- This topic has 4 replies, 2 voices, and was last updated 3 months ago by Simple_Yam.
- Thursday, June 23rd, 2022 at 11:04 #316947InternalFact1Participant
This doesn’t mean that optimistic tech is bad. On the contrary, as opposed to what many think, optimistic tech will ALWAYS be an important and integral part of ETH and will never go away.
However, it does lack a little when it comes to privacy. Compared to zero-knowledge, optimistic tech isn’t as private considering that validators have access to the information related to you/your transactions.
This isn’t the case with zero-knowledge. Validators have the minimal needed amount of information needed to validate a transaction in a way that can’t be linked to you as a person, hence the name “zero-knowledge” because all transactions looks the same to a validator, they just have to confirm if the transaction is valid or not.
Zero-knowledge doesn’t only stop at crypto transactions though. Some platforms like Polygon took it a step further and integrated into identification through Polygon ID.
Its currently a bit difficult to prove your identity without having to disclose sensitive information. But zero-knowledge solves that. With ZK-proof any user can prove that “yes this is me” without having without having to disclose personal information.
This is a HUGE use case that crypto projects can benefit from as there’s still no solutions for this problem outside of the crypto space and this is exactly what Polygon is capitalizing on with Polygon ID. You can literally use it verify your identity anywhere from Metaverse ecosystems, real world business, social media, Fintech services and platforms that require KYC.
You know what this means right? With ETH being famous for extreme secure, zero-knowledge will soon attract institutions and businesses into the crypto world bringing a ton of new money into the market and more specifically ETH!Thursday, June 23rd, 2022 at 11:04 #316948Kike328
nah, the development is in is zk because zk tech allows way more compression and cheaper fees, just check it by yourself in l2fees.infoThursday, June 23rd, 2022 at 11:04 #316949AESTHTK
This isn’t quite the case.
In fact most so-called zk roll-ups are actually just validity roll-ups.
If we’re being pedantic, Aztec is the only “zero knowledge” zk roll-up and will likely have the strongest privacy properties because of this.
Polygon Nightfall is also worth mentioning, using a hybrid model for enterprise permissioning.
And yes Polygon ID uses zk circuits for privacy.Thursday, June 23rd, 2022 at 11:04 #316950emorar30
At the end of the day Optimistic Tech is just a 10x scaling improvement, which is next to nothing in the grand scheme of things.
Zk tech i dont know, it cant execute the kind of code EVM can, so is it even a proper scaling solution. That being said it seems to be a 40x scaling solution when it comes to ETH transfers (They use ~500 L1 gas compared to Optimistic using around ~2500 L1 gas per ETH transfer inside the rollup)Thursday, June 23rd, 2022 at 11:04 #316951Simple_Yam
I’m wondering OP, are you just one bot disguising Polygon ads as useful insightful posts or are you a swarm of paid people?
I’ve seen this exact post 1000 times. At least use different formats to not be obvious.
Nothing against Polygon, just against this type of obvious botting.
Edit: for anyone not knowing what I’m talking about, this is just from OP’s post history, every single post is disguised Polygon shilling, there are actually a ton more disguised posts from other bots though that I’ve noticed:
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