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Privacy-Protecting Crypto Airdrops with Zero Knowledge Proofs -

a16zcrypto.com · 769 words · saved by 1 readers

Generally, all anyone needs to view the entire holdings and financial history associated with a given account is its public address. This makes the technology poorly suited for criminal enterprises, despite a common misconception to the contrary. This also means that crypto airdrops – the distribution of tokens to people’s wallets (that is, public addresses) – commonly expose lots of unnecessary information about the tokens’ recipients. This is a problem. Crypto airdrops are a popular way for web3 projects to bootstrap network effects by incentivizing contributors, participants, and early adopters with the possibility of rewards. People should be able to airdrop tokens to their communities without asking anyone to doxx their financial histories. So, I created a tool to enhance consumer protection, increase security, and protect people’s privacy in airdrops using zero knowledge proofs. This is a novel use of advanced cryptography that has practical applications for everyday users. Just

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