According to U.Today, Ethereum's main network could see significant improvements with the introduction of a technology known as 'Verkle trees'. This technology was recently discussed by Vitalik Buterin, who highlighted its potential to make the network more compatible with zero-knowledge proofs. These are methods that allow for the verification of information without revealing the information itself.
Currently, Ethereum operates on a system known as 'keccak Merkle Patricia trees'. Buterin pointed out that this system has limitations, particularly in terms of 'witness sizes'. These are the amounts of data required to verify a transaction, which can reach up to 300 MB. Such large sizes are not practical for processes that need to be efficient, such as zero-knowledge proofs.
'Verkle trees', however, are designed with zero-knowledge proofs in mind. They utilize a different type of cryptographic technique and are based on a specific kind of mathematical curve that is more suitable for this purpose. The adoption of Verkle trees could aid in the application of zero-knowledge proofs to Ethereum's Layer 1.
The Ethereum community appears to favor the adoption of Verkle trees over adjustments to the existing system, as suggested in proposals like EIP-3102. The implementation of Verkle trees could lead to faster transactions and lower costs, potentially attracting more users and developers to the Ethereum network. This increased activity and demand could subsequently drive the price of Ethereum upwards.
Polygon's zkEVM Type 1 has made advancements in the aforementioned technology, with the network processing proofs quickly with the necessary computational power. Improvements that enhance efficiency and scalability often have a positive impact on the value of digital assets.