1. BITBILIHome
  2. Article

zkSync unveils Boojum upgrade to enhance Ethereum Layer-2 scaling

• 34 views

TL;DR Breakdown

  • Matter Labs introduces Boojum, a revolutionary proof system powered by STARK technology for zkSync Era, enhancing performance and accessibility.
  • Boojum allows faster transaction proofs and reduced hardware requirements, running on consumer-grade GPUs with only 16 GB of GPU RAM.
  • The upgrade aims to improve scalability, democratize participation, and shape the future of Layer 2 scaling solutions in the Ethereum ecosystem.

Description

Matter Labs, the core developer of Ethereum Layer-2 scaling solution zkSync Era, has announced the launch of Boojum, a revolutionary proof system designed to enhance performance and accessibility. Boojum is built on a new Rust-based cryptographic library developed by zkSync, utilizing STARK technology to power the upgraded Zero-Knowledge (ZK) circuits. However, this significant development moves … Read more

Matter Labs, the core developer of Ethereum Layer-2 scaling solution zkSync Era, has announced the launch of Boojum, a revolutionary proof system designed to enhance performance and accessibility. Boojum is built on a new Rust-based cryptographic library developed by zkSync, utilizing STARK technology to power the upgraded Zero-Knowledge (ZK) circuits. However, this significant development moves zkSync Era away from its previous reliance on SNARKs (another form of zero-knowledge proof) and promises to deliver several times more throughput.

Boojum to bring enhanced performance and reduced hardware requirements

The introduction of Boojum brings substantial performance improvements to zkSync Era’s transaction processing capabilities. The new proof system enables faster transaction proofs, allowing the system to prove transactions at an accelerated pace. Moreover, Boojum’s innovative design significantly reduces hardware requirements, making it compatible with consumer-grade GPUs and requiring only 16 GB of GPU RAM. This accessibility enhancement ensures that users with regular hardware can actively participate in the network and contribute to its growth.

Boojum’s upgrade is currently in an experimental phase on the zkSync Era mainnet, generating and verifying ‘shadow proofs’ using real production data. This comprehensive testing process aims to fine-tune the system, identify potential issues, and mitigate risks before the full migration.

Boojum’s reduced hardware requirements and improved performance are expected to boost zkSync Era and the broader Ethereum ecosystem. The increased accessibility enables a wider range of users to engage with the network, fostering inclusivity and decentralization. By making the proof system compatible with consumer-grade GPUs, Matter Labs is democratizing participation in the network, allowing individuals with regular hardware setups to contribute to the transaction compressing process.

Additionally, Boojum’s ability to operate with lower hardware specifications opens up cost-effective options for participants. The reduced hardware demands result in more affordable setups, which can positively impact the economics of participating in the zkSync Era network.

The innovation presented by Matter Labs and zkSync holds the potential to shape the future of Layer 2 scaling solutions, with implications for decentralized finance (DeFi) applications and broader blockchain adoption.

The successful deployment of Boojum on the mainnet in the experimental phase marks a significant milestone for Matter Labs, zkSync, and the entire Ethereum community. As the testing and fine-tuning process progresses, stakeholders eagerly anticipate the full migration and the subsequent impact on scalability, accessibility, and user engagement within the zkSync Era ecosystem.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:zkSync unveils Boojum upgrade to enhance Ethereum Layer-2 scaling

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月17日 21:26
Next 2023年7月17日 23:37

Related articles

  • Binance Coin price analysis: BNB rejected at $315, moves back towards $308

    TL;DR Breakdown Binance Coin price analysis suggests sideways movement below $315 The closest support level lies at $308 BNB faces resistance at the $315 The Binance Coin price analysis shows that the BNB price action found support at the $308 mark and the bullish momentum has enabled the price to return to the $315 mark. However, the price action still faces strong bearish pressure at press time as the bulls face rejection at the $315 mark.  The broader cryptocurrency market observed a bullish market sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include ICP and DOT showing a 3.26 and a 2.80 percent incline, respectively. Binance Coin price analysis: BNB rejected at $315.00 Technical indicators for BNB/USDT by Tradingview The MACD is currently bullish as expressed in the green colour of the histogram. However, the indicator shows low bullish momentum at the press time as observed in the height of the histogram. Moreover, the lighter shade of the indicator suggests a decreasing bullish momentum as the price finds resistance at the $315…

