bitcoin
Bitcoin (BTC) $ 82,333.06
ethereum
Ethereum (ETH) $ 2,103.36
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 562.34
xrp
XRP (XRP) $ 2.17
cardano
Cardano (ADA) $ 0.730624
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.228169
binance-usd
BUSD (BUSD) $ 0.997941
dogecoin
Dogecoin (DOGE) $ 0.173764
okb
OKB (OKB) $ 41.60
polkadot
Polkadot (DOT) $ 4.17
shiba-inu
Shiba Inu (SHIB) $ 0.000013
tron
TRON (TRX) $ 0.23659
uniswap
Uniswap (UNI) $ 6.68
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,257.04
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 96.54
staked-ether
Lido Staked Ether (STETH) $ 2,105.60
solana
Solana (SOL) $ 127.31
avalanche-2
Avalanche (AVAX) $ 18.50
chainlink
Chainlink (LINK) $ 13.86
cosmos
Cosmos Hub (ATOM) $ 3.97
the-open-network
Toncoin (TON) $ 2.76
ethereum-classic
Ethereum Classic (ETC) $ 18.54
leo-token
LEO Token (LEO) $ 9.89
filecoin
Filecoin (FIL) $ 2.90
bitcoin-cash
Bitcoin Cash (BCH) $ 365.72
monero
Monero (XMR) $ 211.62
bitcoin
Bitcoin (BTC) $ 82,333.06
ethereum
Ethereum (ETH) $ 2,103.36
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 562.34
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.17
binance-usd
BUSD (BUSD) $ 0.997941
dogecoin
Dogecoin (DOGE) $ 0.173764
cardano
Cardano (ADA) $ 0.730624
solana
Solana (SOL) $ 127.31
matic-network
Polygon (MATIC) $ 0.228169
polkadot
Polkadot (DOT) $ 4.17
tron
TRON (TRX) $ 0.23659
HomeCryptoEthereumEthereum considers Poseidon hash to boost zero-knowledge proof efficiency

Ethereum considers Poseidon hash to boost zero-knowledge proof efficiency

Ethereum co-founder Vitalik Buterin is advocating for deeper analysis into the Poseidon hash perform because the community explores methods to enhance zero-knowledge (ZK) proof effectivity.

In a Feb. 26 submit on X, Buterin inspired cryptographers to take part in a safety evaluation program for Poseidon whereas quoting a message that prolonged the funding utility deadline to March 15.

He said:

“We’re severely contemplating migrating Ethereum to the Poseidon hash to optimize zk-prover friendliness, so having extra details about its safety properties is extraordinarily excessive worth.”

What’s Poseidon?

Poseidon is a cryptographic hash perform designed particularly for zero-knowledge purposes.

Not like conventional hash features similar to SHA-256, Poseidon is optimized for zero-knowledge (ZK) proofs, a cryptographic approach that permits transactions to be verified with out revealing delicate particulars.

ZK proofs have gotten more and more essential in Ethereum’s scaling efforts, notably for rollups that course of transactions off-chain earlier than finalizing them on the principle blockchain. Poseidon’s effectivity might scale back computational prices, making these options sooner and extra accessible.

In line with Poseidon Cryptanalysis:

“Poseidon hash perform has been utilized in quite a few Ethereum purposes that take care of verifiable computation. It’s among the many high performers at current STARK benchmarks by StarkNet, which makes it a promising candidate for the use at Ethereum L1 for numerous protocols that make use of ZK proofs.”

Group reactions

Whereas some within the crypto area view Poseidon’s potential adoption as a optimistic step for Ethereum’s effectivity, others have raised considerations.

Ye Zhang, a co-founder of the Ethereum Layer 2 mission Scroll, questioned whether or not Poseidon’s benefits outweigh its trade-offs.

See also  Expert Identifies Pattern That Could Pump Ethereum to $7k

Zhang identified that Poseidon’s numerous configurations might restrict SNARK decisions, making it much less versatile. He additionally famous that Poseidon is considerably slower than alternate options like Blake and Keccak, which might create bottlenecks until Layer 2 options alter for compatibility.

Zhang added that Scroll initially used Poseidon however would revert to the Merkle Patricia Tree (MPT) with Keccak in a future improve as a result of efficiency concerns.

Talked about on this article
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular News