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a16z Crypto updates Jolt zkVM and questions the industry's misuse of the "ZK" concept

A16z Crypto releases a blog update, pointing out the misuse of the "ZK" concept, with many zkVMs actually lacking zero-knowledge properties and requiring additional verification costs. A16z emphasizes that true zero-knowledge proofs should protect privacy, not just pursue efficient verification. At the same time, they introduce the NovaBlindFold scheme for Jolt zkVM to enhance privacy capabilities.

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