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Bulletproofs are a cryptographic technique introduced in a 2017 academic paper titled 'Bulletproofs: Short Proofs for Confidential Transactions and More.' They are designed to provide compact and efficient zero-knowledge proofs, enhancing privacy and scalability within blockchain networks. Bulletproofs enable the verification of mathematical statements without disclosing specific details, making them a valuable tool for secure and confidential transactions, particularly in privacy-focused cryptocurrencies. They have become an important component of Web3 technologies, contributing to the development of efficient and privacy-preserving blockchain systems.