Zero-knowledge is a type of cryptographic scheme that shows the existence of a solution to a puzzle without revealing any information about the puzzle. It can take different forms like proving that the sum of inputs and outputs in a transaction are equal to each other but without revealing the sum.
In the world today where bitcoin is becoming a very valuable means of exchange for goods or services, it is necessary that all registers involved in dealing with this cryptocurrency are understood. Bitcoin has a lot of advantages over regular money and one very important advantage is the anonymity and security it gives. With this comprehensive glossary, all matters concerning bitcoin transactions can now be understood more clearly as you make up your mind to step up your privacy and security through dealing with cryptocurrency.