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Home News Story

Vitalik Buterin’s announcement on Zk-EVM for Ethereum

by Ashutosh Thakur
April 9, 2023
in News Story
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Vitalik Buterin’s announcement on Zk-EVM for Ethereum
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The technology of “zero-knowledge Ethereum Virtual Machines” (zk-EVMs) could be integrated into the base of the Ethereum blockchain, according to a recent proposal by Vitalik Buterin, co-founder of Ethereum. Indeed, zk-EVMs could enable the execution of smart contracts on the blockchain through ZK proofs, thus speeding up the verification process while maintaining the decentralization and security of the platform.

This integration, according to Vitalik Buterin, would create a third type of client, in addition to consensus and runtime clients, in line with Ethereum’s “multi-client” philosophy to ensure decentralization at the protocol level.

However, Ethereum founder Vitalik Buterin also pointed out the drawbacks of treating Layer 1 protocols as a “clearing room” by shifting most activities to Layer 2.

And for good reason, this approach could make Layer 1-based applications economically unviable and tie up funds if gas charges increase.

He therefore proposed a different approach, consisting of an open system of zk-EVMs that requires different customers with different implementations.

This would preserve the “multi-client” philosophy as well as facilitate the development of new clients, while further decentralizing Ethereum at the base.

Therefore, Vitalik Buterin’s proposal for zk-EVMs based on Ethereum aims to speed up the verification process while maintaining the decentralization and security of the platform.

While this implementation may have data inefficiency and latency issues, Vitalik Buterin believes these hurdles are surmountable.

Additionally, it would simplify the process of running a full Ethereum node, reducing block sizes and allowing anyone to run a full verifier node on various devices including laptops, phones, or extenders. browser, while maintaining the “multi-client” advantages of Ethereum.

Buterin also mentioned the significant advances in zk-EVM scaling solutions by Polygon, an Ethereum Layer 2 scaling platform, as well as other organizations such as StarkWare, ConsenSys, Scroll, zkSync and Immutable.

Overall, Buterin’s proposal for Ethereum-powered zk-EVMs shows its commitment to balancing scaling with the platform’s core values ​​of decentralization and security.

See as well : Euler Finance recovered more than $200 million |

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