Subscribe to kelizhdak.eth
Subscribe to kelizhdak.eth
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
Last week, StarkWare, a company active in the field of Ethereum authentication, unveiled a new Recursive Proof method that claims to be able to collect the transaction of tens of millions of non-fungible tokens (NFT) in a single transaction.
According to Mihan Blockchain and quoted by CoinDesk, Eli Ben-Sasson, president and co-founder of StarkWare, says:
After creating a proof of return this week, we now have the means to put tens of millions of NFT mints into an active proof of return and thus into a main Ethereum network transaction. Proof of recursion isn't used that heavily yet, but the technology is ready and everything will be ready when traffic networks grow to the point where this method can exist. This is the goal of working on blockchain scalability. Finding the bottlenecks of tomorrow's technology and solving it.
Rollup technologies provide Ethereum's main payload by collecting and batching hundreds of transactions off-chain and then batching them into a single transaction. Optimistic rollups use a valid network of validators to ensure that they are valid within each category. But in cases where the validators challenge one of the categories, the optimistic rollup becomes time-probable. Zero-Knowledge (zk) rollups use cryptography to validate packet mathematics before reaching the Ethereum network.
What are Ethereum layer 2 solutions? Full introduction of methods to reduce transaction fees StarkWare is one of the companies that provides zero knowledge rollup (zk) along with zkSync and Aztec and uses its own encryption method called STARK.
Starkware added proof of return to its engine, StarkEx, as well as its rollup product, StarkNet, on August 7. StarNet is a roll-up product that provides technology to decentralized application (Dapp) developers. Each proof of return can include transactions from StarkEx and StarkNet. NFTs are just one use case; Proof of return technology can work for any blockchain use case. Returned STARKs were activated on the Ethereum mainnet on August 11.
What is the importance of Recursive Proof technology? These technologies can greatly increase the feasibility of zero-knowledge roll-ups. Rollups themselves are tools for processing outside the main Ethereum network and give this network. With the addition of recursive proof of rollability, zero-knowledge rollups can scale up to millions of transactions, for example NFT issuance transactions within a 1 Ethereum transaction layer.
Last week, StarkWare, a company active in the field of Ethereum authentication, unveiled a new Recursive Proof method that claims to be able to collect the transaction of tens of millions of non-fungible tokens (NFT) in a single transaction.
According to Mihan Blockchain and quoted by CoinDesk, Eli Ben-Sasson, president and co-founder of StarkWare, says:
After creating a proof of return this week, we now have the means to put tens of millions of NFT mints into an active proof of return and thus into a main Ethereum network transaction. Proof of recursion isn't used that heavily yet, but the technology is ready and everything will be ready when traffic networks grow to the point where this method can exist. This is the goal of working on blockchain scalability. Finding the bottlenecks of tomorrow's technology and solving it.
Rollup technologies provide Ethereum's main payload by collecting and batching hundreds of transactions off-chain and then batching them into a single transaction. Optimistic rollups use a valid network of validators to ensure that they are valid within each category. But in cases where the validators challenge one of the categories, the optimistic rollup becomes time-probable. Zero-Knowledge (zk) rollups use cryptography to validate packet mathematics before reaching the Ethereum network.
What are Ethereum layer 2 solutions? Full introduction of methods to reduce transaction fees StarkWare is one of the companies that provides zero knowledge rollup (zk) along with zkSync and Aztec and uses its own encryption method called STARK.
Starkware added proof of return to its engine, StarkEx, as well as its rollup product, StarkNet, on August 7. StarNet is a roll-up product that provides technology to decentralized application (Dapp) developers. Each proof of return can include transactions from StarkEx and StarkNet. NFTs are just one use case; Proof of return technology can work for any blockchain use case. Returned STARKs were activated on the Ethereum mainnet on August 11.
What is the importance of Recursive Proof technology? These technologies can greatly increase the feasibility of zero-knowledge roll-ups. Rollups themselves are tools for processing outside the main Ethereum network and give this network. With the addition of recursive proof of rollability, zero-knowledge rollups can scale up to millions of transactions, for example NFT issuance transactions within a 1 Ethereum transaction layer.
No activity yet