Definition
Zero-Knowledge Proofs (ZKPs) is a term used within the crypto sector which describes a cryptographic protocol that allows a party to prove that a specific piece of data is true without having to reveal it.
Understanding the Term
Zero-knowledge proofs enable the posting of private transactions to the blockchain while maintaining their privacy by offering a way to confirm that the transaction was completed successfully without disclosing the secret information utilized in the transaction.
Takeaway
Zero-knowledge proof solves the core problem of security and privacy in the blockchain world.