Blockchain infrastructure & scaling updates
Short notes on L1 and L2 roadmaps, consensus changes, validator economics, MEV and scaling milestones.
💡 When combined with the blockchain, zkSNARKs & zkSTARKs are disruptive:
🌍 zkLocus: geolocation RWA
🏥 zkSafeZones: Safeguarding civilians in warzones. Proposing to UN and ICRC
⚖️ Automated legal compliance on-chain
🕵️ Privacy-preserving AI systems
🛠️
🕰️ Compared to the Ethereum EVM's Linear Verifiable Computational Model (LVCM), zkSNARKs & zkSTARKs offer a Constant one (CVCM)
⚡ Verification time: O(1) vs. O(n)
🌪️ Scalability: ♾️ vs. 📈
⛓️ Interoperability: 🌉 vs. 🚧
🌟 The implications of ZK are PROFOUND!
🕰️ Compared to the Ethereum EVM's Linear Verifiable Computational Model (LVCM), zkSNARKs & zkSTARKs offer a Constant one (CVCM)
⚡ Verification time: O(1) vs. O(n)
🌪️ Scalability: ♾️ vs. 📈
⛓️ Interoperability: 🌉 vs. 🚧
🌟 The implications of ZK are PROFOUND!
🌿 Thanks to their RECURSIVE properties, zkSNARKs & zkSTARKs enable INFINITE SCALABILITY ♾️
🧩 You can COMPRESS 1000s of proofs into a SINGLE one
⏳ Verification time remains ~CONSTANT
💰 Gas costs are SLASHED
🔥 This is the power of ZKP! 🔥
🌿 Thanks to their RECURSIVE properties, zkSNARKs & zkSTARKs enable INFINITE SCALABILITY ♾️
🧩 You can COMPRESS 1000s of proofs into a SINGLE one
⏳ Verification time remains ~CONSTANT
💰 Gas costs are SLASHED
🔥 This is the power of ZKP! 🔥
✅ Generating the proof = Executing the computation
🔍 Verifying the proof = Checking the computation's correctness
⏰ Verification is ~CONSTANT time, regardless of computation complexity
🚀 How do you think this affects SCALABILITY? 💫
Ever wondered how zkSNARKs & zkSTARKs ACTUALLY work under the hood? 🤔
🔐 These ZeroKnowledge protocols offer a novel way to PROVE computations without revealing the computation itself! 🤯
⛓️ Native match with blockchain
(a thread 🧵)
🔐 The era of PRIVATE, VERIFIABLE, PROGRAMMABLE and TRUSTLESS computation is upon us! 👇
https://illya.sh/blog/posts/zksnark-zkstark-verifiable-computation-model-blockchain/
🌍 But the potential of zkSNARKs & zkSTARKs goes BEYOND blockchain!
🏥 zkSafeZones: Safeguarding civilians in warzones:
⚖️ Automated on-chain legal compliance
👁️ Privacy-preserving AI surveillance
🧪 Built on zkLocus + Mina Protocol blockchain
⛑️ Proposing to UN and ICRC
🌍 But the potential of zkSNARKs & zkSTARKs goes BEYOND blockchain!
🏥 zkSafeZones: Safeguarding civilians in warzones:
⚖️ Automated on-chain legal compliance
👁️ Privacy-preserving AI surveillance
🧪 Built on zkLocus + Mina Protocol blockchain
⛑️ Proposing to UN and ICRC
⏳ Time complexity comparison: EVM vs. zkSNARKs/zkSTARKs
🧮 Execution: EVM is faster due to simple VM emulation
🔍 Verification: ZK proofs shine with constant O(1) vs. EVM's linear O(n)
💡 This is why ZK L2 solutions are BOOMING on Ethereum!
🤯 The implications are MASSIVE!
🧪 Mina Protocol blockchain and it's native token $MINA operate on this architecture
📍zkLocus leverages this technology to turn geolocation into a RWA, by enabling private, verifiable and programmable geolocation sharing
🚀 zkSNARKs & zkSTARKs offer a Constant Verifiable Computational Model (CVCM)
⚡ Verification time is CONSTANT - O(1), regardless of computation complexity
💡 Contrast this with the EVM's Linear VCM (LVCM), where verification grows LINEARLY with instructions - O(n)
♾️ The recursive nature of zkSNARKs & zkSTARKs enables INFINITE SCALABILITY
🌿 Imagine compressing 1000s of computations into a SINGLE proof
⏰ Verification time remains ~CONSTANT
💰 Gas costs are DRASTICALLY reduced
🔥 This is the power of ZKP! 🔥
Mina Protocol blockchain aces it 💪
🤯 The implications are MASSIVE!
