Ethereum researchers propose a new protocol: using zk-SNARKs to enable on-chain anonymous exchanges

[CoinWorld] The research team of Ethereum has recently been working on a quite interesting project - the “Zero-Knowledge Secret Santa” protocol. You can tell from the name that it is related to privacy.

In simple terms, they want to use a combination of zero-knowledge proofs and relayers to solve a practical problem: how to conduct anonymous gift exchanges or anonymous voting activities on a public and transparent chain like Ethereum? After all, all transactions on the chain are public, and it is indeed not easy to hide a little secret.

If this protocol is implemented, it will be much easier to hold small activities on the chain that require confidentiality in the future.