Chapter
The Power of Zero-Knowledge Rollups
49:53 - 55:06 (05:12)
Rollups use proofs to ensure that computations are done properly and can support a wide range of applications, making them much more efficient than publishing every aspect of a contract onto the Ethereum blockchain.
Clips
The Ethereum blockchain can be flooded if every aspect of a long-term contract is published, so instead only the necessary information should be recorded to avoid overwhelming the network and reduce transaction fees.
49:53 - 52:05 (02:12)
Summary
The Ethereum blockchain can be flooded if every aspect of a long-term contract is published, so instead only the necessary information should be recorded to avoid overwhelming the network and reduce transaction fees.
ChapterThe Power of Zero-Knowledge Rollups
Episode#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
PodcastThe Tim Ferriss Show
Zero-knowledge rollups, such as the ones pioneered by Starkware, allow for shorter proofs that computation was done properly, significantly increasing the speed of the Ethereum blockchain to support not only payments but a broad array of applications.
52:05 - 55:06 (03:00)
Summary
Zero-knowledge rollups, such as the ones pioneered by Starkware, allow for shorter proofs that computation was done properly, significantly increasing the speed of the Ethereum blockchain to support not only payments but a broad array of applications. By combining zero-knowledge rollups with the ETH2 layer one speed up, a 10,000 times speed up in transactions can be achieved.