Summary:
ZK tech developer Nil Foundation has partnered with Fabric Cryptography to create a decentralized marketplace for cryptography and outsourced proof generation. The goal is to improve the speed, scalability, privacy, and interoperability of zero-knowledge computing. According to Fabric CEO Michael Gao, there is a problem in the cryptography field with new protocols and projects emerging daily, causing a perception that blockchain technology is only for speculation. Nil Foundation’s founder, Mikhail Komarov, believes that developers will benefit from the hardware-accelerated performance of zkLLVM circuits, while proof generators can earn more profits with Fabric’s VPU on the Proof Market. Nil Foundation’s zkLLVM allows developers to use familiar coding languages like C++ for Ethereum chains and applications without learning new programming languages.
Main Points:
– Nil Foundation and Fabric Cryptography partnered to build a decentralized marketplace for cryptography and outsourced proof generation.
– The goal is to improve the speed, scalability, privacy, and interoperability of zero-knowledge computing.
– Fabric CEO Michael Gao acknowledges the problem of blockchain technology being associated with speculation and lacking real-world applications.
– Nil Foundation’s zkLLVM allows developers to use popular coding languages like C++ for Ethereum chains and applications.
– Developers can benefit from the hardware-accelerated performance of zkLLVM circuits, while proof generators can increase profitability with Fabric’s VPU on the Proof Market.
Hot Take:
The partnership between Nil Foundation and Fabric Cryptography is a significant step towards advancing the field of cryptography. By addressing the challenges of speed, scalability, privacy, and interoperability, this decentralized marketplace has the potential to revolutionize zero-knowledge computing. With zkLLVM allowing developers to use familiar coding languages, the barrier to entry is lowered, making it easier for more developers to participate in Ethereum chains and applications. This collaboration shows the commitment of both organizations to practical and real-world applications of blockchain technology.
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.