🧪 Mina Protocol blockchain and it's native token $MINA operate on this architecture
📍zkLocus leverages this technology to turn geolocation into a RWA, by enabling private, verifiable and programmable geolocation sharing
🚀 zkSNARKs & zkSTARKs offer a Constant Verifiable Computational Model (CVCM)
⚡ Verification time is CONSTANT - O(1), regardless of computation complexity
💡 Contrast this with the EVM's Linear VCM (LVCM), where verification grows LINEARLY with instructions - O(n)
🤔 What makes a computation VERIFIABLE?
✅ In zkSNARKs & zkSTARKs, provers generate proofs of computations, while verifiers check their correctness
🔒 This model supports PRIVATE inputs, unlike the EVM
🌍 It's not limited to blockchain - zkLocus showcases off-chain use cases
zkSNARKs & zkSTARKs: Disrupting Verifiable Computation
Explore how these #ZeroKnowledge protocols SURPASS the #EVM's model, opening a world of possibilities for #Web3 applications
Deep dive ARTICLE
Let's unravel the key insights
🤯 Zero-Knowledge cryptography is how the blockchain will connect to the outside world. As the ZK field matures, so will the blockchain use cases. Two computation models that were meant for each other.
#zk #blockchain #evm #crypto #mina #Bitcoin #smartcontracts
🌐 In conclusion, it's essential to understand the technical and operational differences between BRC-20 and ERC-20. While the ecosystem around BRC-20 will continue to evolve, it is unlikely that it will supersede smart-contract based DeFi
📚 A detailed explanation of what BRC-20 are and how they work can be found on this thread:
https://illya.sh/threads/@1684348771-1.html
BRC20 Ordinals Inscriptions Bitcoin
🚀 BRC-20 is also less efficient than ERC-20. Any mildly complex system built around BRC-20 heavily relies on caching. In contrast, ERC-20 is extremely efficient, cryptographically protected, and operates seamlessly on the blockchain
🛠️ Any DeFi ecosystem built around BRC-20 will need off-chain tools. This requirement brings in a level of centralization and potential vulnerability. On the other hand, with ERC-20, everything is fully stored and operated on the blockchain
🛠️ Any DeFi ecosystem built around BRC-20 will need off-chain tools. This requirement brings in a level of centralization and potential vulnerability. On the other hand, with ERC-20, everything is fully stored and operated on the blockchain
🚧 Contrary to popular belief, BRC-20 isn't fully on the Bitcoin blockchain. Yes, the text is stored as part of Taproot Bitcoin transactions, but Bitcoin isn't aware of BRC-20s. You need an external, off-chain tool to parse and calculate balances
🚧 Contrary to popular belief, BRC-20 isn't fully on the Bitcoin blockchain. Yes, the text is stored as part of Taproot Bitcoin transactions, but Bitcoin isn't aware of BRC-20s. You need an external, off-chain tool to parse and calculate balances
🪙 BRC-20 doesn't limit the minting of tokens. There is no way of knowing wether a token has been fully minted without parsing every “mint” text record. Conversely, ERC-20 ensures that only a predetermined amount of a token can exist, providing a more controlled ecosystem.
🤔 It's crucial to understand what these tokens are. BRC-20 is essentially a piece of text, whereas ERC-20 is a computer program. BRC-20's capabilities are limited to inscription on the blockchain. ERC-20, on the other hand, allows encoding of any execution logic
🚀 Debunking a common misconception in the Crypto world: BRC-20 superiority over ERC-20
If you've heard BRC-20 is better, let's dive into some facts that might make you rethink that claim
🚀 Debunking a common misconception in the Crypto world: BRC-20 superiority over ERC-20
If you've heard BRC-20 is better, let's dive into some facts that might make you rethink that claim
🖼️ Inscriptions demonstrate the versatility of the Bitcoin blockchain, enabling storage of arbitrary data. From artwork to text, the possibilities are endless. Ordinal Theory opens new avenues for creativity and innovation on the blockchain.
🛠️ Meet the ord tool! It serves as an index, block explorer, and wallet for exploring the world of inscriptions. With ord, you can generate, manage, and interact with your own inscriptions on the Bitcoin blockchain
🗂️ So, how does arbitrary data get stored on the Bitcoin blockchain using ordinals? Inscription content is serialized and included in the input of a reveal transaction, giving life to new forms of digital artifacts
🌱 Taproot addresses play a crucial role in enabling inscriptions. They leverage the power of the Taproot upgrade on the Bitcoin blockchain, providing the necessary flexibility to store arbitrary content within a transaction
🚀 The Bitcoin Ordinal Protocol Explained: an innovation which allows for tracking, trading, and collecting digital assets on the Bitcoin network!
⚡️Powers BRC20 & SBC20
💥 Let's dive into this fascinating protocol and explore its significance Blockchain Crypto
(a thread 🧵)
