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Leading Auditor EY Opens Source Anonymous Protocol on Etherealam

HOME> News> Major Auditing Agency EY Open Source Opens Anonymous Protocol on Etheriam


Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

Leading auditor Ernest & Young (EY) has open source published a protocol ” Nightfall ” that allows private transmission of ERC-20 and ERC-721 tokens.

Nightfall is a protocol based on ” zk-SNARK “, which is based on a cryptographic method called Zero Knowledge Certificate (ZKP) , and enables transactions in which senders and money transfers are closed.

zk-SNARK is a technology developed by Zcash, an anonymous currency, and is used in various projects as a foundation for anonymous networks. The same protocol is drawing more attention because it has applications beyond simple anonymous payments.

We explain “zero knowledge proof and zk-SNARKs” to beginners in an easy-to-understand manner!

Ernest & Young is a leading global accounting, tax and audit agency based in London, with 2018 revenues over 3.7 trillion yen.

The company has previously released Etheriam-based supply chain codes etc. free of charge, and is focusing on research and development of block chain technology.

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Author: Yuya 【Coin Desk News】 – Source Post: http://destyy.com/w1mHVs

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