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Home»Blockchain»Nil Foundation plans new Ethereum package with zero-knowledge proofs and sharding
Blockchain

Nil Foundation plans new Ethereum package with zero-knowledge proofs and sharding

2023-11-08No Comments1 Min Read
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Ethereum research and development company Nil Foundation announced Tuesday that it is coming up with its own rollup network, called “zkSharding.”

The foundation says the new network will be Ethereum’s first ZK rollup to enable sharding – an alchemy that combines two popular scaling technologies: zero-knowledge proofs and sharding. The combination should enable composability without compromising the security of the network, according to a press release.

The package will use zero-knowledge proofs – a type of cryptography that has become one of the hottest trends in blockchain technology of 2023 – to validate transactions from these shards, before submitting those proofs to the primary Ethereum network.

“We are trying to bring that long-promised sharding that has been on the roadmap for a while, but in a non-invasive way,” said Misha Komarov, the CEO and co-founder of Nil Foundation. told CoinDesk in an interview.

Read more: Much ado about =Zero;

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See also  Wall Street insiders are hopeful about the new banking infrastructure built on blockchain
Ethereum Foundation Nil package Plans proofs Sharding Zeroknowledge
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