🚀 EY Enhances Nightfall Blockchain with Zero-Knowledge Rollup Design
#EY #Nightfall #Blockchain #ZeroKnowledgeRollup #Ethereum #TransactionFinality #DigitalSignature #SupplyChain #Privacy #Scalability #EnterpriseApplications #OpenSource #Hyperledger #Corda #Quorum #ETH
According to Cointelegraph, the Big Four accounting firm formerly known as Ernst & Young has transitioned its enterprise-focused layer 2 blockchain, Nightfall, to a zero-knowledge rollup design. This change is aimed at providing near-instant transaction finality on the Ethereum network. EY announced on April 2 that the new source code, "Nightfall_4," simplifies the network's architecture, making it more accessible to users compared to its previous optimistic rollup-based version. The shift away from optimistic rollups eliminates the need for users to challenge potentially incorrect transactions on Ethereum and endure the challenging period, thereby accelerating transaction finality.
Zero-knowledge rollups ensure that a transaction becomes final as soon as it is added into a Nightfall block, according to EY. Paul Brody, EY's global blockchain leader, stated, "This update to version four represents a major update to Nightfall, providing the same privacy and scaling that version three enabled, but now with near-instant finality and a simplified architecture." This marks the fourth major update to Nightfall since its launch in 2019, aimed at enabling EY's business partners to transfer tokens privately using Ethereum's security while being more cost-effective than the base network. Nightfall employs technology that binds a verified identity to a public key through digital signatures to mitigate counterparty risk.
Nightfall also collaborates with EY's other primary blockchain solution, OpsChain, to offer a supply chain tracking platform for financial, logistics, and manufacturing businesses. While Nightfall's code is open source on GitHub, it remains a permissioned blockchain for EY's customer base. Competitors to EY's Nightfall include IBM-backed Hyperledger Fabric, R3 Corda, and the Consensus-built Quorum. This development underscores EY's commitment to advancing blockchain technology for enterprise applications, enhancing privacy, scalability, and transaction efficiency on the Ethereum network.#EY #Nightfall #Blockchain #ZeroKnowledgeRollup #Ethereum #TransactionFinality #DigitalSignature #SupplyChain #Privacy #Scalability #EnterpriseApplications #OpenSource #Hyperledger #Corda #Quorum #ETH
🚀 StarkWare Integrates Nightfall for Confidential Blockchain Transactions
#StarkWare #Nightfall #Blockchain #ZeroKnowledge #PrivacyLayer #ConfidentialTransactions #EY #Starknet #B2BPayments #InstitutionalTransactions #KYC #TokenizedAssets #PublicBlockchain
StarkWare is integrating Nightfall, an open-source zero-knowledge privacy layer developed by one of the Big Four accounting firms, EY, into its Starknet platform. According to BlockBeats, this integration aims to facilitate confidential institutional transactions on public blockchain infrastructure.
The initiative enables institutions to conduct private B2B payments, fund operations, and tokenized asset transfers without exposing sensitive transaction details. StarkWare highlights that Nightfall supports transaction privacy by default while allowing for selective disclosure and compliance requirements, such as Know Your Customer (KYC), to meet the needs of institutional users.#StarkWare #Nightfall #Blockchain #ZeroKnowledge #PrivacyLayer #ConfidentialTransactions #EY #Starknet #B2BPayments #InstitutionalTransactions #KYC #TokenizedAssets #PublicBlockchain
🚀 COTI to Launch Ethereum-Based Privacy Solution
#COTI #Ethereum #PrivacySolution #ZeroKnowledge #ZKRollup #Nightfall #Blockchain #Crypto #Tokenization #RWA #KYC #AML #Mainnet #Testnet #EnterpriseBlockchain #ETH
COTI has announced the upcoming launch of COTI Nightfall, an enterprise-grade zero-knowledge (ZK) Rollup privacy solution based on Ethereum. According to Foresight News, the testnet is expected to go live soon, with the mainnet deployment anticipated in late 2026.
The technology behind COTI Nightfall originates from the Nightfall protocol, developed and open-sourced by EY in 2019. It includes built-in KYC/AML compliance features and is primarily aimed at institutional workflows, tokenization of real-world assets (RWA), and regulated payment scenarios. This solution will operate alongside COTI's existing Garbled Circuits mainnet, creating a dual-mainnet architecture. Both chains will be powered by the COTI token, with the maximum supply cap remaining unchanged and no new tokens being issued.#COTI #Ethereum #PrivacySolution #ZeroKnowledge #ZKRollup #Nightfall #Blockchain #Crypto #Tokenization #RWA #KYC #AML #Mainnet #Testnet #EnterpriseBlockchain #ETH