Optimism moves forward with two proposals to add zk-proofs | Headlines | News | CoinMarketCap
07/21/2023 20:50
Ethereum Layer 2 optimistic rollup scaling solution Optimism is moving forward with two proposals to add zero-knowledge proofs. The move aims to …
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Published on July 21, 2023 13:37 GMT+00:00edited on July 21, 2023 13:39 GMT+00:00
Ethereum Layer 2 optimistic rollup scaling solution Optimism is moving forward with two proposals to add zero-knowledge proofs. The move aims to enable secure and efficient cross-chain communication between layers and directly between OP chains.
“We're excited to share that we will be moving forward with the proposals from O(1) Labs and RISC Zero,” Optimism Foundation General Manager Bobby Dresser posted on Optimism’s Github on Thursday.
Zk-proofs are a cryptographic concept where one party (the prover) can prove to another party (the verifier) that they know a value or the truth of a statement without revealing any information beyond the fact that they know it — enhancing privacy and security in blockchain transactions.
The zk-proof proposals
Both proposals, put forward by O(1) Labs …