During his keynote speech at EDCON 2023, Ethereum co-founder Vitalik Buterin said that zK-SNARKs, a technology that enables fully private and secure transactions on public blockchains, will be just as important as blockchains in the next decade.

The technology allows users to prove that they possess certain information without revealing it, enhancing the privacy and security of blockchain transactions. Buterin believes that zK-SNARKs will be essential for the widespread adoption of public blockchains for financial transactions and sees potential applications in voting systems and supply chain management.