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SNARK Technology

Definition

SNARK technology refers to Succinct Non-interactive ARguments of Knowledge, a class of zero-knowledge proofs that allow one party to verify the correctness of a computation without needing to execute it or learn any private information. These cryptographic proofs are highly efficient, being small in size and quick to verify. SNARKs are instrumental in enhancing privacy and scalability across various blockchain applications. They enable confidential transactions and off-chain computation verification.