Ethereum Foundation launches zkAPI for AI payments
The Ethereum Foundation has launched zkAPI to enable users to pay for AI models without revealing their identity, according to The Block. The mechanism works by depositing funds into an Ethereum vault and authorizing spending using zero-knowledge proofs.
• Users deposit funds into an Ethereum vault.
• The payment mechanism prevents the API provider from linking requests to the payer.
💧 Impact on the market and liquidity: The launch could expand the use of Ethereum in payments for AI services, but the available information does not include data on usage volume or liquidity flows.
🎯 Most affected: Ethereum, zero-knowledge technologies, AI payments
Source: The Block
$ETH #Ethereum #Crypto
The Ethereum Foundation has launched zkAPI to enable users to pay for AI models without revealing their identity, according to The Block. The mechanism works by depositing funds into an Ethereum vault and authorizing spending using zero-knowledge proofs.
• Users deposit funds into an Ethereum vault.
• The payment mechanism prevents the API provider from linking requests to the payer.
💧 Impact on the market and liquidity: The launch could expand the use of Ethereum in payments for AI services, but the available information does not include data on usage volume or liquidity flows.
🎯 Most affected: Ethereum, zero-knowledge technologies, AI payments
Source: The Block
$ETH #Ethereum #Crypto