Vitalik: "All Rollups Will Use ZK Proofs in 10 Years"

IconCryptoNewsTerminal Staff21 May, 2024

cryptonews.jpg

Vitalik: "All Rollups Will Use ZK Proofs in 10 Years"

Ethereum co-founder Vitalik Buterin believes that all rollups will use some form of zero-knowledge (ZK) proofs in the next decade. "My personal guess is that in 10 years all rollups will use some form of zero-knowledge (ZK) proofs," Buterin said during a recent interview. "This will require a lot of infra and prover optimization work to get there, but it seems like a clear end-game." ZK proofs are a cryptographic technique that allows one party to prove to another party that they know a certain piece of information without revealing the information itself. This makes them ideal for use in rollups, which are a type of Layer 2 scaling solution for Ethereum. Rollups bundle multiple transactions together and then submit them to the Ethereum blockchain as a single transaction. This can significantly reduce the cost and latency of transactions. However, rollups currently require a trusted party to verify the correctness of the transactions. ZK proofs can be used to eliminate the need for a trusted party. This would make rollups more secure and efficient. Buterin's prediction is based on the fact that ZK proofs are becoming increasingly efficient. In recent years, there have been several breakthroughs in ZK proof technology, and this trend is expected to continue. If Buterin's prediction comes true, it will have a major impact on the Ethereum ecosystem. Rollups are already one of the most popular scaling solutions for Ethereum, and the use of ZK proofs would make them even more powerful. This would lead to a significant increase in the scalability, security, and efficiency of the Ethereum blockchain.