Rob Viglione, CEO of Horizen Labs, discusses Ethereum's advancements towards zero-knowledge proofs. Recent developments like EIP-4844 have enhanced the network's scalability and reduced transaction fees. While Layer 2 solutions have improved transaction costs, Ethereum still faces congestion issues. Zero-knowledge proofs offer a solution by offloading computation offchain, but verifying these proofs can be costly. The adoption of modular proof verification, like zkVerify, can significantly reduce these costs. Despite concerns from major Layer 2 ecosystems, the move towards offchain verification is gaining traction, especially among Rollup-as-a-Service providers. Ethereum's compatibility with zero-knowledge elliptic curves shows promise, but further advancements are needed to optimize efficiency. Horizen Labs is addressing these challenges by offering zkVerify and developing an EVM-compatible chain. The evolution of the EVM with zero-knowledge proofs is crucial for future adoption and scalability in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

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