A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday.
Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale "By a huge amount," up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma or Raiden.
"We can actually scale asset transfer transactions on ethereum by a huge amount, without using layer 2s that introduce liveness assumptions, by using zk-SNARKs to mass-validate transactions."
Continuing, Buterin describes a method that includes a "Relayer" node, a kind of computer that performs the task of aggregating transactions in exchange for transaction fees.
"Anyone can be a relayer; there is no assumption of even an untrusted special 'operator' existing," Buterin added.
As a result, he estimated that such a setup could lead to gains of "~24x for ETH transactions and ~50x for ERC-20 transfers.
The proposal comes at a time when pressure is mounting on ethereum researchers to find ways to increase the transaction capacity of the platform.
A tweet by Parity communications officer Afri Schoedon on Friday urged developers to "Stop deploying dapps to ethereum. We are running at capacity."
In response, Buterin tweeted that zk-snark scaling solutions might alleviate the pressure faced by the ethereum blockchain.
In Saturday's forum comments, Buterin also said that, while aggregating transactions with zk-snarks is computationally intensive, the technology is likely to improve in the future.
'500 Transactions a Second': Vitalik Says Zk-Snarks Could Scale Ethereum
gepubliceerd op Sep 24, 2018
by Coindesk | gepubliceerd op Coinage
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