ZkEVM
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What is zkEVM?
A zero-knowledge Ethereum Virtual Machine (zkEVM) is a virtual machine that generates zero-knowledge proofs to verify the correctness of programs. #ZkEVM are designed to execute smart contracts in a manner that supports zero-knowledge technology.
#crypto2023
A zero-knowledge Ethereum Virtual Machine (zkEVM) is a virtual machine that generates zero-knowledge proofs to verify the correctness of programs. #ZkEVM are designed to execute smart contracts in a manner that supports zero-knowledge technology.
#crypto2023
💥 Polygon Labs and ImmutableX join forces to introduce Immutable zkEVM.
#PolygonLabs #ImmutableX #ZkEVM #BTC #BNB
#PolygonLabs #ImmutableX #ZkEVM #BTC #BNB
Daily Market Roundups ( 13 June 3023 )
Global #cryptocurrency market cap stands at $1.06T, up 0.52% in the last day.
#bitcoin trades between $25,652 and $26,272, currently at $26,152, with a 0.49% increase.
Major cryptocurrencies show mixed trading, with $ALPHA $AMB & $LUNC performing well with gains of 20%, 16%, and 13% respectively.
Sam Bankman-Fried's Bahamas litigation expected to be a lengthy process.
#Polygon #ZkEVM Beta achieves a milestone with 100K wallets, signaling increased adoption.
Turkey witnesses growing crypto interest amid another Lira collapse.
#Arbitrum becomes a preferred choice for capital shifting away from Ethereum.
Tether issues $1B on the Ethereum blockchain to strengthen reserves.
Various news includes legal disputes, tokenized securities, regulatory developments, and market analysis.
Global #cryptocurrency market cap stands at $1.06T, up 0.52% in the last day.
#bitcoin trades between $25,652 and $26,272, currently at $26,152, with a 0.49% increase.
Major cryptocurrencies show mixed trading, with $ALPHA $AMB & $LUNC performing well with gains of 20%, 16%, and 13% respectively.
Sam Bankman-Fried's Bahamas litigation expected to be a lengthy process.
#Polygon #ZkEVM Beta achieves a milestone with 100K wallets, signaling increased adoption.
Turkey witnesses growing crypto interest amid another Lira collapse.
#Arbitrum becomes a preferred choice for capital shifting away from Ethereum.
Tether issues $1B on the Ethereum blockchain to strengthen reserves.
Various news includes legal disputes, tokenized securities, regulatory developments, and market analysis.
What Is a ZkEVM
#ZkEVM (Zero-Knowledge Ethereum Virtual Machine) is a privacy-focused technology that enables users to execute smart contracts on the Ethereum blockchain while maintaining complete confidentiality of the contract's logic and data!
In traditional Ethereum smart contract execution, all the information related to the contract, including its inputs, outputs, and the logic behind it, is visible on the blockchain, making it accessible to anyone who has access to the network. In contrast, ZkEVM leverages zero-knowledge proofs to ensure that only the parties involved in the contract can access its information, making it more secure and private!
ZkEVM achieves this by executing the smart contract in a virtual environment that is isolated from the main Ethereum network, and then generating a proof that proves the correctness of the computation without revealing any sensitive information. This proof is then verified by the network, which allows the contract to be executed without revealing any confidential information!
ZkEVM has the potential to enable new use cases for Ethereum, such as confidential transactions and privacy-preserving decentralized applications, and it is an active area of research and development within the Ethereum ecosystem!
#Binance #POLYGON #ARBITRUM #ETH
In traditional Ethereum smart contract execution, all the information related to the contract, including its inputs, outputs, and the logic behind it, is visible on the blockchain, making it accessible to anyone who has access to the network. In contrast, ZkEVM leverages zero-knowledge proofs to ensure that only the parties involved in the contract can access its information, making it more secure and private!
ZkEVM achieves this by executing the smart contract in a virtual environment that is isolated from the main Ethereum network, and then generating a proof that proves the correctness of the computation without revealing any sensitive information. This proof is then verified by the network, which allows the contract to be executed without revealing any confidential information!
ZkEVM has the potential to enable new use cases for Ethereum, such as confidential transactions and privacy-preserving decentralized applications, and it is an active area of research and development within the Ethereum ecosystem!
#Binance #POLYGON #ARBITRUM #ETH
