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Crypto-Consciousness

Can anyone explain the use and security of zero-knowledge rollups

as a Scaling solution?... Here ConsenSys is advertising their use in a project with mastercard, and Polygon uses them for its Scaling solution. It seems to create a secure means for side-chain transactions. Does this threaten Hedera's core advantages? Or does Hedera consensus still have a role here?

https://consensys.net/blog/press-release/consensys-launches-consensys-rollups-with-the-support-of-mastercard-fostering-innovation-and-scalability-on-the-ethereum-mainnet-for-private-and-permissioned-blockchains/

#cryptocurrency #english #hbar
0

3 ответов

38 просмотров
Anthony-Cox

Is it ABFT, is it infinitely scalable as we believe Hedera to be ? I think the point of Hedera is that there advantages to running all services natively as part of a layer one

0
17.12.2021
Crypto-Consciousness Автор вопроса
Anthony Cox
Is it ABFT, is it infinitely scalable as we believ...

Yes, the base layer security on Hedera cannot be beat so long as buy their decentralization model (I do)... It seems that zk-rollups are all the rage now on every platform as a layer-2 Scaling solution, which basically means that the zero-knowledge proof allows you to integrate a bunch of off chain transactions into the chain somehow (I still need to research the process)... And could be used on any chain. But I'm still not clear about the security trade off

0
19.12.2021
Crypto-Consciousness Автор вопроса
Crypto Consciousness
Yes, the base layer security on Hedera cannot be b...

They are very tight-lipped about the vulnerability found on their base contract... But it demonstrates the nature of vulnerabilities in zk-rollups, which are contracts... And the reason why any high profile user of an Ethereum side chain to cut gas fees (eg Coinbase) would want to use Hashport with a strong validator "swarm" validating every transaction, and Hedera to validate all off-Ethereuem transactions (which can then be bridged securely back to Ethereum via Hashport)

0
19.12.2021

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