Hello World! I'm not sure where this will lead to next.. but thats kind of the point!
Hello World! I'm not sure where this will lead to next.. but thats kind of the point!
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ZK rollups tangent
Protocol - Zero-Knowledge Proofs (ZKPs) Seven Seven Six
Vitalik thinks that ZK Rollups will process the vast majority of Ethereum transactions long-term. They may also upend the thesis for alternative L1s. The most innovative tech in crypto hasn’t widely impacted the markets yet, but that may change with StarkEx and zkSync. ZK might be the only solution that will enable crypto to scale to billions of users, and it provides the only privacy guarantee institutions might need to participate in public, interoperable blockchains so they adequately safeguard proprietary customer data.
Zero-Knowledge Proofs (ZKPs) allow data to be verified without revealing that data . They therefore have the potential to revolutionize the way data is collected, used and transacted with.
Why is that important?For example, you could not avail of a loan without showcasing your credit score or obtain health insurance without providing health information. Zero knowledge proof can help in such situations to obtain a loan by proving that you have a good credit score without disclosing it.
ZKP is the prover and credit report is the verifier -
Ali baba cave examples
ZKP class - https://academy.101blockchains.com/courses/zero-knowledge-proofs?_gl=1*srxfog*_ga*YW1wLV8xcHd4X3p2ZjhXOWtmR1pxbkl1dFE.
Zero-Knowledge tech and its iterations like ZK rollups will revolutionize the scalability and UX of crypto economies. StarkWare and ZKSync rightfully steal the show, but keep an eye on projects like Aleo that can unlock new types of crypto enabled applications.
Check out
Loopring, Immutable X, and dYdX are early adopters, but don’t expect their success to lead to a rush for ZK rollups just yet: they aren’t fully EVM compatible and require some customization to hop between the L1 and other L2s
StarkEx and zkSync.
The programmability gap will inevitably close between Optimistic and ZK rollups (StarkWare says its StarkNet is coming soon), but today the tradeoff is about simplicity and compatibility vs. settlement speed.
OPTIMISTIC NOW ZK later?
What is loopering https://loopring.org/#/
ZK Loopering
**
ZK rollups **
Zero-knowledge rollups are similar to optimistic rollups in that they post all transaction data onto the main chain. However, they use zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs) to validate transactions. Once these validation proofs are completed and posted to the main chain, all the transactions included in them are considered final. The computational power required to generate these proofs by the Layer 2 nodes is higher than optimistic rollups as they are cryptographically intensive. Implementations with Ethereum compatible smart contract support are a subject of active research and development but some have made significant steps towards Ethereum compatibility.
It has also made a concentrated effort to focus on ZK technology as the long term scaling solution for the Polygon ecosystem. In August, Polygon’s merge with Hermez – an open source ZK Rollup scaling solution – was a step towards integrating ZK into the core Polygon ecosystem. The team also announced a $1B strategic fund to invest in ZK technology and revealed “Miden” an upcoming STARK-based rollup that will be EVM compatible.
** On a long-enough timeline, all crypto will converge to zero-knowledge crypto.
Ethereum plans to rely on a roster of Layer 2 execution platforms like Optimism, Arbitrum, StarkWare, and ZKSync. Ethereum competitors like Solana and Avalanche have developed formidable parallel DeFi layers and user bases. Cosmos has unlocked cross-chain communication, bringing its multi-chain IBC universe to life. And Polkadot’s parachain auctions have finally kicked off.**
* **Vitalik and the Ethereum Core developers have come around to “rollup-centric design” for Ethereum scaling that looks most similar to the designs of Polkadot and Cosmos. Settling a range of independent, EVM-compatible, execution-layer blockchains that “roll-up” to the same Ethereum Beacon Chain is already picking up steam across two different types of rollups: optimistic and zero-knowledge
.ZK-rollups: zkSync and StarkWare use these (two sections from now), and dydx is live in production using StarkWare’s technology. ZK-rollups are lightning fast because they use something called validity proofs, making them instantly verifiable and eliminating the need for a liquidity-sucking challenge period. They have also made strides on becoming EVM-compatible, with StarkWare’s StarkNet and ZKSync 2.0 sporting built-in compilers to support the execution of smart contracts written in Solidity and Vyper. But these EVM-compatible solutions aren’t live yet. ZK-rollups to date have only supported a few discrete tasks like direct transfers and trading (like Loopring).**
Starkware does not have token but alchemy is on it and so is immutable X
Loopering is for payment
ZK rollups tangent
Protocol - Zero-Knowledge Proofs (ZKPs) Seven Seven Six
Vitalik thinks that ZK Rollups will process the vast majority of Ethereum transactions long-term. They may also upend the thesis for alternative L1s. The most innovative tech in crypto hasn’t widely impacted the markets yet, but that may change with StarkEx and zkSync. ZK might be the only solution that will enable crypto to scale to billions of users, and it provides the only privacy guarantee institutions might need to participate in public, interoperable blockchains so they adequately safeguard proprietary customer data.
