TL;DR
- Ethereum launched Ethproofs.org, a platform to analyze and improve the performance of zkEVM protocols and advance toward full validation with zk-SNARKs.
- Ethproofs aims to reduce block validation times from 20 minutes to 12 seconds by 2025, enhancing the network’s scalability and security.
- The Ethereum Foundation is also preparing the Pectra upgrade in March, optimizing speed and data handling.
Ethereum has announced the launch of Ethproofs.org, a platform designed to analyze and enhance the performance of zkEVM protocols on its network.
The goal is to accelerate the adoption of zk-SNARKs, a technology that enables more efficient and secure block validation. Ethproofs.org will evaluate the performance of zero-knowledge virtual machines (zkVMs) using real Ethereum blocks, marking significant progress toward full validation with zk-SNARKs on every block of the network.
Optimizing Network Capabilities
Currently, Ethereum blocks using this technology are limited to specific intervals, resulting in longer validation times than desired. With Ethproofs, these times are expected to decrease progressively, from 20 minutes to two minutes for specific blocks by 2025. The ultimate goal is to achieve validations in less than 12 seconds, matching the average block creation time on the network. This improvement would have a substantial impact on ETH’s scalability, security, and overall efficiency.
To achieve these objectives, the platform is already working with proofs generated on single machines. However, more advanced setups, such as GPU clusters, are planned for the future to drastically reduce proof generation times. These technical advancements will strengthen Ethereum’s capacity to handle a higher volume of transactions without compromising decentralization or security.
Ethereum Prepares for the Pectra Upgrade
At the same time, the Ethereum Foundation has taken steps to strengthen its presence in the DeFi ecosystem. This includes creating a dedicated account with 50,000 ETH for testing on platforms like Kraken. These actions complement the upcoming Pectra upgrade, scheduled for March, which will improve the network’s speed and optimize data handling.
The market has responded positively to these developments. Over the past 24 hours, ETH’s price saw a slight increase of 0.9%, reaching $3,163 per unit. Many investors are anticipating a positive impact on ETH’s value following the implementation of these upgrades. Ethproofs and the Pectra update promise to transform the network into a faster, more scalable platform ready to meet future demands
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