The recently concluded 2024 Hong Kong Web3 Carnival has become a haven for crypto and blockchain enthusiasts worldwide. At this futuristic gathering, Vitalik Buterin, co-founder of Ethereum, delivered a keynote speech titled “Reaching the Limits of Protocol Design,” providing not only a retrospective of the past decade’s technological innovations but also bold visions for future possibilities.
In his speech, Vitalik first reviewed the development of blockchain technology, particularly the application of ZK-SNARKS in privacy protection and scalability. He emphasized how blockchain has propelled this technology from theory to practice, achieving openness and global verifiability while reclaiming privacy and security through ZK-SNARKS.
With the rapid advancement of ZK-SNARKS and other cryptographic primitives, encryption technology has found broad applications in multi-party computation and fully homomorphic encryption, opening up new possibilities in fields such as encryption and artificial intelligence. The discussion on BLS key aggregation showcased how these technologies enable large-scale signature verification, forming the core of modern state consensus proofs.
Efficiency, security, and scalability challenges: Exploring real-time proofs
Vitalik pointed out that despite significant progress in technology, efficiency, security, and scalability remain the three major challenges in the blockchain field. He illustrated the importance of achieving real-time proofs by comparing block generation time and verification time, enabling everyone to become a complete validator of the protocol, significantly enhancing system transparency and trustworthiness.
To achieve real-time proofs, Vitalik proposed strategies for efficiency improvement, including the application of parallelization and aggregation techniques, as well as the possibility of ASIC and other hardware optimizations. He emphasized the importance of improving algorithm efficiency and developing more ZK-SNARKS-friendly hash functions and signature algorithms.
Regarding security, Vitalik discussed how to reduce the number of errors in encryption technology, including using multiple proof systems and artificial intelligence tools for formal verification. These measures aim to ensure high security and reliability even in the most complex systems.
The future design of networks and protocols
Lastly, Vitalik reflected on the design of peer-to-peer networks and protocol simplification to achieve higher efficiency and broader participation. He emphasized the importance of optimizing network security and data storage methods to support more validators, making blockchain technology more democratic and user-friendly.
Vitalik’s speech not only provided a profound analysis of existing technology but also served as motivation for the future development of cryptographic technology. His questions and solutions have provided researchers, developers, and enthusiasts in the crypto field with directions and ignited their passion for exploring unknown areas of cryptographic technology. With continuous technological advancements, we have reason to believe that Web3 and cryptographic technology will continue to drive society forward, realizing a more open, secure, and free digital world.
Breaking through the ceiling, entering a new era of cryptographic technology
The birth of the 3EX AI trading platform can be seen as the inevitable outcome of technological development reaching a certain stage. By combining the powerful AI capabilities of GPT, the 3EX platform offers features such as AI-generated trading strategies and AI trading copy functions, aiming to help users achieve efficient and intelligent trading in a complex and ever-changing market environment.
AI-generated trading strategies: The dialogue-based AI trading strategy feature on the 3EX platform allows users to input their trading conditions and preferences through a simple interface, and the AI system can generate personalized trading strategies accordingly.
One-click AI trading copy: The AI trading copy feature on the 3EX platform provides users with a simple and effective investment method. Users can easily copy exceptional trading strategies in the market, achieving profit opportunities synchronized with professional traders. In the face of market uncertainties, the 3EX platform has also specially designed an AI trading protection fund to provide comprehensive protection against liquidation risks for users.
The encrypted market is currently in a stage of rapid development. The emergence of the 3EX AI trading platform not only provides users with a secure and efficient trading environment but also lowers the threshold for trading and enhances profitability and enjoyment through a series of intelligent innovative features. With further integration of cryptographic and artificial intelligence technologies, the 3EX platform will continue to lead the new trend of digital asset trading, providing higher-quality services for global investors.
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