Buterin weighs in on zk-EVMs impact on decentralization and security

Share This Post

Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer.

Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain.

Buterin explained in a March 31 post that it’s possible to integrate a zk-EVM on the base layer without compromising on decentralization and security. The technology enables Ethereum Virtual Machines to execute smart contracts on the blockchain with ZK proofs.

Ethereum was developed with a “multi-client philosophy” to ensure decentralization at the protocol level, Buterin explained. By integrating zk-EVMs at the Ethereum layer 1, it would be the third type of client.

“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.”

The other two clients are the “consensus” and “execution” clients. The consensus client implements proof-of-stake to ensure nodes in the network reach agreement. While the execution listens to new transactions broadcasted in the network, executes them in standard EVM and holds a copy of the latest state of the blockchain.

In championing the idea of zk-EVM verification at the Ethereum base layer, Buterin firstly considered the advantages and drawbacks of treating the layer 1 as a “clearinghouse” by pushing almost all activity to layer 2’s.

He said many layer 1-based apps would become “economically nonviable” and that small funds — worth a few hundred dollars or less — may get “stuck” in the event that gas fees grow too large.

Buterin explained that zk-EVMs would need to be “open” in that different clients each have different zk-EVM implementations and each client waits for a proof that is compatible with its own implementation before accepting a block as valid.

He prefers this approach because it wouldn’t abandon the “multi-client” paradigm, and an open zk-EVM infrastructure would also ensure that new clients could be developed, which would further decentralize Ethereum at the base layer.

Related: ConsenSys zkEVM set for public testnet to deliver secure settlements on Ethereum

Buterin said zkEVMs may be the solution to “The Verge,” a part of the Ethereum roadmap which aims to make verification at the base layer easier.

Buterin acknowledged that the zk-EVM infrastructure may cause data inefficiency and latency issues, however he said those challenges wouldn’t be “too hard” to overcome.

If the zk-EVM ecosystem is implemented, it would make running a full node on Ethereum even easier, Buterin explained:

“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.”

Ethereum layer-2 scaling platform Polygon has made considerable progress with its zk-EVM, having recently open-sourced its zkEVM to the Polygon mainnet on March 27, promising reduced transaction costs and increased throughput of smart contract deployments.

StarkWare, ConsenSys, Scroll, zkSync and Immutable are also deploying similar zkEVM scaling solutions.

Magazine: Attack of the zkEVMs! Crypto’s 10x moment

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto Scam Busted—Victims One Step Closer to Justice

A South Lake Tahoe man, Daniel Chartraw, 51, faces a 12-count federal indictment for wire fraud linked to a cryptocurrency trading scheme, per US Attorney Phillip A Talbert Arrested recently,

SEC Greenlights First Hybrid Bitcoin And Ethereum ETFs From Franklin Templeton, Hashdex

Amid yesterday’s crypto market slump, the US Securities and Exchange Commission (SEC) approved the first-ever dual Bitcoin (BTC) and Ethereum (ETH) index exchange-traded funds (ETFs) from Franklin

Bitcoin Price Could Rally To $178,000 If History Repeats — Here’s Why

The price of Bitcoin fell to around $92,000, Friday afternoon, December 20 after the US Federal Reserve’s rate cut triggered a sharp selloff in the crypto market However, the premier cryptocurrency

What Happened in Crypto This Week? A Crypto Crash Breakdown

The post What Happened in Crypto This Week A Crypto Crash Breakdown appeared first on Coinpedia Fintech News This is a very short and simple update on what we have witnessed this week in the

What Happened in Crypto This Week? A Crypto Crash Breakdown

The post What Happened in Crypto This Week A Crypto Crash Breakdown appeared first on Coinpedia Fintech News This is a very short and simple update on what we have witnessed this week in the

XRP Price Prediction: Donald Trump’s Fund Buying XRP, Hedera Sparks Optimism For The Tokens

The post XRP Price Prediction: Donald Trump’s Fund Buying XRP, Hedera Sparks Optimism For The Tokens appeared first on Coinpedia Fintech News With the year coming to an end, XRP is finally showing