You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

Vitalik Buterin Proposes Enshrined ZK-EVM for Enhanced Ethereum Main Chain Efficiency

Vitalik Buterin, co-founder of Ethereum, has unveiled a conceptual architecture known as the enshrined Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) with the goal of enhancing the efficiency of Ethereum’s main chain.

In his latest blog post, Buterin outlines that the proposal for the enshrined ZK-EVM aims to incorporate advanced cryptographic techniques directly into Ethereum’s main chain. The primary objective is to establish a more secure and efficient verification process for Ethereum transactions. This initiative is specifically designed to enhance and optimize the functionality of Layer-2 applications on the Ethereum network.

Enshrined ZK-EVM on Layer-1

The core concept behind the enshrined Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) is to establish an intrinsic, in-protocol mechanism for validating Ethereum blocks through Zero-Knowledge Proofs. This system is designed to decrease reliance on external codebases, thereby minimizing the risks associated with potential bugs in these external systems.

Vitalik Buterin highlighted the suboptimal nature of the current situation, where various projects are duplicating a functionality already present in the Ethereum protocol. The enshrined ZK-EVM is envisioned to perform functions akin to the existing Layer-1 Ethereum blocks, but with heightened security and efficiency. “The most important property, in addition to basic guarantees of correct functionality and security, is speed,” Buterin emphasized.

A crucial aspect of this proposal is its alignment with Ethereum’s multi-client philosophy, emphasizing the significance of accommodating various clients with diverse proving systems. Vitalik Buterin underlined the importance of steering clear of enshrining a singular proving system and, instead, fostering an environment where different clients can employ distinct proving systems.

Buterin also delves into the necessity of ensuring data availability and auditability within the proposed system. He argues that any execution validated by the ZK-EVM must assure accessibility of the underlying data for inspection in the event of issues. This commitment to transparency is deemed vital for upholding trust and reliability within the Ethereum network.

Key Terms and Concepts

Zero-Knowledge Proofs (ZK-Proofs): These are cryptographic techniques enabling one party to prove the truth of a statement to another party without disclosing any information beyond the validity of that statement. In the blockchain context, ZK-Proofs facilitate the verification of transactions while upholding privacy and minimizing the amount of data that needs processing and storage.

Ethereum Virtual Machine (EVM): Functioning as a decentralized, global-scale computer, the EVM is the framework in which all Ethereum accounts and smart contracts exist and interact. Every transaction or execution of a smart contract on Ethereum is processed through the EVM, acting as the central executor for all network activities.

Layer 2 Solutions: These refer to technologies constructed atop a blockchain, often referred to as Layer 1, with the aim of enhancing scalability and efficiency. Layer 2 solutions, such as rollups or state channels, manage transactions off the main chain, alleviating the load on the primary blockchain while still deriving security from it.

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

S&P Global Ratings joins Singapore MAS’s Project Guardian
28.06.2024By
Boden Memecoin Crashes After US President Biden’s Poor Debate Performance
28.06.2024By
Steno Research Expects $15-20B Inflows into Ether Spot ETFs, Predicts $6,500 Price Target
28.06.2024By

Latest news

S&P Global Ratings joins Singapore MAS’s Project Guardian
28.06.2024
Boden Memecoin Crashes After US President Biden’s Poor Debate Performance
28.06.2024
Steno Research Expects $15-20B Inflows into Ether Spot ETFs, Predicts $6,500 Price Target
28.06.2024
Bitcoin Mining Firm CleanSpark Acquires GRIID in $155M Stock Deal
28.06.2024
Elastos Partners With BEVM to Launch Bitcoin P2P Loans, Targeting $1.3T in Dormant Value
28.06.2024
Coinbase Files Lawsuits Against SEC, FDIC Over FOIA Request
27.06.2024
UK Watchdog Boosts Crypto Division to 100 Staff Members
27.06.2024
Hong Kong Government Explores DeFi and Metaverse to Boost Fintech Dominance
27.06.2024
Spot Ether ETFs May Receive US Approval by July 4: Report
27.06.2024
Bitcoin ETFs See Inflows for Second Consecutive Day as BTC Holds Steady at $60K
27.06.2024