Wishing for one good piece of PR for the Telos community for today. Quick alpha, because community first always: ZK WHITEPAPER IS HERE Release: https://www.coindesk.com/tech/2024/02/21/protocol-latest-tech-news-crypto-blockchain/
TLDR - telos will be scaling ZK snark proofs by essentially bundling multiple proofs into a single proof that gets hashed to the chain. So instead of 50 or 100 onchain events, there will be one. Leading to users paying less fees as well as the chain having less work. Ideally speaking, we can see this impact traditional industries and potentially other blockchains needing this service in the future.
This is monumental!
I for a person is already looking on how to use the tech in areas like identity management
Обсуждают сегодня