RISC Zero has unveiled a new ZK-powered payments platform, Bonsai Pay, that enables users to send and receive Ethereum (ETH) payments using any active Google account. The payments are sent and received via an escrow contract created on the Ethereum (ETH) network, and recipients can retrieve their assets by logging into Gmail and generating a zero-knowledge proof. Bonsai Pay is powered by various JSON-based identity tokens and the OpenID Connect Protocol and its core codebase is written in Rust. The protocol's virtual machine, zkVM, is also available for use by third-party developers. A live demo has been launched on top of the Sepolia testnet to allow stress testing and the submission of feedback via GitHub. ZK-proofs are cryptographic methods by which a prover can prove to a verifier that a certain statement is true, but without sharing any other information beyond that statement's truth. This technology is being used in many of the top-tier L2 protocols on top of the Ethereum (ETH) mainnet, with three of them, Polygon zkEVM, zkSync Era and Scroll, recently showing double-digit increases in TVL.



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