times because of drug scarcity.
Read more »