Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Technical Discussion => Topic started by: Yamane_Keto on August 15, 2024, 05:45:53 PM
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Blockchain research organization NEBRA is launching what it calls Universal Proof Aggregation, a technique that allows multiple, separate zero-knowledge proofs to be combined into a single, compact proof to save on blockchain verification costs.
The system is going live on Ethereum in an attempt to drive down the high costs of proof settlement. Zero-knowledge technology, a way of verifying without revealing information, is used across the blockchain sector — in places like zkVM, zkRollups and zk coprocessors.
https://www.theblock.co/post/311295/nebras-zero-knowledge-proof-aggregator-goes-live-on-ethereum-mainnet
Although Zk-SNARKs are useful for privacy-preserving smart contracts, it seems that implementing Universal Proof Aggregation will greatly help in reducing the costs of creating more projects, which means increasing the number of ZK tokens.