CoinVoice has recently learned that the Web3 industry research analysis platform Web3Caff Research has released an in-depth report on the ZKP hardware acceleration project Cysic. Web3Caff Research researcher Bob pointed out in the report that zero-knowledge proof (ZKP) has a history of nearly 40 years and is widely used in blockchain privacy protection and layer 2 scaling. However, due to high computational resource consumption and slow verification speeds, user growth is limited. Therefore, hardware acceleration has become a key solution. FPGA and GPU have already realized multiple ZKP product deployments, while ASIC, with its superior performance, is viewed as the 'Mount Everest' of the industry due to high costs and uncertainties. Currently, Cysic, as the only team developing ZKP ASIC, can it unlock a market worth billions?
The report further points out that ZKP is one of the core technologies of Web3, and ZKP hardware acceleration is still in its infancy. Compared to Cysic, both the current industry approaches of operating open-source code libraries to accelerate GPUs and building FPGA clusters are still in the early trial-and-error stage. Cysic offers a user-friendly ZKP acceleration solution and is currently the only product open for testing and pushing to market, with its test network having entered Phase 2. Its performance is claimed to be 5 to 10 times faster than GPU acceleration, with plans to launch the mainnet by the end of 2024. In addition, Cysic's ZK-ASIC hardware products are receiving much attention, with two models expected to be launched in 2025, targeting both enterprise (B-end) and consumer (C-end) markets. Although there are doubts within the industry about ZK-ASIC, from a long-term development perspective, introducing ASIC to establish a ZKP 'mining' model may be a crucial step in promoting ecological development. [Original link]
