Top 25 Zero Knowledge Proofs Cryptocurrencies for May 2024

Zero Knowledge Proofs (ZKPs) in the context of cryptocurrencies are cryptographic methods that enable one party to prove to another that a statement is true without revealing any information beyond the validity of the statement itself. This allows for transactions or other data exchanges to occur with privacy and security, as no sensitive information needs to be disclosed during the verification process. A real-world example of a cryptocurrency utilizing ZKP is Zcash, which offers shielded transactions that obscure sender, receiver, and transaction amount data. Another example is Monero, which employs ring signatures and stealth addresses alongside ZKPs to enhance transaction privacy by making it difficult to trace the flow of funds.