Electron 1 year Roundup
Electron reduces the cost of verifying TEE & ZK proofs by 95%.
We do this by aggregating multiple proofs into a single superproof, which splits the verification cost among multiple projects.
We've been building for a year & it's time for a roundup!
Electron 1 year Roundup
Electron reduces the cost of verifying TEE & ZK proofs by 95%.
We do this by aggregating multiple proofs into a single superproof, which splits the verification cost among multiple projects.
We've been building for a year & it's time for a roundup!
The endgame for zk-proof verification is coming to Ethereum with Electron. Learn how in this exclusive X space with founders from both Legion and @ElectronZK!
Expand this thread to save the date/time now ๐ป
Electron is coming to @legiondotcc soon.
For too long VC's have taken advantage of the avg investor. Not anymore. It's Time for ICO 2.0
Stay tuned for updates.
Electron is coming to @legiondotcc soon.
For too long VC's have taken advantage of the avg investor. Not anymore. It's Time for ICO 2.0
Stay tuned for updates.
We are working with @SuccinctLabs to bring our proof aggregation layer, Quantum, to SP1 developers, reducing verification costs by 95%.
You can now verify your proofs in <14K gas
Electron is expanding into TEEs. Going forward, we will support TEE aggregation as well, along with ZK.
Why TEE's? A thread ๐งต
TEEs are enabling a new & unique class of applications based on a special cryptographic property => Performing computations on encrypted private data
We are delighted to work with @zerobasezk as we together move towards massive reduction of costs in the web3 stack, enabling both ZK and TEE proofs to be verified super cheaply on *any* chain.
ElectronZK is working with @fermah_xyz to revolutionize ZK proof infrastructure with faster, cheaper, and more reliable aggregation โก๏ธ
Let's dive inโฆ
Are you a builder in the @NexusLabs ecosystem?
If yes, Electron is bringing it's proof aggregation technology to you. Starting today, you will be able to leverage cheaper proof verification on major L1's such as Ethereum, Bitcoin and more.
With cost reduction upto 95%, you can pass the savings to your users, or bolster security by settling your rollup more frequently. The choice is yours!
Reporting Live numbers for Proof Verification Costs on Ethereum
Direct On-chain : $77.99
Using Electron: $11.14
~86% reduction
Track here: https://t.co/vks3kJm5lf
๐๐๐๐๐ถ๐ป๐ด ๐ญ๐ ๐ฝ๐ฟ๐ผ๐ผ๐ณ ๐๐ฒ๐ฟ๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐ฐ๐ผ๐๐ ๐ฏ๐ ๐ต๐ฑ%
$47M was spent on proof verification for ZK rollups on Ethereum in 2023 alone, and the number of ZK proofs that need to be verified continues to rise.
It's time to dump cost to 0.
๐๐ผ๐? ๐๐ฒ๐ ๐บ๐ฒ ๐ฒ๐ ๐ฝ๐น๐ฎ๐ถ๐ป. โ
Cost efficient proof verification infra that can handle this critical function at scale and provide it as a service to networks and apps, is absolutely crucial to successfully scale Web3.
@ElectronZK's Quantum, a universal ZK proof aggregator, is exactly that.
โค ๐ช๐ง๐ ๐ถ๐ ๐ค๐๐ฎ๐ป๐๐๐บ?
Quantum leverages ZK recursion to aggregate proofs from different protocols and across different proving schemes.
These are subsequently aggregated into a single Superproof.
This Superproof is then verified on Ethereum, amortizing the cost of verification among protocols and enabling cheap proof verification for any individual protocol.
It is the first aggregation solution compatible with @boundlesshq.
โค ๐ช๐ง๐ ๐ถ๐ ๐๐ผ๐๐ป๐ฑ๐น๐ฒ๐๐?
Boundless by @RiscZero is a full-stack ZK solution, enabling verifiable compute for every developer, across any blockchain.
It preserves the core ethos of blockchains (decentralization and censorship resistance), while eliminating the constraints that have held devs back and allowing us to break beyond block limits of Ethereum.
The Boundless stack streamlines ZK development and handling ZK proving, aggregation, and verification under the hood (see visual for more details).
Boundless also provides a powerful suite of R0 zkVM based components, built on the RISC-V instruction set, that allow devs to build in mature and familiar languages, including Rust and some popular Web2 languages.
This includes:
- Steel (ZK Co-Processor)
- Blobstream Zero (ZK-powered DA bridge)
- Zeth (ZK block prover for Ethereum)
โค ๐ช๐ต๐ ๐ฑ๐ผ๐ฒ๐ ๐ฎ๐น๐น ๐ผ๐ณ ๐๐ต๐ถ๐ ๐บ๐ฎ๐๐๐ฒ๐ฟ?
Developers that build the next generation of Web3 apps with Boundless, will have access to Electron's highly scalable proof aggregation layer, which offers up to 95% reduction in proof verification costs on Ethereum, enabling verification in <14K gas.
Already 6000 Superproofs have been verified on Ethereum, saving a total $750k in gas fees for verification to date (see visual for more details).
Currently, the gas cost saved per proof amounts to 87.5%. While direct verification on Ethereum for one proof would cost to >$34, Quantum allows for verification at roughly $4.20.
With each new protocol that is added to the Quantum aggregator, cost gets further reduced for each individual integrator, as the Superproof verification cost is shared among protocols.
The ZK endgame is approaching quickly anon.
Study @ElectronZK
Study @boundlesshq
Study @RiscZero
Fact: Proof verification is trรฉs expensive
With $60 million paid by ZK projects so far, we desperately need to make this cheaper.
We are fixing this for all @RiscZero projects, today. Proof aggregation has arrived.
We are thrilled to announce that we have joined The #ZkBoost Consortium as a founding member. We look forward to collaborating with the industry giants to standardised proof generation and streamline ecosystem development.
Looking forward to many years of collaborating! ๐๐
We are brewing something super cool with @RiscZero and this will be the first time I talk about it publically.
Will be giving a closer look at how projects using RiscZero can achieve a 95% reduction in proof verifications costs.
Join us next Tuesday for drinks, good food, & networking in NYC (from Oct 1, 5:30 - 8:30 PM) co-hosted with @ZKVProtocol and @Hadronfc.
Learn, connect, & discuss ZK with us!
๐
https://t.co/29VmTuXztg
Weโre excited to introduce Utsav (@utsavjnn), from Electron Labs, who will be joining Invisible Garden as a mentor! Utsav will be teaching ZK infrastructure to our community. Join us at https://t.co/JdURWOf88h ๐