Hoskinson: Cardano has a ‘beautiful plan’ for ZK-rollups


Charles Hoskinson teased the rollout of ZK-rollup technology on Cardano, saying more will follow later.

Cover art/illustration via CryptoSlate


Input Output CEO Charles Hoskinson teased the rollout of ZK-rollups on Cardano.

During an AMA, Hoskinson was asked why there was not “much chatter” about ZK-rollups on the Cardano blockchain.

In response, he said the scaling technology is being incorporated in relation to the Midnight sidechain. More details will follow later, Hoskinson said.

What are ZK-rollups?

ZK-rollups refer to a technology that takes hundreds of transactions off the main chain, validates each using zero-knowledge proof, then batches them into a single transaction – which the main chain can verify using a SNARK (Short Non-Interactive Argument for Knowledge).

How To Get Free Crypto  

Zero-knowledge is an authentication method that enables the sender to prove something is true without sending passwords, keys, or other sensitive information to the receiver.

The process of batching transactions takes the computation load of the main chain, resulting in greater speed, with the zero-knowledge aspect providing validation.

ZK-rollups are typically associated with Ethereum, which relies heavily on layer 2 scaling solutions to lessen base layer congestion and provide other benefits such as higher throughput, better security, and privacy features.

Coming soon to Cardano Midnight

On ZK-rollups for Cardano, Hoskinson said:

“There’s a huge wonderful, beautiful plan for it, and it’s heavily related to Midnight. We shall talk about it at later date.”

Midnight is a privacy-focused Cardano sidechain, enabling developers to build “data protection-first dApps” without fear of data breaches or censorship.

Coinbase Banner  

“[It] safeguards sensitive commercial and personal data, protecting fundamental freedoms of association, commerce, and expression for developers, companies, and individuals.”

Although Hoskinson did not expand further on exactly how ZK-rollups will be utilized, the mention of Midnight suggests it would be in the capacity of authenticating private data securely – rather than for scaling.

Posted In: Cardano, Technology
Latest Report

Before and after Shanghai: A deep dive into the consequences of Ethereum’s latest upgrade

CryptoSlate’s latest market report dives deep into on-chain metrics before and after the Shanghai upgrade to see whether it could be inconsequential or mark a turning point for the Ethereum network.

Andjela Radmilac · 2 hours ago

CryptoSlate wMarket Update: Cardano leads top 10 following flat weekend performance

Cardano’s Hoskinson lauds Polygon’s zkEVM launch despite previous criticism of Ethereum

Go to Source
Author: Samuel Wan

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.