🚀 ZKsync Proposes Upgrade to Reduce Gas Fees for zkSNARK Verification
#ZKsync #GasFees #zkSNARK #Upgrade #EllipticCurve #Precompilation #Cryptography #ModExp #Testnet
According to PANews, ZKsync has announced a new upgrade proposal aimed at optimizing elliptic curve precompilation and introducing a ModExp precompilation feature. This upgrade is expected to significantly reduce the gas fees for verifying typical zkSNARK proofs from approximately 6.8 million to around 370,000, marking a reduction of about 94%. The enhancement will enable elliptic curve operations such as ECAdd, ECMul, and ECPairing to be executed directly within the circuit, thereby lowering the cost of verifying ZK proofs by over 90%.
The addition of the ModExp precompilation feature is designed for rapid modular exponentiation, which is crucial for various cryptographic applications, including RSA and ZK proof verification. Importantly, developers will not need to take any action following this upgrade. Existing contracts that rely on these precompilation features will not require redeployment, as calls will automatically resolve to the new circuit implementation.
The precompilation upgrade has already been deployed on the ZKsync Era testnet.#ZKsync #GasFees #zkSNARK #Upgrade #EllipticCurve #Precompilation #Cryptography #ModExp #Testnet
🚀 Ethereum Developers Address Stability and Fork Parameters in Upcoming Devnet-5
#Ethereum #Developers #Devnet5 #Fusaka #Stability #ForkParameters #NodeDiversity #Glamsterdam #EIP7732 #EIP7928 #FOCIL #BAL #ACD #SafeHead #ModExp #StressTesting #ETH
According to PANews, Ethereum developers convened for the 218th Ethereum Execution Layer Core Developers Meeting (ACDE) to review the outcomes of Fusaka Devnet-4 and address stability issues. The meeting set priorities for the forthcoming Devnet-5, focusing on resolving discrepancies in cross-client blob fee calculations, enhancing node diversity, and unifying fork parameter logic through specification updates and static testing.
The developers decided to postpone the scheduling decisions for the Sepolia and Holesky forks until Devnet-5 is finalized, ensuring stability before public testnet releases. The Glamsterdam upgrade is progressing, with ePBS (EIP-7732) and BAL (EIP-7928) confirmed as major proposals, while other proposals like FOCIL are conditionally included.
Discussions also covered improvements to BAL specifications, a more robust ACD pre-testing process, feedback on the "Safe-Head" proposal, and consensus on ModExp repricing and contract size increases, which will undergo stress testing in Devnet-5.#Ethereum #Developers #Devnet5 #Fusaka #Stability #ForkParameters #NodeDiversity #Glamsterdam #EIP7732 #EIP7928 #FOCIL #BAL #ACD #SafeHead #ModExp #StressTesting #ETH
🚀 Vitalik Buterin Suggests EIP to Address Ethereum's Modexp Concerns
#VitalikButerin #Ethereum #Modexp #EIP #Blockchain #Cryptocurrency #EVM #GasFees #ConsensusFailure #SNARK #RSAEncryption #ForesightNews
According to Foresight News, Ethereum co-founder Vitalik Buterin has expressed concerns over Modexp, stating that it hampers Ethereum's development due to its inefficiency and complexity. Buterin warned that Modexp poses a significant risk of consensus failure within the ecosystem. He proposed the introduction of an Ethereum Improvement Proposal (EIP) to replace the precompiled code with equivalent EVM code, despite the potential increase in gas fees. Modexp is primarily used for RSA encryption and signatures, though its applications are limited. Programs utilizing this function can be encapsulated through SNARK.#VitalikButerin #Ethereum #Modexp #EIP #Blockchain #Cryptocurrency #EVM #GasFees #ConsensusFailure #SNARK #RSAEncryption #ForesightNews