Vitalik Proposes The Use of zk-SNARKs to Scale Ethereum to 500 Transactions per Second
A form of cryptography pioneered by zcash might help scale Ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday.
According to Vitalik Buterin by using the zk-Snarks tech the Ethereum network could potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma or Raiden.
“There are two classes of user: (i) transactor, and (ii) relayer. A relayer takes a set of operations from transactors, and combines them all into a transaction and makes a ZK-SNARK to prove the validity, and publishes the ZK-SNARK and the transaction data in a highly compressed form to the blockchain. A relayer gets rewarded for this by transaction fees from transactors.”
Buterin further describes the method of the same, which includes a “relayer” node, a kind of computer that performs the task of aggregating transactions in exchange for transaction fees. He states:
“Anyone can be a relayer; there is no assumption of even an untrusted special ‘operator’ existing.” The node setup is estimated to lead gains of “~24x for ETH transactions and ~50x for ERC-20 transfers.”
The new suggestion by Vitalik is the evidence many Ethereum community members were waiting for in terms of knowing there is research being done to solve the scalability issues on the network.
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