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Debate heats up over zero-knowledge proofs' safety in institutional finance systems.

Market News
28 Mar 2026
Blockonomi
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Neutral
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Canton Network founders argue zero-knowledge (ZK) proofs are too risky for critical financial systems due to their complexity and potential silent failures. However, ZK researcher Alex counters that Canton's critique assumes no backup systems exist, which is flawed. Unlike Canton's trust-only model lacking cryptographic layers, Prividium uses multiple defense layers including ZK proofs and independent institutional chains to contain breaches. The debate highlights the importance of layered security and open standards in financial tech, with Ethereum-based systems seen as more mature and secure than proprietary alternatives like DAML.

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