Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface.
Zk-Rollups, or zero-knowledge Rollups, are layer-2 scaling solutions that boost throughput on the Ethereum mainnet by off-chaining computation and state storage. When a GitHub repository with the name “roll_up” was uploaded in 2018 under the alias Barry Whitehat, the idea of rollups was first introduced. Shortly after, Vitalik Buterin, the creator of Ethereum, published an enhanced version of this original idea under the name zk-Rollups.
In essence, zk-Rollups technology groups transactions into batches that are then processed off-chain. The amount of data that needs to be posted to the blockchain is decreased by performing off-chain computing. Instead of sending each transaction separately, zk-Rollup operators send a summary of the changes required to represent all the transactions in a batch. The state of the zk-Rollup is preserved via a smart contract running on the Ethereum network. Zk-Rollup nodes must submit validity proof for approval before updating this state. Validity proof provides a cryptographic assurance that the state-change proposed by the rollup actually occurred as a result of executing the specified batch of transactions. This means that unlike Optimistic Rollups, which must post full transaction information on-chain, zk-Rollups just need to give validity proofs to complete transactions on the Ethereum blockchain.
The much-needed upgrade will provide a number of improvements across the network, and come at a time when competition in the layer 2 space has been heating up.3649
Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis.3496
1inch Network is the latest decentralized Finance protocol to deploy on Ethereum layer-2 scaling platform zkSync Era.7803
Zero-knowledge technology has seen significant growth in adoption within the blockchain space in 2023, according to an inaugural quarterly report published by ZKValidator.5460
All 191 UNI token holders voted in favor of the proposal to launch the DEX on Polygon's zkEVM.4946
Cross-chain DeFi platform Symbiosis has integrated zkSync to improve transaction speed and reduce fees on its automated market-making protocol.2932
Matter Labs confirmed the funds are safe and that they’ve found an “elegant solution” to transfer the funds out.11454
Crypto traders are actively investing in projects launching on zkSync as the hype around its potential governance token airdrop increases.2569
Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin.11670
Ethereum layer-2 scaling platform Polygon has released its zkEVM to mainnet beta, allowing developers to deploy smart contracts with increased finality and lower costs.6169
A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling.6941
Arbitrum’s upcoming ARB token has everyone excited about the next potential airdrop, and it looks like there’s more to come.19074
The new NFT Private Offering platform will enable users to mint nonfungible tokens and soulbound tokens while maintaining the privacy of their crypto assets.12550
Web3 gaming developers will be able to build on a new zero-knowledge Ethereum Virtual Machine that aims to increase ownership rights for players and take on the big gaming corporations.5342