ZKP
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Here's a summary of the key points from the announcement regarding Nil Foundation's zkSharding network:
1. Nil Foundation, an Ethereum research and development firm, is developing its own rollup network named 'zkSharding.'
2. zkSharding is notable as Ethereum's first ZK (zero-knowledge) rollup network designed to incorporate sharding, combining two prominent scaling technologies.
3. The combination of zero-knowledge proofs and sharding is intended to enhance composability, allowing for complex interactions between smart contracts, while still maintaining the network's security.
4. Zero-knowledge proofs are cryptographic techniques that have gained significant traction in 2023 within the blockchain technology space.
5. In zkSharding, zero-knowledge proofs will be used to validate transactions within individual shards before transmitting the proofs to the primary Ethereum network.
6. The development of zkSharding is aimed at bringing sharding, a long-anticipated Ethereum upgrade, to the network in a non-invasive manner.
7. The goal is to improve Ethereum's scalability and overall efficiency, addressing long-standing challenges in the blockchain network.
8. The introduction of zkSharding is expected to offer significant benefits for Ethereum users and developers by enabling more complex and secure transactions.
9. The initiative reflects the ongoing efforts to advance Ethereum's technology and make it more adaptable to growing demands in the blockchain space.
10. Nil Foundation's CEO and co-founder, Misha Komarov, expressed their commitment to introducing sharding in a seamless and non-disruptive manner.
#Layer2 #ZKP
1. Nil Foundation, an Ethereum research and development firm, is developing its own rollup network named 'zkSharding.'
2. zkSharding is notable as Ethereum's first ZK (zero-knowledge) rollup network designed to incorporate sharding, combining two prominent scaling technologies.
3. The combination of zero-knowledge proofs and sharding is intended to enhance composability, allowing for complex interactions between smart contracts, while still maintaining the network's security.
4. Zero-knowledge proofs are cryptographic techniques that have gained significant traction in 2023 within the blockchain technology space.
5. In zkSharding, zero-knowledge proofs will be used to validate transactions within individual shards before transmitting the proofs to the primary Ethereum network.
6. The development of zkSharding is aimed at bringing sharding, a long-anticipated Ethereum upgrade, to the network in a non-invasive manner.
7. The goal is to improve Ethereum's scalability and overall efficiency, addressing long-standing challenges in the blockchain network.
8. The introduction of zkSharding is expected to offer significant benefits for Ethereum users and developers by enabling more complex and secure transactions.
9. The initiative reflects the ongoing efforts to advance Ethereum's technology and make it more adaptable to growing demands in the blockchain space.
10. Nil Foundation's CEO and co-founder, Misha Komarov, expressed their commitment to introducing sharding in a seamless and non-disruptive manner.
#Layer2 #ZKP
What is a zero-knowledge proof?
Zero-knowledge proofs are a cryptographic technique to prove something without revealing a secret. It's like a magic trick where someone shows they know a secret number without telling it.
For instance, in a locked box game, your friend claims to know the combination. Instead of telling, they make you pick a number, multiply by a secret, and give the result. They quickly divide it, showing the secret number. Repeating this, using different numbers, builds confidence.
In the digital world, this involves complex math and has uses like proving identity without sharing details, private computations, and secure communication. Benefits: privacy, security, no need for a third party. Challenges: complexity, user-friendliness, but improving.
#ZKP
Zero-knowledge proofs are a cryptographic technique to prove something without revealing a secret. It's like a magic trick where someone shows they know a secret number without telling it.
For instance, in a locked box game, your friend claims to know the combination. Instead of telling, they make you pick a number, multiply by a secret, and give the result. They quickly divide it, showing the secret number. Repeating this, using different numbers, builds confidence.
In the digital world, this involves complex math and has uses like proving identity without sharing details, private computations, and secure communication. Benefits: privacy, security, no need for a third party. Challenges: complexity, user-friendliness, but improving.
#ZKP
