Zero-Knowledge Proofs (ZKPs) have often been met with apprehension. Several fears have contributed to this hesitation:
1. High Memory Requirements: The belief that ZKPs demand significant memory resources, making them impractical for small or resource-constrained devices.
2. Centralization Concerns and Privacy Risks: Fears that ZKPs operated by centralized systems could compromise privacy, as sensitive data might need to be sent to third-party servers for proof generation.
3. Limited Applications: The notion that ZKPs are only useful for scaling blockchains, restricting their perceived utility in other domains.
4. Implementation Complexity: Worries that implementing ZKPs requires mastering complex programming languages and specialized environments, creating a steep learning curve for developers.
These fears have led some to favor alternative technologies like Trusted Execution Environments (TEEs), Multiparty Computation (MPC), and Fully Homomorphic Encryption (FHE), despite their own limitations.
At NovaNet, we built ZKP technology that addresses these fears by focusing on memory efficiency. This is possible by using a combination of techniques such as breaking up proofs into small sizes.
The result is a ZKP system the triumphs over the fears raised by other systems:
1. Memory Efficiency on Small Devices: NovaNet has developed highly memory-efficient ZKPs that can be generated on small devices like Raspberry Pis and IoT sensors. This breakthrough eliminates concerns about high memory consumption, making ZKPs accessible for a wide range of devices and applications such as providing verification for decentralized physical infrastructure networks (DePIN).
2. Local Proof Generation Enabling Privacy: One of NovaNet's key innovations is enabling ZKPs to be generated locally on users' devices. By processing data entirely on-device, there's no need to send sensitive information over the network to centralized servers for proof generation. This approach ensures that privacy is preserved, as data remains securely on the device.
3. Versatile Applications Beyond Blockchain: NovaNet extends the utility of ZKPs far beyond blockchain scaling. NovaNet ZKPs are applicable across various domains requiring secure and private computations, such as authentication systems, confidential transactions, secure data sharing, and privacy-preserving machine learning.
4. Ease of Implementation with Familiar Tools: To tackle the complexity of implementation, NovaNet built a zero knowledge virtual machine (zkVM) that is highly portable and executes in WebAssembly (Wasm). This innovation allows developers to implement ZKPs using popular programming languages like Rust, significantly lowering the barrier to entry.
The comparison chart below examines ZKPs alongside other leading technologies in verifiable compute and privacy.
By addressing and overcoming the traditional fears associated with ZKPs, NovaNet is paving the way for wider adoption of this powerful technology. There's no longer any need to be afraid of embracing Zero-Knowledge Proofs.