Zero-Knowledge Proofs (ZKPs) allow data to be verified without revealing that data . They therefore have the potential to revolutionize the way data is collected, used and transacted with.
Why is that important?For example, you could not avail of a loan without showcasing your credit score or obtain health insurance without providing health information. Zero knowledge proof can help in such situations to obtain a loan by proving that you have a good credit score without disclosing it.
ZKP is the prover and credit report is the verifier -
Ali baba cave examples
ZKP class - https://academy.101blockchains.com/courses/zero-knowledge-proofs?_gl=1*srxfog*_ga*YW1wLV8xcHd4X3p2ZjhXOWtmR1pxbkl1dFE.
Zero-Knowledge tech and its iterations like ZK rollups will revolutionize the scalability and UX of crypto economies. StarkWare and ZKSync rightfully steal the show, but keep an eye on projects like Aleo that can unlock new types of crypto enabled applications.
Check out
Loopring, Immutable X, and dYdX are early adopters, but don’t expect their success to lead to a rush for ZK rollups just yet: they aren’t fully EVM compatible and require some customization to hop between the L1 and other L2s
StarkEx and zkSync.
The programmability gap will inevitably close between Optimistic and ZK rollups (StarkWare says its StarkNet is coming soon), but today the tradeoff is about simplicity and compatibility vs. settlement speed.
OPTIMISTIC NOW ZK later?
What is loopering https://loopring.org/#/
ZK Loopering
**
ZK rollups **
Zero-knowledge rollups are similar to optimistic rollups in that they post all transaction data onto the main chain. However, they use zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs) to validate transactions. Once these validation proofs are completed and posted to the main chain, all the transactions included in them are considered final. The computational power required to generate these proofs by the Layer 2 nodes is higher than optimistic rollups as they are cryptographically intensive. Implementations with Ethereum compatible smart contract support are a subject of active research and development but some have made significant steps towards Ethereum compatibility.
It has also made a concentrated effort to focus on ZK technology as the long term scaling solution for the Polygon ecosystem. In August, Polygon’s merge with Hermez – an open source ZK Rollup scaling solution – was a step towards integrating ZK into the core Polygon ecosystem. The team also announced a $1B strategic fund to invest in ZK technology and revealed “Miden” an upcoming STARK-based rollup that will be EVM compatible.
** On a long-enough timeline, all crypto will converge to zero-knowledge crypto.
Ethereum plans to rely on a roster of Layer 2 execution platforms like Optimism, Arbitrum, StarkWare, and ZKSync. Ethereum competitors like Solana and Avalanche have developed formidable parallel DeFi layers and user bases. Cosmos has unlocked cross-chain communication, bringing its multi-chain IBC universe to life. And Polkadot’s parachain auctions have finally kicked off.**
* **Vitalik and the Ethereum Core developers have come around to “rollup-centric design” for Ethereum scaling that looks most similar to the designs of Polkadot and Cosmos. Settling a range of independent, EVM-compatible, execution-layer blockchains that “roll-up” to the same Ethereum Beacon Chain is already picking up steam across two different types of rollups: optimistic and zero-knowledge
.ZK-rollups: zkSync and StarkWare use these (two sections from now), and dydx is live in production using StarkWare’s technology. ZK-rollups are lightning fast because they use something called validity proofs, making them instantly verifiable and eliminating the need for a liquidity-sucking challenge period. They have also made strides on becoming EVM-compatible, with StarkWare’s StarkNet and ZKSync 2.0 sporting built-in compilers to support the execution of smart contracts written in Solidity and Vyper. But these EVM-compatible solutions aren’t live yet. ZK-rollups to date have only supported a few discrete tasks like direct transfers and trading (like Loopring).**
Starkware does not have token but alchemy is on it and so is immutable X
Loopering is for payment
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