News
Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer-2 solutions.
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zk-STARK News
Zk-STARKs refer to zero-knowledge scalable transparent arguments of knowledge and are a type of cryptographic proof technology that allows blockchains to shift computations to a single off-chain STARK prover and then validate the computations’ integrity using an on-chain STARK verifier. The first STARK publication was released in 2018.
Zk-SNARKs (zero-knowledge succinct non-interactive argument of knowledge), which were used to build zk-proof systems prior to the development of zk-STARKs, introduced the vulnerability of those trusted parties jeopardizing the system’s privacy due to them needing to originally set up the zk-proof system. Zk-STARKs, invented by StarkWare, advance this technology by removing the requirement for a reliable setup. The fundamental workings of STARKs are hash functions, which have several benefits, including being quantum resistant.
The primary application of knowledge-testing systems like zk-STARK concentrates on developing secure and private systems with complete decentralization of information and access restrictions. The zk-STARK may also be used to increase blockchain scalability by enabling cryptographic proofs to require less storage space. This is crucial for cryptocurrencies like Bitcoin (BTC) since the block size determines how many transactions can be handled per second.
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Consensys zkEVM Linea head Nicolas Liochon says speed and execution will continue to increase as it tweaks its Ethereum layer-2 scaling solution.
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Storage proofs could prove useful for services like account recovery, tapping into the ability to access and verify historical Ethereum data.
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Delphinus Lab is building a zero-knowledge proof rollup service aimed at powering Web3 application development.
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ConsenSys’ Ethereum scaling network Linea is now fully public, having processed over three million transactions and bridging $26 million in Ether.
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Space and Time launches zero-knowledge proof tool for its decentralized database platform.
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The intersection of ZK proofs and multichain bridges has become one of the industry's more intriguing development.
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“What could go wrong?” Decentralized ID protocol Worldcoin has launched, receiving mixed reactions from the cryptocurrency community.
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The co-founder of the liquidity protocol said the ZK-rollup-based scaling solution could potentially solve the scalability dilemma put forward by Ethereum co-founder Vitalik Buterin.
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Prominent Ethereum development firms have rolled out varying zero-knowledge scaling solutions that drive healthy competition in the ecosystem.
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The latest proof system promises better throughput than the current 100 TPS rate and reduces costs in the long term.
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Ethereum scaling remains the primary use case behind zero-knowledge proofs, according to a report from ZKValidator.
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ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1.
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Buterin also lauded the recent rise of Ordinals and believes they have brought the builder culture back to the Bitcoin ecosystem.
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Starknet’s latest upgrade will scale the zk-Rollup’s throughput by 50x or more, but capacity is very different from real-world usage.
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