Understanding what the “zk” in zkSNACKs means gives you insight into the inner workings of Wasabi Wallet. Particularly, it gives you a perspective on how Wasabi wallet enables coinjoins without gaining access to your bitcoin or collecting and revealing your private financial data.
xPub stands for Extended Public Key while xPrivs stands for Extended Private Key. Simply put, xPubs and xPrivs are the parent keys that can allow a wallet to mathematically produce billions of child keys that work as public keys and private keys within your wallet.
Know Your Customer (KYC) requirements are meant to validate customers' identities, but this collection is often involuntary, and they also hold significant ramifications for your privacy.
Bitcoin is an intricate piece of technology but bitcoin wallets for end users shouldn't be. A wallet should be simple enough to allow you, as a user, to create a wallet, receive bitcoin and check your balances without much of a fuss.
Bitcoin removes limitations existing in fiat-based currencies. As a good medium of exchange Bitcoin allows you to transact anywhere and anytime. No daily limitations on minimum amounts you can send or receive.
From its inception, Bitcoin was meant to be disruptive. and for over a decade, it has made giant leaps as a decentralized currency despite concerted efforts to subvert it. The fact that bitcoin is still here means that it's needed and has a role to play in the future.
Addresses are designed to receive bitcoin and are supposed to be disposable with every use. Unless your money matters are meant to be public, reusing an address will always make sure your balances are open for everyone to see.
