Opinion: ZK proofs are too complex for decentralized identity and are not conducive to government and institutional adoption
On October 24th, Ingo Rübe, CEO and co-founder of decentralized identity provider KILT Protocol, stated that the highly technical nature of ZK proofs makes it difficult for governments and institutions to adopt. He explained that decentralized identifiers (such as biometric data) can be selectively shared with parties and verified on-chain using Merkle trees, which is easier, faster, and more efficient than ZK proofs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why major exchange listings may soon be considered bearish
Listings on Binance and Coinbase were once widely considered good for coin prices
Trump’s SEC to downsize Crypto Enforcement Unit in a bid to keep businesses happy
Chainlink (LINK) Hits Milestone as Whales Move Amid Market Crash
BlackRock Invests $276 Million in Ethereum ETFs