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…The Development of ZK Rollups Zero-Knowledge rollups (ZK rollups) are still at a nascent stage. However, as the technology evolves, various methods have emerged to achieve compatibility with the Ethereum Virtual Machine (EVM). The Development of ZK RollupsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompany3 Jul 2023|RESEARCHThe Development of ZK RollupsZero-Knowledge rollups (ZK rollups) are still at a nascent stage. However, as the technology evolves, various methods have emerged to achie…
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…ZK rollups bundle multiple transactions off-chain, compute their results, and then submit a single compressed proof (ZK-SNARK) to the mainchain, which verifies the correctness of the off-chain computations without needing to process each transaction individually or reveal the actual data being computed.Key TakeawayA Zero-Knowledge (ZK) rollup is a Layer-2 scaling solution for blockchains, particularly designed to improve scalability and reduce transaction costs.Related WordsSolana Program Librar…
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…This contributes to more scalable Layer-2 solutions (like ZK rollups), where thousands of transactions can be verified with a single proof. Real-World Use Cases: Confidential DeFi protocolsPrivacy-preserving voting systemsIdentity proof without data exposure (great for Web3 logins and KYC) A Note on Current Limitations: Resource intensive: Generating and verifying ZK proofs can be computationally demanding. Developer complexity: Integrating ZK proofs requires advanced cryptographic knowledge. St…
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…Introduction to Ethereum Layer-2sLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain10 Jul 2023|INTERMEDIATE|8 MIN READIntroduction to Ethereum Layer-2sLearn all about Ethereum Layer-2 scaling technologies and how they work. Key Takeaways: The most popular types of Layer-2s on Ethereum are optimistic rollups and Zero-Knowledge rollups (ZK rollups). However, there are also other Layer-2 technologies like sidechains, plasma chains, and validiums.In general, optimistic rol…
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…Once the transaction is confirmed, the final state of the channel is added to the blockchain. Examples: Bitcoin’s Lightning Network, Ethereum’s Raiden Network Advantages Manages complex interactions. Handle extremely high transaction throughput at a very low cost. Disadvantages High cost for setup and settling channels. Funds are required to be locked up in open payment channels. Do not support open participation. Zero-Knowledge Rollups Zero-Knowledge rollups (ZK rollups) consolidate trans…
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…Once the transaction is confirmed, the final state of the channel is added to the blockchain. Examples: Bitcoin’s Lightning Network, Ethereum’s Raiden Network Advantages Manages complex interactions. Handle extremely high transaction throughput at a very low cost. Disadvantages High cost for setup and settling channels. Funds are required to be locked up in open payment channels. Do not support open participation. Zero-Knowledge Rollups Zero-Knowledge rollups (ZK rollups) consolidate trans…
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…Unlike Optimistic and ZK rollups in the Ethereum network, sovereign rollups do not utilise a settlement layer or require smart contracts. They manage their own execution and settlement, and only use the underlying Layer-1 blockchain for consensus and data availability (unlike other rollup types that rely on the blockchain to determine a rollup’s validity). In general, rollups on Bitcoin are experimental and still in their infancy; much remains to be seen in terms of applying rollups to Bitco…
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Layer-2 A succinct definition of Layer-2 Layer-2Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLAYER-2Copy linkShare on TwitterShare on FacebookShare on LinkedinLayer-2Layer-2 projects like Polygon enhance scalability by building a new computational layer to decongest the Layer-1 chain (mainchain). They aim to enable a high throughput of transactions while keeping the high level of security of the Layer-1 blockchain. The main forms of Layer-2s are optimistic rollups and Zero-Kn…
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Ethereum vs Bitcoin Cash: Comparing Two Approaches for Bitcoin’s Challenges Explore how Ethereum and Bitcoin Cash address Bitcoin’s scalability issues respectively, plus how the two cryptocurrencies compare in utility. Ethereum vs Bitcoin Cash: Comparing Two Approaches for Bitcoin’s ChallengesLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins9 May 2025|BEGINNERS|5 MIN READEthereum vs Bitcoin Cash: Comparing Two Approaches for Bitcoin’s ChallengesExplore how Ether…
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