Cathie Wood, founder of investment firm Ark Invest, was optimistic about the recent initiatives the Ethereum Foundation (EF) took to climb the network.
In a June 13 publication, Wood said:
“While we can’t say we understand all the details here, the Ethereum Foundation appears to be proposing the right steps for scalability and privacy to maintain leadership in the institutional world.”
Cathie Wood, founder of Ark Invest.
As explained by Cryptonoticias, at a meeting held on June 30th, Justin Drake, Ethereum’s leading collaborator and one of EF member Justin Drake, detailed the EF proposal that promises to climb the network.
These initiatives They are based on two technologies: Ethereum main network based on Virtual Zero Knowledge Machine (ZKVM) and use of actual time tests (ZKVM) (L1)Real-time proofEnglish), Actual time verification system.
ZKVM allows transactions to process and verify transactions with encryption tests Talkit allows validators Check the validity of a block without performing all operationsreduces calculation load.
Drake sampled the availability of data (DAS) to validate these tests and demonstrate that they could verify the data, avoiding full block downloads.
For them, the actual test is implied Generate encryption verification as soon as the transaction is processedaims to eliminate latency and improve network efficiency.
This is important for L1 to become ZKL1 (layer 1 based on zero knowledge). This is a model that promises to combine high scalability with privacy, security and decentralization.
Furthermore, Drake emphasized Distribute this process to avoid reliance on data centers.
The Ethereum Foundation promises to climb the basic layers of its ecosystem
In a statement on July 10, the Ethereum Foundation details the standardized definition of «.Real-time proof» Zero Knowledge (ZKVM) virtual knowledge teams now operate in the same direction.
This approach attempts to optimize the main network of Ethereum and establishes ZKVM You must reach a security level of 128 bits (The standard that measures the difficulty of destroying cryptographic systems, which corresponds to requiring 2^128 operations, which are considered robust in the long run). However, he initially accepts 100 bits to address the initial technical challenges.
test They should be limited to 300 kiv (Kibibyte is a digital storage unit), avoiding recursive wrappers using trust configurations (a method that relies on predefined, potentially vulnerable secret keys), and adjusting requirements as verification times are reduced.
EF defines «real timeLike » Up to 10 secondsConsidering the time of slot (12 seconds fixed interval when Ethereum generates new blocks) and 1.5 seconds of data propagation. I’m waiting for ZKVM to at least verify 99% of the blocks in the main network within that period.
To ensure that L1 Ethereum is always operational, accessible and resistant to censorship, the Ethereum Foundation promotes.Home proof«.
This model allows individual valiters to use their own hardware to manage validation of transactions from home, reducing the dependency of centralized data centers.
Finally, according to EF, this approach means USD Maximum Expenses For the equipment being verified, it is a cost that does not specify whether it is annual maintenance or whether it is an initial investment necessary to obtain hardware and required stakes.