ETH course exceeds $ 3,000-now Ethereum wants to quickly switch to the ZK-EVM
- The step to the ZK-EVM is crucial for the scalability at Ethereum since the ETH course has exceeded $ 3,000.
- The switch from Ethereum to the ZK-EVM means faster block validation, high scalability and lower transaction costs.
Ethereum’s transition to the Zero-Knowledge Proof through the EVM (Ethereum Virtual Machine) accelerates rapidly. It is a big moment for the Ethereum network because you want to integrate safe ZK technology.
Since Ethereum introduces the ZK-Proof technology, the price has increased to over $ 3,000, which is due to the growing interest of institutions and optimism around the ZKEVM initiative.
Ethereum’s way to ZK technology
The long-term vision of Ethereum for ZK is clear: zero-knowledge-proofs over the entire stack, from consensus to on-chain-private sphere. The Roadmap of the Foundation Starts with an L1 ZKEVM that will make validiers possible to verify several ZKVM proofs instead of performing blocks again.
This ZKEVM will be optional for examiners. It is planned that these validators will operate clients that can verify evidence generated by ZKVMS. These ZKVMS will prove various EVM implementations in a short and stateless way that only requires minimal hardware resources.
The Ethereum Foundation strives for a proof size of less than 300kib, verification times of less than 10 seconds for 99% of the blocks and a 128-bit security for ZKEVM.
In the first phase of the operation, validers are to be able to verify proofs outside the chain, the verification of the proofs replaces the re -execution of blocks. The foundation believes that this is the safest and fastest way to introduce ZKEVM and at the same time minimize the interruption of the network.
The process also enables continuous security audits, formal verification and ongoing optimization, while the technology is developing.
Effects on network performance
The ZK-EVM initiative from Ethereum will be drastically improving both the scalability and efficiency of the network. ZK-Proofs enable the validation of complex calculations without having to carry them out again, which drastically reduces the computing load of the validers. This reduces costs and increases the transaction throughput, which means that the two have long been solved by Ethereum.
The Ethereum Foundation Benchmarks for the ZK-EVM teams set the Ethereum Foundation in the roadmap. The aim is to achieve a latency for proofers of less than 10 seconds, with at least 128 bit encryption. This would ensure that Ethereum can maintain its current level of security, Leveness and censor resistance, while it is moving towards more efficient block verification mechanisms.
Over and beyond is die Ethereum Foundation Very interested in supporting the growing ZK-EVM system. She hopes that the ZK-EVM teams will continue to drive innovations towards Home Proofing, in which individual validators can operate on their own hardware.
Ethereum course over $ 3,000
Ethereum exceeded $ 3,000 for the first time in 5 months. ETH has increased 8-9% in the last 24 hours. The increase is also due to the strong institutional demand. The inflows in Ethereum-Kassa ETFs have reached a record level with over $ 383 million. Alone the BlackRock Ishares Ethereum ETF recorded a daily volume of over $ 800 million. The open interest in Ethereum Futures has also achieved an all-time high.
The increase of the Ethereum Prize goes hand in hand with the general mood on the cryptom market, which is largely determined by the new all -time highs of Bitcoin. How CNF already reported Bitcoin just reached $ 118,403.89 before falling back. Despite the setback, Bitcoin is still near $ 118,000, with an increase of 6% for the day and 9% for the week.
The analysis of the Ethereum Prize shows that ETH recorded a strong slump in 45.3 % in the first quarter and a decrease of 22.7 % compared to the previous year. In the second quarter, however, there was a remarkable recovery: Ethereum rose 36.5%, of which 41.1% passed in May.
The introduction of the ZK-EVM in Ethereum will Functionality the network improve. Validators will stop taking blocks again and instead work MT ZK-Proofs, which will significantly speed up the block validation.
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