📊｜One article to understand Vitalik Buterin's two speeches in Hong Kong
📌In this speech, Vitalik Buterin first emphasized the importance of cryptography to blockchain technology, especially the development of Ethereum. He proposed that Ethereum is committed to applying complex cryptographic theories to practical engineering to achieve technological innovation and progress. Vitalik Buterin believes that cryptography is not only the basis of theoretical research, but also the key to promoting the continuous evolution of blockchain technology.
🔻Let's briefly talk about the Ethereum team's focus on several key frontiers of cryptography:
1️⃣ZK-SNARKs
2️⃣2PC, MPC, FHE
3️⃣Aggregate signatures
4️⃣Improving P2P networks
📌In his speech, Vitalik Buterin proposed two major challenges facing Ethereum in cryptographic applications: efficiency and security. He pointed out that the current time for Ethereum block generation does not match the time required to execute ZK-SNARKs proofs, which is an efficiency problem that needs to be overcome. At the same time, he also recognizes the security risks that may be caused by inevitable bugs in the code.
♦️Conclusion:
We need to design protocols that can meet the limitations of cryptography, and we need to continuously improve the strength of cryptography technology and explore its potential limits. To this end, Vitalik proposed two development directions: one is to improve the efficiency of real-time proofs, hoping that every message transmitted in the decentralized protocol can be accompanied by ZK-SNARKs by default to ensure that it follows the protocol rules; the other is to enhance security, fundamentally reduce the possibility of problems, and make the technology behind it more powerful and credible.
