Why does ZK-Rollup become a hot pursuit for developers? With its high privacy and security guarantees and powerful scalability, can ZK-Rollup stand out in the market competition? In the future of Web3, developers should adopt a dialectical thinking approach towards ZK-Rollup to grasp the opportunities in the ZK track and explore the potential of on-chain applications.
The reason for choosing ZK-Rollup: It enables achievement of permission fairness and decentralization goals.
The powerful scalability and exit mechanisms of ZK-Rollup make it a favorite in the world of crypto.
The Starknet Chinese community is attracting more developers to learn about ZK through informative content and educational activities.
How can developers seize the benefits of ZK? By studying technical documentation, attempting coding, and utilizing the composability features of blockchain.
Developers familiar with ZKP are aware that the greatest advantage of ZK lies in its security and privacy. Additionally, both ZK era and Starknet natively support account abstraction(AA), bringing a whole new experience to Web3 users. “We can expect that native support for AA on ZK era and Starknet is the inevitable path for Web3 to reach higher levels of user adoption,” confidently stated Aaron. By utilizing AA, we can overcome the challenges of high fees and lengthy transaction cycles in traditional processes. Furthermore, ZK enhances the privacy and security of accounts, aligning with the goals of permission fairness and decentralization. This serves as a positive signal for user experience. “Blockchain and smart contracts are inherently built on the principles of fairness and transparency in implementing account abstraction. Whoever can develop exceptional wallet applications faster will gain a competitive advantage in the user market.”
However, ZK-Rollup presents developers with new opportunities, it also comes with various challenges. “The challenges of ZK from its immaturity, such as immature code leading to the generation of false evidence,” summarized Icer. Specifically, the first challenge is contract limitations, where only a small portion of specified information is aggregated in the user’s transaction records. The second challenge is supporting complex logic. Currently, the attempts to support ZK EVM and improve its performance are still unsatisfactory. “Facing the blockchain’s impossible trilemma — security, scalability and decentralization, ZK-Rollup inherits the security of the main chain but does not fully guarantee decentralization.” The third challenge is the comprehensive risk. Many platforms supported by ZK-Rollup have exhibited technical deficiencies in contract upgrades, exit mechanisms, and other aspects. It requires caution. For the future, when applying ZK-Rollup to platform construction and project development, developers still need to maintain a consciousness of seeking benefits while avoiding risks in order to truly leverage strengths and mitigate weaknesses.
Embracing the strengths of both technology and ecosystem
As ZK-Rollup continues to flourish, discussions among developers regarding the relationship between ZK-Rollup and Ethereum, as well as other Layer1 scalability solutions. Many developers believe that there is a competitive relationship between them, which may hinder future collaborative development. However, Leo held an opposite opinion, suggesting that this competitive relationship can also be seen as a form of “complementarity.” Both ecosystems and technologies have their own strengths. For example, Starknet helps Ethereum achieve better scalability and performance through ZK technology or solutions.
Encouraging developers to continuously explore
Furthermore, Ethereum’s infrastructure has the potential for further innovative exploration, such as Layer2 applications. It can also drive parallel market development. In the face of what appears to be a competitive technological ecosystem, developers engaging in continuous exploration across different Layer2 solutions or public chains is also a form of “complementarity.” We should strive to leverage our technological advantages to gain an edge in market competition.
Building a technical collaboration solution
Even in the fierce competition of technology market, developers who choose ZK-Rollup are not on the wrong path. Currently, ZK-Rollup has become a favorite technology, due to its ability to improve scalability without compromising the security of the main chain. It provides robust capacity for expansion. Moreover, ZK-Rollup ensures a high level of security. Once a failure or downtime, as long as it has the exit mechanism, users can potentially withdraw their funds. With its adaptable technical capabilities, ZK-Rollup will also explore unique collaborative development, fostering a “complementary” development alongside other technological systems.
Starknet has achieved remarkable success by adopting ZK. Unlike traditional ZK, Starknet utilizes ZK VM, which “sacrifices some operational efficiency but enhances ZK performance and reduces usage costs, fully meeting scalability requirements,” noted Leo. Additionally, Starknet has developed its own custom developer language called Cairo. It supports native AA and aims to create user-friendly contract wallets.
Starknet enables faster and more complex computations on-chain, catering to the development needs of full-stack games. Many promising full-stack games and derivative games have been developed on Starknet. Moreover, Starknet facilitates the integration of dynamic NFTs into full-stack game projects, enabling various gaming concepts to come to life.
The growing Starknet Chinese community welcomes more Web3 developers to join their technical ecosystem. As Leo explained, “Currently, the Starknet Chinese community is primarily engaged in two activities: technical education, which includes daily information updates and translating technical knowledge on Twitter. And developer education, which assists developers in the crypto field to smoothly enter the Starknet ecosystem.” In the future, Starknet also plans to organize educational training sessions and hackathons. With the gathering of more developers, Starknet is expected to develop impressive products that will leave a lasting impression.
As venture capitalists, both Yuxing and jiucai recognized the investment opportunities behind ZK-Rollup . Yuxing emphasized his interest in the technical innovations withZK-Rollup, such as the promising industry direction of full-chain gaming within the ZK-Rollup ecosystem. He also highlighted the potential sector of combining artificial intelligence technologies like ZKML with ZK. On the other hand, jiucai advised taking a more macroscopic view of ZK-Rollup, emphasizing the need to address development challenges from both a technical and ecological perspective. By nurturing more developers, establishing a healthy community ecosystem, and designing high-performance technical tools, we can drive the incubation of more investment-worthy projects in the ZK-Rollup domain. It’s essential to consider both the technological narrative and the current state of ecosystem development, as it forms the most crucial proposition.
“When it comes to investment opportunities in the ZK field, it still depends on the emergence of leading DApps in the future,” stated by jiucai. Undeniably, as the infrastructure of chain, ZK-Rollup is still in its early stages of development in areas such as transactions, lending, stablecoins, and more. Jiucai looks forward to the birth of new projects in the ZKML sector.
For developers, in addition to grasping the investment trends of ZK-Rollup, it is crucial to enhance their own development skills in order to seize opportunities. The guests advised developers interested in ZK-Rollup to focus on learning of technical documentation, understanding the basic principles of ZK technology and algorithm logic. Developers with experience can try coding ZK-Rollup to improve their technical capabilities and gain a broader perspective. Based on these foundations, developers should fully leverage the technical advantages of blockchain’s originality and composability, continuously innovate, and explore the possibilities of technical coupling. Let ZK-Rollup shine brightly in the future of Web3!