zkOracle
By CoinGecko | Updated on Jan 11, 2024
A zkOracle is an advanced concept in blockchain technology that combines the properties of oracles with the principles of zero-knowledge proofs. It represents a middleware protocol that operates within the blockchain ecosystem, providing a connection between onchain and offchain data. Its primary function is to ensure the secure, trustless, and efficient transfer of data to and from a blockchain, enhancing the capabilities of dApps.
Related Terms
Ring Signature
A type of digital signature performed in a group where it becomes impossible to determine which member's key in the group were used for the digital signature.
PFP
It means both 'profile pic' and 'picture for proof'.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Pre-sale
A typically exclusive token sale event preceding a public ICO
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.