How Electron Cuts ZK Proving Costs by 95% with Garvit Goel

Описание: 💡 Total gas cost saved by Electron - https://explorer.electron.dev/

In this conversation, Garvit Goel, CEO of Electron, discusses the advancements and future plans of Electron, a platform designed to significantly reduce the costs associated with verifying zero-knowledge (ZK) proofs on Ethereum and other blockchains. The discussion covers the launch of their flagship product, Quantum, the integration of various proving systems, the importance of decentralization, and the potential future use cases for ZK technology. Garvit emphasizes the need for a universal aggregation layer and the competitive landscape in the ZK ecosystem, while also addressing the challenges and opportunities that lie ahead for Electron and its partners.

🎧 Listen to The Interop on Spotify: https://open.spotify.com/show/58QAYwz...

📚 Chapters
00:00 Introduction
01:20 Electron’s Mission
03:30 Why ZK Proofs Are Expensive
05:50 Quantum: The Aggregation Layer
08:46 Supporting Multiple Proving Systems
12:00 Innovations in Aggregation
16:34 Decentralizing the Prover Network
22:09 Protocols Using Quantum
27:41 Use Cases for ZK Rollups
35:06 Plans for Bitcoin and Other L1s
38:34 Mainnet and Future Plans

📂 Playlists
Explore Devcon 2024
Explore Cosmoverse 2024

🌐 Socials
Electron's Official Website: electron.dev
Stay connected with Electron:
X (formerly Twitter): @ElectronZK

Follow Garvit Goel:
GitHub: garvitgoel
Medium: garvitgoel.medium.com
Instagram: @garvitgoel_

🔔 Don’t forget to like, subscribe, and turn on notifications to stay updated with the latest insights in blockchain technology!