🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Zerosync Leverages Starkware’s Tech to Enhance Bitcoin Network Scalability

EditorVenkatesh Jartarkar
Published 10/02/2023, 04:43 PM
© Reuters
BTC/USD
-

Monday, October 2, 2023 - ZeroSync, a leading technology company, has employed Starkware's ZK proofs and Cairo programming language to bolster the scalability and privacy of the Bitcoin network. The development is aimed at improving transaction speed and security on the network, according to information shared by Robin Linus, co-founder of ZeroSync.

The company has introduced a Layer 2 protocol that can process upwards of 100 transactions per second. This protocol upgrade is expected to significantly enhance the speed of transactions carried out on the Bitcoin network.

Furthermore, ZeroSync has initiated a verifier for Bitcoin's header chain. This tool is designed to assist light clients using Simplified Payment Verification (SPV) for transaction validation. The verifier will ensure that transactions are authenticated promptly and accurately, thereby improving the overall efficiency of the Bitcoin network.

ZeroSync's ultimate goal is to establish a zero-knowledge proof verifier on Bitcoin's mainnet. This would further enhance transaction privacy by allowing users to verify transactions without revealing any additional information about them.

The integration of Starkware's ZK proofs and Cairo programming language into ZeroSync's operations represents an important step in enhancing Bitcoin's network capabilities. As cryptocurrency transactions continue to grow in volume and complexity, such advancements in technology are crucial for maintaining the efficiency and privacy of these transactions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.