Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)
By Cryptomcmillan1 | Updated on May 24, 2020
An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.
Related Terms
PFP
It means both 'profile pic' and 'picture for proof'.
Transactions Per Second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
Liquidity
The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
Satoshi Nakamoto
The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.
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