Ethereum’s proto-danksharding to make rollups 10x cheaper — Consensys zkEVM Linea head

0

[ad_1]

Zero-knowledge (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensys’ zkEVM Linea head Nicolas Liochon.

Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton during Korea Blockchain Week, Liochon estimated that proto-danksharding could further reduce rollup costs by 10 times.

Proto-danksharding, also known by its Ethereum Improvement Proposal (EIP) identifier EIP-4844, is aimed at reducing the cost of rollups, which typically batch transactions and data off-chain and submit computational proof to the Ethereum blockchain.

The Ethereum Foundation has yet to nail down an expected launch date for proto-danksharding, but development and testing are still ongoing.

As Liochon explained, Linea delivers 15 times cheaper transactions compared to those made on Ethereum’s layer 1, but rollups are still limited by the fact that transactions are posted in call data in Ethereum blocks.

According to Ethereum’s documentation, rollups are still expensive in terms of their potential because call data is processed by all Ethereum nodes and the data is stored on-chain indefinitely despite the fact that the data only needs to be available for a short period of time.

EIP-4844 will introduce data blocks that can be sent and attached to blocks. The data stored in blocks is not accessible to the Ethereum Virtual Machine and will be deleted after a certain time period, which is touted to drastically reduce transaction costs.

“In reality, the cost of rollups is down to data availability. We are writing all the data to layer 1, which is why we have exactly the same security. But it’s expensive; it represents 95% of the cost.”

Liochon said that Linea’s prover, which essentially handles the off-chain computation that verifies, bundles, and then creates a cryptographic proof of the combined transactions, only represents a fifth of the cost.

This highlights the major hurdle in making ZK-rollups the go-to scaling solution for the Ethereum ecosystem as opposed to other solutions like Optimistic Rollups.

Liochon also said that Linea aims to be a general-purpose ZK-rollup that will be used for a variety of decentralized applications and solutions within the Ethereum ecosystem.

“We are a generic rollup. We don’t want to have a specific use case or specific domain. It’s quite important to support all types of applications, including DeFi, gaming and social.”

As Cointelegraph previously reported, Consensys completed the launch of Linea in August 2023, having onboarding over 150 partners and bridging more than $26 million in Ether (ETH).

Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable

[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 65,843.00
ethereum
Ethereum (ETH) $ 1,773.63
tether
Tether (USDT) $ 0.999380
bnb
BNB (BNB) $ 612.64
xrp
XRP (XRP) $ 1.22
usd-coin
USDC (USDC) $ 0.999715
solana
Solana (SOL) $ 73.00
tron
TRON (TRX) $ 0.317855
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
hyperliquid
Hyperliquid (HYPE) $ 67.12
dogecoin
Dogecoin (DOGE) $ 0.087026
usds
USDS (USDS) $ 0.999669
leo-token
LEO Token (LEO) $ 9.78
zcash
Zcash (ZEC) $ 514.60
rain
Rain (RAIN) $ 0.013715
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
stellar
Stellar (XLM) $ 0.209582
cardano
Cardano (ADA) $ 0.176084
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00
monero
Monero (XMR) $ 348.02
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
canton-network
Canton (CC) $ 0.164446
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,466.93
whitebit
WhiteBIT Coin (WBT) $ 53.95
chainlink
Chainlink (LINK) $ 8.17
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.68
wrapped-eeth
Wrapped eETH (WEETH) $ 2,465.31
usd1-wlfi
USD1 (USD1) $ 0.999934
susds
sUSDS (SUSDS) $ 1.08
ethena-usde
Ethena USDe (USDE) $ 0.999438
bitcoin-cash
Bitcoin Cash (BCH) $ 221.71
dai
Dai (DAI) $ 0.999756
memecore
MemeCore (M) $ 2.93
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
hedera-hashgraph
Hedera (HBAR) $ 0.081900
litecoin
Litecoin (LTC) $ 45.49
sui
Sui (SUI) $ 0.781100
weth
WETH (WETH) $ 2,268.37
near
NEAR Protocol (NEAR) $ 2.37
hashnote-usyc
Circle USYC (USYC) $ 1.13
lab
LAB (LAB) $ 9.64
usdt0
USDT0 (USDT0) $ 0.998824
shiba-inu
Shiba Inu (SHIB) $ 0.000005
avalanche-2
Avalanche (AVAX) $ 6.77
crypto-com-chain
Cronos (CRO) $ 0.061875
paypal-usd
PayPal USD (PYUSD) $ 0.999986
global-dollar
Global Dollar (USDG) $ 0.999880
tether-gold
Tether Gold (XAUT) $ 4,292.21
bittensor
Bittensor (TAO) $ 259.70
Shares