Since 2020’s DeFi summer and the NFT craze, high gas fees on the Ethereum network have been the norm. New users entering the crypto space may be shocked to see fees north of $50 per transaction and discouraged to participate. With these fees, many crypto natives have resorted to using alternative layer one chains or layer two solutions built on top of Ethereum. In this article, we’ll take a look at the latter, specifically at an innovation that allows L2s to scale Ethereum while maintaining privacy and Ethereum’s high level of security: zero knowledge proofs.
ZK101: Intro to Zero Knowledge Proofs
ZK101: Intro to Zero Knowledge Proofs
ZK101: Intro to Zero Knowledge Proofs
Since 2020’s DeFi summer and the NFT craze, high gas fees on the Ethereum network have been the norm. New users entering the crypto space may be shocked to see fees north of $50 per transaction and discouraged to participate. With these fees, many crypto natives have resorted to using alternative layer one chains or layer two solutions built on top of Ethereum. In this article, we’ll take a look at the latter, specifically at an innovation that allows L2s to scale Ethereum while maintaining privacy and Ethereum’s high level of security: zero knowledge proofs.