Zero-knowledge technology is a key enabling asset for decentralized finance, or DeFi, and has been used for private token transactions, solving Ethereum’s scalability issues and interoperability. Recent developments in Ethereum scaling projects have further demonstrated the potential of ZK tech in revolutionizing the industry, and its potential extends beyond blockchain applications. To ensure its sustained progress, developers must prioritize improving accessibility, as ZKPs help conserve privacy and act as a scaling solution for developers. Without ZKPs, blockchains such as Ethereum would struggle to scale to a mass market.
