What Are Zero-Knowledge Proofs and How Could They Potentially Offer a Faster Alternative to Commit-Reveal?

Zero-knowledge proofs (ZKPs) are cryptographic methods that allow one party to prove a statement is true to another party without revealing any information beyond the validity of the statement itself. ZKPs could offer a faster alternative to commit-reveal by allowing a trader to prove they have a valid, signed transaction (the 'commitment') without revealing the trade details.

This proof could be verified instantly off-chain, potentially reducing the need for two on-chain transactions and their associated latency.