🚀 Ethereum Foundation Explores SNARK-Based Layer1 Expansion
#Ethereum #Layer1 #SNARK #gaslimit #EVM #scaling #mainnet #blockchain #crypto #consensus #ETH
According to BlockBeats, on September 5, Ethereum Foundation core researcher Justin Drake addressed the future of Ethereum Layer1 expansion during the foundation's 12th AMA session. When asked about plans for further expanding Ethereum Layer1 as Layer2 solutions mature, Drake outlined the foundation's long-term sustainable strategy involving SNARK technology to enhance the mainnet's EVM execution without limitations.
Drake explained that by implementing real-time L1 EVM SNARKing, verifiers can validate cost-effective SNARKs instead of naively re-executing EVM transactions. This approach would enable the mainnet to significantly increase the gas limit without burdening verifiers. The heavy EVM execution tasks would occur outside the consensus, managed by specialized nodes operated by entities such as searchers, builders, and explorers. Consequently, users and consensus participants could easily run their nodes on mobile devices or smartwatches.
In addition to the vertical scaling benefits from substantially increasing the L1 EVM gas limit, there is also the potential for arbitrary horizontal scaling using EVM-in-EVM precompiles. This method allows for low-cost verification of EVM execution within the EVM itself. Developers could programmatically launch new L1 EVM instances, unlocking a boosted version of execution sharding with an unlimited number of shards, as opposed to a capped number of 64 or 1024 shards. Each shard would function as a programmable rollup with customizable governance, ordering, and gas, referred to as 'native rollups.'#Ethereum #Layer1 #SNARK #gaslimit #EVM #scaling #mainnet #blockchain #crypto #consensus #ETH
🚀 Vitalik Buterin Calls For Phasing Out Groth16 Algorithm
#VitalikButerin #Groth16 #SNARK #Blockchain # trustedsetup #PLONK #CryptoInfrastructure #CryptoInnovation
According to PANews, Vitalik.eth recently tweeted about the need to accelerate the phasing out of the Groth16 algorithm's trusted setup. He argued that having separate trusted setups for each application is outdated in the 2020s. Instead, he suggested adopting at least a universal setup, with the ideal scenario being no setup required at all. Vitalik emphasized the necessity for significant improvements in infrastructure and the standardization of new SNARK algorithms. He also referenced Alin Tomescu's view that Groth16's trusted setup is cumbersome and highlighted the importance of understanding alternatives like PLONK.#VitalikButerin #Groth16 #SNARK #Blockchain # trustedsetup #PLONK #CryptoInfrastructure #CryptoInnovation
🚀 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