Vitalik Proposes The Use of zk-SNARKs to Scale Ethereum to 500 Transactions

[fitload]

A form of cryptography pioneered by zcash might help scale Ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday.

According to Vitalik Buterin by using the zk-Snarks tech the Ethereum network could potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma or Raiden.

He wrote:

“There are two classes of user: (i) transactor, and (ii) relayer. A relayer takes a set of operations from transactors, and combines them all into a transaction and makes a ZK-SNARK to prove the validity, and publishes the ZK-SNARK and the transaction data in a highly compressed form to the blockchain. A relayer gets rewarded for this by transaction fees from transactors.”

Buterin further describes the method of the same, which includes a “relayer” node, a kind of computer that...

Read More: https://news.bitzamp.com/vitalik-proposes-the-use-of-zk-snarks-to-scale-ethereum-to-500-transactions-per-second/

[tamango]

It's a very interesting solution that can be a valid alternative of Raiden network, However it has to be tested hard before an implementation.