Zkp2p: The End of Centralized Exchanges

Web3 Tech Brief By HackerNoon

This story was originally published on HackerNoon at: https://hackernoon.com/zkp2p-the-end-of-centralized-exchanges.
Discover zkSNARK's role in crypto payments: Email verification reshaping decentralized transactions, reducing reliance on centralized exchanges.
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Zero-knowledge-proof technology can be used to verify transactions using email. Payment solutions such as Venmo send emails when a transaction takes place. Using zkSNARK, we can prove off-chain that the signature in the email is valid. The outcome of this process is a zero-knowledge proof, that can be cheaply verified on the smart contract.