Note that Step 3 relies on fundamentally the same economic security assumptions as zkPorter.
If we do our job properly, it won't be necessary at all, and the L1 will remain resilient against dishonest majorities at all times:
https://t.co/FOwqdN5ph7
This plan will:
* Make rollups cheaper in the very near term, possibly before Christmas (lowering the costs ~5x).
* Enable resilient yet practically limitless scalability far into the future (data availability sampling).
In between, zkPorter will provide additional relief.
1/ Great point: validity proofs turn even today's Ethereum into green tech! 🌲🥬🍏💚
Much more so after ETH 2.0.
This applies especially strong to @zksync (b/c of zkPorter).
Here is how, in a nutshell: 🧵👇
But ser, ZK rollups are live and welcoming newcomers!
The burn is crucial for the security and resilience of the consensus layer and its native crypto asset (used as collateral elsewhere). This is the main and sole job of L1, which Ethereum is doing better than anyone else.
@PapiniShahar@life_smol @smalltime_anon @zksync@zksync has its own ZK-optimized VM. EVM bytecode is compiled into it with the full power of LLVM optimizer and tooling.
Besides, we still support Zinc if you prefer a Rust-like language.
There will be clearly documented exceptions, but if the code compiles without warnings, this means it will preserve its exact L1 behaviour.
This will be the case for the vast majority of projects, especially for Defi and NFTs use cases.
Thank you for your trust!!! ❤️
@zksync will always stand for Ethereum values:
➤ Inclusion = permissionless access.
➤ Fairness = security via pure math.
➤ Resilience = community ownership.