ZK technology is more suitable for the future and transcends pure financial narratives

Written by: Haotian

Vitalik’s new article seems to reiterate the Cypherpunk spirit of Ethereum (decentralization, censorship resistance, auditability, tool components, open cooperation), but in fact it is his hidden concern and dissatisfaction with the current ecosystem being too financialized (Degen).

How to get out of the pure Degen dilemma?@VitalikButerinFive major directions for positive development were proposed. I would like to add some personal comments:

1) Rollups are starting to actually exist.

Comment: In the past year, the layer2 track has presented a scene of market competition and prosperity. The layer2 war is in full swing. For Ethereum, the more Rollups chains there are, the more traffic + empowerment there will be. However, Ethereum layer2 is gradually being taken over by various RaaS solutions + DA solutions and modular VM solutions, and the layer2 market is escaping from the orthodox spiritual control of Ethereum.

For Ethereum, this is indeed not what Vitalik wants to see, but for the Crypto industry, the market outcome of layer2 will inevitably be divided into two major factions: pro-Ethereum and anti-Ethereum.Ultimately, which layer2s can emerge will not be constrained by political orthodoxy, but will depend on whether they can promote Mass Adoption.

2) Following a temporary lull after the regulatory crackdowns on Tornado Cash,second-generation privacy solutions such as Railway and Nocturne are seeing the (moon) light.

Comment: Privacy Centric Privacy trading is a track that sounds very necessary but is slow to land. Due to the exposure issues such as openness and transparency, MEV space and transaction intentions in the DEX environment, most market makers and individual traders tend to focus on CEX.

Whether DEX can be on par with CEX in the future depends entirely on the construction of Privacy Infra. Tornado, the first generation of privacy transaction solution,contractThe method of splitting funds and confusing assets in layers has been widely used for illegal money laundering and has been frequently sanctioned by regulators. The second-generation privacy transaction solutions all go through an intermediate privacy layer. Both the Teller and Handler of Nocturne and the Relayer of Railway have taken on the role of the From address of the privacy transaction. The user's true transaction intention will be hidden through the intermediate layer.

Specific implementation technologies usually include ZK-Snarks, Paymaster abstracted by AA accounts, and multi-signature management in an MPC trusted environment. Users only need to wrap their assets into private assets, and then initiate a transaction intention to the middle layer, and the middle layer Pool will complete a series of DeFi interactions on their behalf. The more assets deposited in this middle layer, the larger the number of users, and the better the privacy effect. The key is that there can be compliant solutions coexisting, which is easier to become the mainstream in the future. (Find an opportunity for detailed analysis)

3) Account abstraction is starting to take off.

Comment: The market has become desensitized to Account Abstraction because it is too basic. The value of Account Abstraction will only become apparent when it reaches the explosive stage at the application layer.It should be said that account abstraction is like a patch, giving Ethereum the confidence to avoid having its liquidity drained away by high-performance public chains such as Solana.

Moreover, the account abstraction track is already very prosperous, but most solutions tend to be built on the underlying infrastructure and have not yet been verified by the market, so people feel that it is insignificant. But I think that account abstraction is a must for Ethereum layer2 to truly burst out high-frequency applications and become the entrance to incremental users. When playing with layer2, don't forget to choose some applications at the bottom of account abstraction.

4) Light clients, forgotten for a long time, are starting to actually exist.

Comment: Light clients are more important after Ethereum switched to POS, because they can extend the verification capabilities of Ethereum Validators and extend Ethereum consensus to other chains. For example, if you are doing a three-party DA solution, you can use the Restaking model to allow some of Ethereum's validators to participate in the maintenance of the side chain consensus, which will be more convincing than the consensus built by pure third-party validators; for example, if you are doing a decentralized Sequencer solution, you can also use Restaking to allow Ethereum's Validators to participate in the echelon of the side chain Sequencer.

The premise of all these assumptions is based on the light client solution. The familiar Eigenlayer implements the expansion of Ethereum Validators capabilities based on the light client.From a strategic perspective, this solution is a powerful weapon for Ethereum to fight against third-party DA invasions and maintain its orthodox status.

5) Zero knowledge proofs, a technology which we thought was decades away, are now here, areincreasingly developer-friendly, and are on Xiaobai Navigationthe cusp of being usable for consumer applications.

Comments:Zero knowledge proofAs much as it was once highly praised and expected, it is now full of regrets and disappointments.Zero knowledge proofSolving the problems of privacy and scalability does not produce immediate results. For example, OP-Rollup and ZK-Rollup fought to the end, and everyone knew that ZK was more powerful, but that could not cover up the fact that OP was more popular than ZK.

In my opinion, ZK technology is more applicable to the future and goes beyond the pure financial narrative., the current emotion of everyone sighing about ZK is understandable, but when it comes to the real application era, ZK will becomeBlockchainThe same necessity exists. (Vitalik seems to have said this as well).

The article comes from the Internet:ZK technology is more suitable for the future and transcends pure financial narratives

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