Ethereum’s proto-danksharding to make rollups 10x cheaper – Consensys zkEVM Linea head

Share This Post

Consensys zkEVM Linea head Nicolas Liochon says speed and execution will continue to increase as it tweaks its Ethereum layer 2 scaling solution.

Zero-knowledge proof (ZK-proofs) solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of roll ups according to Consensys’ zkEVM Linea head Nicolas Liochon.

Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton during Korea Blockchain Week, Liochon estimated that proto-danksharding could further reduce rollup costs by 10 times.

Proto-danksharding, also known by its improvement proposal identifier EIP-4844, is aimed at reducing the cost for rollups, which typically batch transactions and data off-chain and submit computational proof to the Ethereum blockchain.

The Ethereum Foundation is yet to nail down an expected launch data for proto-danksharding but development and testing is still ongoing

As Liochon explained, Linea delivers 15 times cheaper transactions compared to those made on Ethereum’s layer one, but rollups are still limited by the fact that transactions are posted in calldata in Ethereum blocks.

According to Ethereum’s documentation, rollups are still expensive in terms of their potential because calldata is processed by all Ethereum nodes and the data is stored on chain indefinitely despite the fact that the data only needs to be available for short period.

EIP-4844 will introduce data blocks that can be sent and attached to blocks. The data stored in blobs is not accessible to the Ethereum Virtual Machine and will be deleted after a certain time period – which is touted to drastically reduce transaction costs.

“In reality, the cost of rollups is down to data availability. We are writing all the data to layer one which is why we have exactly the same security. But it’s expensive, it represents 95% of the cost.”

Liochon said that Linea’s prover, which essentially handles the off-chain computation that verifies, bundles and then creates a cryptographic proof of the combined transactions, only represents a fifth of the cost.

This highlights the major hurdle in making ZK-rollups the go-to scaling solution for the Ethereum ecosystem as opposed to other solutions like Optimistic rollups.

Liochon also said that Linea aims to be a general use ZK-rollup that will be used for a variety of decentralized applications and solutions within the Ethereum ecosystem. 

“We are a generic rollup. We don’t want to have a specific use case or specific domain. It’s quite important to support all type of applications, including DeFi, gaming and social.”

As Cointelegraph previously reported, Consensys has completed the launch of Linea in Aug. 2023, having onboarding over 150 partners and bridging more than $26 million in ETH.

Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Altcoin Season Coming? Top Analyst Predicts Massive Rally as BTC.D Drops

The post Altcoin Season Coming Top Analyst Predicts Massive Rally as BTCD Drops appeared first on Coinpedia Fintech News The cryptocurrency market is seeing some exciting changes, especially with

Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence

Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence Addressing the BRICS summit in Russia, Iran’s president urged

Cat-based Meme Coins To Dominate The Upcoming Altcoin Run?

The post Cat-based Meme Coins To Dominate The Upcoming Altcoin Run appeared first on Coinpedia Fintech News The Cat-based memecoins have taken over the memecoin category by storm over the past few

Why Bitcoin Price is Up Today? $273M Liquidated in Crypto Market

The post Why Bitcoin Price is Up Today $273M Liquidated in Crypto Market appeared first on Coinpedia Fintech News After signaling a potential market reversal in the past few days, Bitcoin’s

Massive $52M Hack Shakes Radiant Capital: Stolen Funds Sent to Ethereum Network

The post Massive $52M Hack Shakes Radiant Capital: Stolen Funds Sent to Ethereum Network appeared first on Coinpedia Fintech News The hacker who recently siphoned $52 million from the decentralized

Building Digital Trust: The Key Features of LayerK’s Transparent Ecosystem

The post Building Digital Trust: The Key Features of LayerK’s Transparent Ecosystem appeared first on Coinpedia Fintech News In an era where online interactions are the norm, trust has become a