    Article 2023年5月19日

  • Robinhood unveiled as third-largest Bitcoin holder with $3 billion in assets

    TL;DR Breakdown Robinhood has been revealed as the third-largest Bitcoin holder, with $3 billion in BTC assets, trailing only Binance and Bitfinex. The identification of Robinhood as the owner of a mysterious Bitcoin wallet ends months of speculation within the crypto community. Despite its massive Bitcoin holdings, Robinhood reported a decline in crypto trading volumes, with Q2 revenue dropping 18% to $31 million. Description Robinhood, the widely-used trading and investment platform, has been identified as the third-largest holder of Bitcoin, boasting about $3 billion in BTC assets. The revelation comes from wallet data provided by Arkham Intelligence and places Robinhood behind only Binance and Bitfinex, which hold $6.4 billion and $4.3 billion in Bitcoin, respectively. For months, the crypto … Read more Robinhood, the widely-used trading and investment platform, has been identified as the third-largest holder of Bitcoin, boasting about $3 billion in BTC assets. The revelation comes from wallet data provided by Arkham Intelligence and places Robinhood behind only Binance and Bitfinex, which hold $6.4 billion and $4.3 billion in Bitcoin, respectively. For months, the crypto community had been…

    Article 2023年8月29日

  • NFT marketplace OpenSea hit by third-party breach

    TL;DR Breakdown OpenSea has reportedly suffered a compromise in its API. The breach presents a significant security risk, potentially allowing unauthorized requests on behalf of OpenSea users. The platform has yet to address community concerns publicly, and the incident reflects a similar situation with Nansen. Description OpenSea, the renowned multi-blockchain NFT marketplace, has reportedly experienced a compromise in its API, attributed to a breach by an unidentified third-party vendor. This incident has raised substantial security concerns, prompting urgent notifications to platform users. OpenSea is a pivotal player in the NFT marketplace, facilitating transactions across multiple blockchains. However, on September 23, 2023, … Read more OpenSea, the renowned multi-blockchain NFT marketplace, has reportedly experienced a compromise in its API, attributed to a breach by an unidentified third-party vendor. This incident has raised substantial security concerns, prompting urgent notifications to platform users. OpenSea is a pivotal player in the NFT marketplace, facilitating transactions across multiple blockchains. However, on September 23, 2023, a wave of users unveiled messages they allegedly received from the platform, indicating a security incident. The notifications highlighted a breach…

    Article 2023年9月24日

  • American central bank’s secret $103B bailout exposed

    TL;DR Breakdown Data from the Federal Reserve Bank of St. Louis reveals that the Bank Term Funding Program (BTFP), an emergency lending program initiated by the American central bank has reached a record high of $103.08 billion. This milestone indicates that the Federal Reserve is still intervening to bail out banks, despite its efforts to assure investors that the banking crisis is under control. U.S. banking regulators have been urging lenders to collaborate with credit-worthy borrowers who are facing financial stress. Description The Bank Term Funding Program (BTFP), an emergency lending program initiated by the American central bank, has experienced its highest level of distressed asset redemptions since its establishment three months ago. Launched in response to the United States banking crisis and the collapse of Silicon Valley Bank, among others, the BTFP aims to provide support … Read more The Bank Term Funding Program (BTFP), an emergency lending program initiated by the American central bank, has experienced its highest level of distressed asset redemptions since its establishment three months ago. Launched in response to the United States banking crisis…

    Article 2023年7月2日

  • FBI report reveals rise of deceptive beta-testing scams targeting crypto investors

    TL;DR Breakdown FBI warns of malicious actors exploiting crypto enthusiasts through deceptive beta-testing scams. Fraudsters pose as legitimate investment platforms, and trick victims into downloading fake apps to steal funds. Rising reports of cryptocurrency holders falling victim to malware disguised as “play-to-earn” games. Description The U.S. Federal Bureau of Investigation (FBI) issued a cautionary report on August 15th, shedding light on a concerning trend where malicious actors exploit cryptocurrency enthusiasts through deceptive beta-testing schemes. The report highlighted how these fraudsters masquerade as legitimate cryptocurrency investment platforms, siphoning money from unsuspecting victims. The FBI’s investigation underscored a disturbing pattern – … Read more The U.S. Federal Bureau of Investigation (FBI) issued a cautionary report on August 15th, shedding light on a concerning trend where malicious actors exploit cryptocurrency enthusiasts through deceptive beta-testing schemes. The report highlighted how these fraudsters masquerade as legitimate cryptocurrency investment platforms, siphoning money from unsuspecting victims. The FBI’s investigation underscored a disturbing pattern – these culprits often initiate contact with individuals via dating and social media applications. Their strategy involves luring victims into downloading seemingly authentic beta-testing…

    Article 2023年8月16日
TOP