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SNARK, which stands for "Succinct Non-Interactive Argument of Knowledge," is a cryptographic proof system. SNARKs allow one party to prove to another that they possess certain information, such as a solution to a problem, without revealing the actual information. They are particularly valuable in privacy and security applications within the Web3 ecosystem.

SNARKs enable efficient and succinct proofs, reducing the need for extensive computational resources and enhancing privacy and scalability. They play a crucial role in blockchain networks, allowing for secure and private transactions and smart contract interactions while preserving the integrity and confidentiality of data.