GRVT: Breaking the On-chain Transaction Privacy vs. Transparency Trade-off Dilemma with Zero-Knowledge Proof

On June 2nd, according to official channels, the hybrid crypto trading platform GRVT claimed that the "Transparency vs Privacy" dispute in on-chain transactions is by no means a zero-sum game. In fact, the architecture of GRVT itself offers the answer. Users can maintain transparency without having to disclose their transaction positions because the Zero-Knowledge Proof (ZK Proof) technology has already resolved this issue. The specific approach is as follows: GRVT has constructed a transaction platform on a private Layer 2 network (the ZKsync's Validium chain). This indicates that GRVT utilizes zero-knowledge proofs to validate off-chain data such as order size, price, holdings, and time - all of which are crucial and confidential transaction strategy information. Subsequently, this data validated by ZK proofs is submitted to the Ethereum mainnet (L1) to ensure data integrity, which is a fundamental basis of blockchain transparency.