Definition
Zk-SNARKS refers to a zero-knowledge proof that enables one group on the blockchain to guarantee it owns particular data without disclosing it.
Understanding the Term
Zk-SNARKS stands for “Zero-Knowledge Succinct Non-Interactive Knowledge Argument.” Basically, it is a cryptographic proof that enables one group to ensure that it holds specific data without disclosing it.
Takeaway
Zk-Snarks are used by the privacy-oriented Zcash cryptocurrency to provide anonymous payments.