Risc Zero Releases Zeth: An Open-Source Prover Technology for Ethereum Layer 2 Solutions
Seattle-based crypto startup, Risc Zero, has launched Zeth, an open-source prover technology designed to assist in the development of Ethereum-based Layer 2 solutions called ZK rollups and their associated client software.
Key Points:
– Zeth is aimed at facilitating the development of a specific type of ZK rollup, known as zero-knowledge Ethereum Virtual Machine (zkEVM), which is compatible with the Ethereum blockchain.
– Developers can use Zeth in conjunction with Risc Zero zkVM framework to streamline the process.
– Risc Zero claims that Zeth can generate proofs for Ethereum blocks in just minutes, offering a more efficient and cost-effective solution compared to similar efforts.
– Risc Zero raised $40 million in a Series A funding round led by Blockchain Capital in July.
– ZK rollups are gaining popularity, with other research teams and crypto projects like a16z crypto, Polygon, and Matter Labs also working on their own provers.
Hot Take:
Risc Zero’s release of Zeth demonstrates the increasing interest and development in the field of ZK rollups. By providing an open-source prover technology, Risc Zero aims to enhance the scalability of Ethereum and enable developers to build innovative solutions more efficiently. This development is a significant step in the evolution of Layer 2 solutions and could have a positive impact on the overall growth and adoption of decentralized finance (DeFi) applications.
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