Search Results for: Eli Ben-Sasson

The Ethereum-focused conference EthCC witnessed buzz due to potential shift in the crypto market and the confluence of AI with blockchain technology. Future prospects of AI in crypto financial markets and valuating non-fungible tokens were discussed. Skepticism around use-cases and computational demands of AI and blockchain intersection remain.

“Blockchain technology combines with zero-knowledge proofs (ZK-proofs) and AI for improved smart contract solutions. Despite challenges, experts remain optimistic about its future. Integration of ZK-proof with AI hints at a transformative occurrence that continues shaping blockchain’s promising future.”

Storage proofs, a cryptographic method aiming to revolutionize cross-chain asset transfers, may provide a more secure alternative to vulnerable bridges in the growing blockchain ecosystem. Starknet plans to be the first network to natively integrate storage proofs, potentially eliminating intermediary third-party “oracles,” offering enhanced security and user experience for asset transfers.

Ethereum’s co-founder, Vitalik Buterin, emphasizes the need for addressing “The Three Transitions” – L2 scaling solutions, smart contract wallets, and enhanced privacy, to ensure Ethereum’s growth and future success. Overcoming the “blockchain trilemma” is crucial in maintaining user confidence, trust, and fostering mass adoption.

Starknet, an open-source framework by StarkWare, aims to bring scalability and privacy to Ethereum-based dApps. Its total value locked has reached an all-time high of $10.49 million, with layer-2 scaling technique zero-knowledge rollups and Rust-inspired programming language Cairo fueling its growth.

The Bitcoin network faces congestion and increased transaction fees due to the demand for BRC-20 tokens. Zero-knowledge proofs (zk-proofs) may help address these issues by enhancing privacy, security, and blockchain capacity. Projects such as ZeroSync are exploring solutions like zkCoins to increase transaction throughput and improve network scalability.