💡What is zkSHIELD

Introduction

We must become familiar with each of the components of zkSHIELD to fully understand the idea. Zero-knowledge proofs, which offer a cutting-edge cryptographic SHIELD solution, and the EVM, a distributed state machine that revolutionized the creation of blockchain-based applications, are combined in zkSHIELD.

zkSHIELD

With the standardization of code in the Ethereum Virtual Machine, zkSHIELD is a potent technique that combines the performance and security increase of zero-knowledge cryptography. It offers an additional layer of protection for transaction security, which is crucial given Ethereum's significant flaws, including its challenging scalability and high transaction costs. Blockchain applications will have a more secure and open future thanks to zkSHIELD, which may be used by solutions to achieve greater network results. zkSHIELD is essentially a game-changing technology that makes it possible for faster and more secure transactions to take place on the blockchain, thereby spurring innovation and growth in the sector.

Ethereum Virtual Machine

The Ethereum network uses a mechanism called the Ethereum Virtual Machine to make it possible for app and smart contracts to operate on the blockchain. This decentralized computer network, known as the blockchain, had more limitations in the beginning since it only provided the rudimentary capability of decentralized transaction archiving.

The Ethereum network makes use of this virtual machine so that Solidity code may be converted into bytecode and then used to create state changes in a lower-level instance. In reality, the EVM's entire purpose is to operate as a state machine that takes inputs and modifies the network's existing state to produce the blockchain action.

Zero Knowledge

A cryptographic protocol called zero-knowledge gives proof to validate a statement with greater security. The fundamental premise of this is that a claim may be proven without necessarily disclosing the data that was utilized to arrive at that conclusion.

A consistent zero-knowledge proof must adhere to a few guidelines: verifiers must be persuaded that a verified assertion is true if it is true. In the same manner, verifiers shouldn't be persuaded by fraudulent claims unless there's a very slim chance that they're true. Additionally, the validity of the proof must be established without revealing the secret, any additional details, or the statement itself.

The zero-knowledge idea has been applied in the blockchain space, among other things, to improve authentication, safeguard passwords and IDs, and promote transaction privacy. Zero-knowledge is also used by off-chain scaling solutions to provide Layer 1 with evidence of the transactions' authenticity. In this approach, transactions go more quickly and securely.

Value Propositions that zkSHIELD Is Known For

EVM-equivalent: Maintaining compatibility with the whole ecosystem is the best approach to expanding BNB Chain, and the zkSHIELD will provide users and developers with an experience that is exactly like BNB Chain L1 with a significant increase in scalability.

Performance: With the cryptographic advances, we can provide greater performance (higher throughput, lower latency, and cheaper cost) than alt-L1s, optimistic rollups, and other zkSHIELD-Rollups while still being fully EVM compatible.