Definition ∞ Statistical zero-knowledge is a cryptographic property where one party can prove to another that a statement is true, without revealing any information beyond the validity of the statement itself. This proof relies on probabilistic arguments rather than deterministic ones, offering a high degree of assurance with vanishingly small error probabilities. It is fundamental for privacy-preserving transactions.
Context ∞ Statistical zero-knowledge proofs are a key component in discussions surrounding privacy-enhancing technologies within the cryptocurrency space, such as confidential transactions and anonymous cryptocurrencies. News coverage often highlights advancements in zk-SNARKs and zk-STARKs, detailing their application in scaling solutions and enhancing user privacy on public blockchains.