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Episode 256: New ZK Use Cases with Dan Boneh
Zero Knowledge
How to Prevent Financial Malfeasance?
The idea of proof of reserve through ZKPs to prove that there is some sort of funds backing the activity that's happening. The way this works is the exchange basically commits to its assets. So it will give us zero knowledge proof that it has so many assets on chain. And then it commits to its obligations. This commitment really does represent the obligations that the exchange has to its customers. It would be more complicated if there was a swap, if there was any decks in there, any sort of action.
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