Close Menu
  • Home
  • News
  • Bitcoin
    • Blockchain
    • Market
  • Opinion
  • Technology
  • All Posts
What's Hot

US Senate Approves GENIUS Stablecoin Legislation, Sending It to the House for Final Approval

Jun. 18, 2025

JPMorgan Chase to Launch Pilot Program

Jun. 18, 2025

JPMorgan Submits ‘JPMD’ Trademark Application, Indicating Potential Stablecoin Launch

Jun. 17, 2025
Facebook X (Twitter) Instagram
Thursday, July 3
Crypto Lived
X (Twitter) Telegram
  • Home
  • News
  • Bitcoin
    • Blockchain
    • Market
  • Opinion
  • Technology
  • All Posts
Latest From Tech Button
Crypto Lived
Home » a16z Crypto Summit Notes: Examining ZK Technology Trends and Promising Projects
Technology

a16z Crypto Summit Notes: Examining ZK Technology Trends and Promising Projects

By adminMay. 2, 2024No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
a16z Crypto Summit Notes: Examining ZK Technology Trends and Promising Projects
a16z Crypto Summit Notes: Examining ZK Technology Trends and Promising Projects
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Article Rewrite:

Author: Joseph Bonneau
Translator: DAOSquare
Editor’s Note: Field Notes is a series where we report from the field on important industries, research, and other activities. In this issue, Joseph Bonneau, a research partner at a16z crypto and assistant professor at New York University, attended the 11th zkSummit in Athens on April 10th and took notes. The event was hosted by the Zero Knowledge podcast and had approximately 500 attendees with four talks held throughout the day. The following is a summary of Bonneau’s report, covering the latest developments in zero-knowledge hardware, SNARK performance, and auction network design, including some mentions of Jolt, a new approach to SNARK design by the a16z crypto research and engineering team that is already twice as fast as the current state-of-the-art technology, with more improvements on the horizon.

ZK Hardware
Support for hardware acceleration of proof generation has long been a goal of the community. The first two talks held on the main stage provided an overview of the current developments in this area.

Justin Drake, a researcher at the Ethereum Foundation, outlined ZK hardware, including a taxonomy of companies in the field. The list includes companies using general-purpose hardware, such as Ulvetanna, companies manufacturing custom hardware, including Accseal, Cysic, and Fabric, and companies running decentralized proof networks, such as Aleo. He predicted that the “endgame” for zkVM, such as Jolt enhanced by Binius, a hardware-optimized SNARK verification system, and other upcoming optimizations and dedicated hardware, could achieve a 1000x improvement in computational costs and potentially impact the final battle-tested version of Ethereum. He also mentioned that the Ethereum Foundation will announce a competition with a $20 million prize for formal verification of provers and verifiers.

Jim Posen, co-founder of Ulvetanna, discussed Binius and the general concept of designing proof systems and hardware simultaneously. Binius uses binary field towers and the sumcheck protocol, which Jolt is also based on. One interesting conclusion from early testing of Binius is that the performance of the Groestl hash function (SHA-3 runner-up) is significantly better than Keccak (the official SHA-3 standard), so using Groestl may be more advantageous in certain applications.

Decentralized Prover Networks
Many in the field envision a future where large-scale statement proofs, such as the correctness of a batch of transactions in Rollup, are completed by a competitive, decentralized marketplace of specialized provers.

Uma Roy, co-founder of Succinct, discussed the upcoming Prover Network by Succinct. She outlined various potential mechanism designs for decentralized prover networks and predicted that designs based on competitions (winner-takes-all) or mining (winner-takes-all with modulo randomness) would not yield good results. She said that the design goals should be, in order, minimal cost, maximum latency, and censorship resistance. She predicted that issuance/staking models might work, but auction models are most likely to succeed, eventually resembling today’s block construction. She mentioned that Succinct is building a generic auction network to support multiple zkVM proofs, not just Succinct’s own SP 1, such as Jolt/Lasso.

