BitSNARK brings zk-SNARKs (Succinct Non-Interactive Argument of Knowledge) to Bitcoin (BTC), with Futo (Ariel Futoransky), Fairgate’s Co-Founder, being its core Designer.
Both BitSNARK and BitVMX were the first two protocols to verify zk-SNARKs on Bitcoin. zk-SNARKs allows for the verification of data and BTC blockchain transactions without revealing sensitive information, including user personal and financial details.
Expanding this technology beyond platforms like Ethereum enabled more complex decentralized applications (DApps) and privacy-oriented operations on the BTC blockchain.
Access BitSNARK whitepaper here.