Cardano has just reached an important milestone by successfully deploying the first zero-knowledge (ZK) smart contract on the mainnet, marking a major advancement in enhancing the network's capabilities.
Highlights of the implementation
• Halo2 Contracts: This smart contract supports zero-knowledge applications and partner chains like Midnight integrated into Cardano.
• Utilizing Plutus v3 language: This powerful tool helps Cardano enhance processing capabilities and applications.
• Low transaction costs: Unlocking funds costs 0.16 $ADA while unlocking through Halo2 verification only requires 2.03 ADA.
Halo2 Technology – A Breakthrough
• Advanced zk-SNARK systems: Halo2 is a secure transaction verification technology that does not disclose sensitive information, built on the PLONK protocol, optimizing performance and flexibility.
• No need for a trusted setup: Halo2 eliminates security risks and logistical challenges from traditional zk-SNARK systems.
• Support for recursive proofs: This technology breaks down computations into smaller parts, each part using results from the previous stage as input, helping to improve performance and scalability.
Practical Vision
Halo2 aims for practical applications with the goal:
• Reducing operational costs.
• Accelerating the generation and verification of proofs.
• Enhanced security through improvements based on modern cryptographic principles.
This is a significant step forward in the strategy of #Cardano , not only expanding technological capabilities but also helping this blockchain enhance practical applications in areas such as decentralized finance (DeFi) and secure transactions.
