The team migrated the POL token contract to the Ethereum network, paving the way for it to replace MATIC in the future. Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an October 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC. However, the…
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The fourth episode sees StarkWare president Eli Ben-Sasson and Giza co-founder Cem Dagdelen explore the role of AI in smart contracts. From the international stage at Davos to the soccer fields of Bedford, the Decentralize with Cointelegraph podcast dives into the nuances of crypto and blockchain, and how they intersect with everyday life. One promising…
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ZK proofs could help online privacy by only revealing relevant user information, solving the internet’s “biggest problem,” says Brennen Schlueter. Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today — privacy, according to one cryptocurrency executive. Speaking with Cointelegraph at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused…
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Zero-knowledge rollups hold great promise for scaling blockchains, but the technology requires certain provisions to ensure its success. Zero-knowledge proofs have been hailed as a major advancement for blockchain technology, but the efficacy of these protocols will require streamlined data availability solutions to unlock their full potential. Anurag Arjun, co-founder of Polygon and blockchain data…
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Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer. Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain. Buterin…
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Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin. Bitcoin (BTC) users will soon be able to use zero-knowledge proofs (ZK-proofs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain. ZeroSync Association, a Swiss-based nonprofit, is developing tooling which allows users to validate the…
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A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling. Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, are set to launch March 24 on zero-knowledge proof roll-up zkSync Era.…
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Ethereum co-founder Vitalik Buterin published a research post that suggests using stealth addresses to enhance privacy-preserving transfers. Buterin detailed that stealth addresses can be implemented fairly quickly today on Ethereum and would significantly boost user privacy on the blockchain network. Buterin Suggests Stealth Addresses as a Solution to the Privacy Challenges in Ethereum Ecosystem Three…
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While the concept of stealth addresses appears complex in theory, Buterin previously described it as a “low-tech approach” compared to other Ethereum privacy solutions. Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy. In a blog post on Jan. 20, Buterin acknowledged…
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Zero-knowledge proofs are probabilistic assessments that take efficiency of portable digital identity solutions to the next level. Web engineers have been working for a long time to determine if there is a way to prove something is true without revealing any data that substantiates the claim. Zero-knowledge proof (ZKP) technology has enabled the deployment of…
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