Vitalik Buterin encouraged the deployment of Zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum mainnet. In a blog post, Buterin stated that the zk-EVMs would speed up Ethereum’s verification process without affecting the network’s decentralization and security. zk-EVMs to Interact With Ethereum’s Multi-Client Philosophy According to the Russian-Canadian programmer, Ethereum maintains its security and decentralization through its multi-client philosophy, which enables users to run nodes through a collaboratively-managed specification, with multiple teams making implementations. The Ethereum creator believes the whole validation process can be modified using zk-EVMs, which will improve the network’s scalability. A zk-EVM is a new type of Ethereum Virtual
Topics:
Mandy Williams considers the following as important: AA News, Vitalik Buterin
This could be interesting, too:
Wayne Jones writes Charles Schwab to Launch Spot Crypto ETFs if Regulations Change
Wayne Jones writes Here’s When FTX Expects to Start Repaying Customers .5B
Dimitar Dzhondzhorov writes Is Cryptoqueen Ruja Ignatova Alive and Hiding in South Africa? (Report)
Wayne Jones writes Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users
Vitalik Buterin encouraged the deployment of Zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum mainnet.
In a blog post, Buterin stated that the zk-EVMs would speed up Ethereum’s verification process without affecting the network’s decentralization and security.
zk-EVMs to Interact With Ethereum’s Multi-Client Philosophy
According to the Russian-Canadian programmer, Ethereum maintains its security and decentralization through its multi-client philosophy, which enables users to run nodes through a collaboratively-managed specification, with multiple teams making implementations.
The Ethereum creator believes the whole validation process can be modified using zk-EVMs, which will improve the network’s scalability.
A zk-EVM is a new type of Ethereum Virtual Machine that enhances Ethereum’s scalability by generating zero-knowledge proofs while supporting smart contracts and application compatibility.
Ethereum layer 2 scaling solution Polygon has already deployed its zk-EVMs to improve transaction speed. Polygon’s zk-EVM aggregates multiple transactions into a single proof, allowing the network to execute them smoothly.
Buterin believes zk-EVMs should not be used for layer-2 protocols alone, as deploying them on Ethereum’s base layer (L1) is possible. He stated that zk-EVMs would solve Ethereum’s base layer verification problem.
“Once that happens, ZK-EVMs de-facto become a third type of Ethereum client, just as important to the network’s security as execution clients and consensus clients are today,” he said.
Deploying zk-EVMs on Ethereum’s Base Layer
Buterin further outlined various ways the zk-EVMs could be deployed on the Ethereum network, alongside their challenges.
The Ethereum developer mentioned the possibility of making the base layer function as a clearinghouse for L2 protocols while almost all activities are forced to move there. However, he disclosed that this option would make existing L1-based protocols become “economically nonviable” and increase transaction fees.
The second option would be to create a type 1 zk-EVM to verify the EVM execution of an L1 Ethereum block. While this option would have its challenges, the computer scientist believes developers would find a way to solve them.
“With these technologies in place, the future looks very good. Ethereum blocks would be smaller than today, anyone could run a fully verifying node on their laptop or even their phone or inside a browser extension, and this would all happen while preserving the benefits of Ethereum’s multi-client philosophy,” Buterin added.