There’s a version of the future that’s tantalizingly possible in which Ethereum becomes the base layer for pretty much everything.
At its most basic, the process employs high-level mathematics to generate a tiny validity proof that verifies that a whole bunch of other transactions has been carried out correctly. Instead of putting all the transactions on the slow and creaky blockchain, you just record one proof in a transaction.
Tens of thousands of transactions being compressed into a single transaction on Ethereum is impressive enough, but the magic doesn’t stop there. “It is a proof of proving. And so, you can further compound the savings because each time you generate a proof, you’ve compressed the process of verifying computation. So, basically, you can compress again and again.”Our interview is held the same week that StarkWare puts recursive proofs into production.
ZN “I think it’s theoretically possible,” explains Declan Fox, product manager for rollups at Consensys, which provides Ethereum infrastructure and apps like MetaMask. “We have the technology to achieve that kind of throughput necessary.”
ZN And it will bring down the price another 50% from here
ZN 👏👏
ZN Legitimately-deserved investigations into ETH by the US SEC and by regulators from other nations could enable Etherium to become the base layer for nothing.
ZN PoB is far better
ZN Check elonexperiment out ABSOLUTE GEM 🚀🚀🚀🚀💰
This is a very difficult question. I am confident in the success of this project and continue to actively spend usdt to buy $ETH
Not a fan of a centralized Blockchain. Most of the validators are controlled by a few companies with close ties to big banks and financial institutions. Cough... Black Rock.. cough, cough... Meet your new boss, just like your old one.
I did not know about this, very interesting information
SYS
Bhahahahaaaaa
Lol
Or you could use bitcoin, which has the bonus of being immutable. Few.
$DUSK IS THE SOLUTION
Big claim
🚀 Thnks a millon
How come no one is talking about it
ZN Don’t see how this improves the system that’s already in place - banks are doing it fine and at lower costs than eth vas fees
ZN Gas fees won’t ever allow this to be adopted.
ZN Monopoly never nice.
ZN This is very bullish for iExec $RLC
ZN LOOK NO FURTHER --- $DUSK DUSK
ZN LoL time will tell, but ZK rollups will not enable the worlds finance systems to run on it. Maybe some use cases, that don't need instant finality, low latency & high scalability. Only one can do that and it's Nahmii_io using statepools!
ZN ZK rollups are the future
ZN Ethereum eating worlds finance system Inery eating worlds data system
ZN Lol someone’s down on there Knees .. hope your wearing knee pads
ZN my precious Ethereum! and I almost forgot to mention Inery along side ETH
ZN JP Morgan has nearly 4 trillion in assets and almost as much in cash equivalents on its balance sheet than ETH has on its entire network. That is one bank. It is early … nothing is eating the world quite yet.
ZN BSV eth...
ZN 🚀 Thnks a millon
ZN Lol with them gas fees I don’t think so 😂
ZN So miners 🔥 have been hiding this for long time,
EliBenSasson *THIS IS 2022, _STOP LOSING YOUR MONEY TRADING ON YOUR OWN._ COMFORT SPECIAL TRADES GIVES YOU 800% DAILY PROFITS 😍(TURN 100$ TO 5000$ IN FEW DAYS). * *HIT OUR TELEGRAM PLATFORM TO START EARNING * 👇👇👇
EliBenSasson thx vitalik for eth 2.0 gas!
EliBenSasson 🚀 Thnks a millon.
EliBenSasson this is 🔥 the best 10 minutes spent on a youtube video 🚀🚀
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