Wenhao Wang, a PhD student at Yale University, talked about a new paper on prover network economics that was published on the morning of the talk. The paper was co-authored by him, Ben Fisch (Espresso Systems), and Ben Livshits (Matter Labs). Wenhao mentioned that bilateral auctions are susceptible to collusion between provers and bidders, and they introduced an alternative mechanism called Proo-phi, which introduces new matching transactions and proof mechanisms. Proof-phi requires setting capacity parameters, which seems to be a key open design question.

Daniel Kales, co-founder and CTO of TACEO, discussed proof markets that support multi-party computation (MPC), specifically using MPC to maintain privacy between small clients with private witnesses and untrusted large provers. He talked about how we choose combinations of proof systems for linear operations, such as the Fast Fourier Transform algorithm, which are relatively cheap in MPC and can minimize costs.

ZK Credentials
Three separate sessions discussed efforts to build zero-knowledge credentials from existing identity systems. Each relies on a different existing identity system.

Aayush Gupta and Sora Suegami, co-founders of ZK Email, talked about zero-knowledge proofs of email address ownership. These rely on proving knowledge of DKIM signatures on emails sent to a specific address, and DKIM has been widely deployed by major email providers (though primarily as an anti-spam measure). Many applications could benefit from ZK proofs of user control over email addresses, including sending funds to email addresses and anonymous reporting.

Alin Tomescu, research scientist at Aptos Labs, discussed Aptos Keyless, which interacts with traditional web2 identities using OpenID Connect. OpenID Connect is a technology that supports “log in with Facebook, Google, etc.” for third-party websites. Aptos Keyless interacts with existing OpenID providers and proves user control over a given address, enabling applications like sending funds to Google or Facebook accounts.

Michael Elliot and Derya Karli of zkPassport discussed how to build anonymous credentials from existing e-passports. For example, users could prove they hold a US passport and are over 25 years old without revealing their passport number or exact age.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI Introduces the GPT-4.1 Series

Apr. 15, 2025

OpenAI Aiming to Release GPT-4.1 and Additional Models as Soon as Next Week

Apr. 12, 2025

GPT-4.5 Expected to Launch Next Week in Plus Tier, According to Sam Altman

Mar. 28, 2025
Leave A Reply Cancel Reply

Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Opinion

US Senate Approves GENIUS Stablecoin Legislation, Sending It to the House for Final Approval

Jun. 18, 2025

Key TakeawaysSenate passes the GENIUS stablecoin bill with bipartisan support, marking first major c…

JPMorgan Chase to Launch Pilot Program

Jun. 18, 2025

JPMorgan Submits ‘JPMD’ Trademark Application, Indicating Potential Stablecoin Launch

Jun. 17, 2025

Eric Trump Expresses Affection for Justin Sun While Denying Involvement in Tron’s Public Debut Strategy

Jun. 17, 2025
About Us
About Us

Crypto Lived brings you the latest cryptocurrency information, covering the latest developments in mainstream digital currencies such as Bitcoin and Ethereum. We provide timely and comprehensive coverage to help you understand the latest trends in the cryptocurrency market.

X (Twitter) Telegram
Our Picks

US Senate Approves GENIUS Stablecoin Legislation, Sending It to the House for Final Approval

Jun. 18, 2025

JPMorgan Chase to Launch Pilot Program

Jun. 18, 2025

JPMorgan Submits ‘JPMD’ Trademark Application, Indicating Potential Stablecoin Launch

Jun. 17, 2025
Most Popular

Web3新手系列点击MetaMask时是否会意外唤起其他钱包解决钱包冲突的现状

May. 31, 2024

INTO The Ultimate Pursuit of Reconstructing the Web3 Social Experience

Jun. 21, 2024

3EX to Undergo Brand Upgrade: Embracing a Smarter and More Powerful AI Trading

Jan. 1, 2023
  • Bitcoin
  • Blockchain
  • Market
  • News
  • Opinion
  • Technology
© 2025 Crypto Lived All rights reserved.

Type above and press Enter to search. Press Esc to cancel.