Tag: zk-snarks

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The Mina blockchain, powered by the MINA token, claims to be “the world’s lightest blockchain”. This is because the size of the Mina blockchain is static. Whereas most blockchains are continuously growing in size, the Mina blockchain remains static at around 22 kilobytes.

StarkWare blockchain service improves scalability and privacy in blockchains using STARK technology which involves ZK-Starks, StarkEx, and StarkNet. Their contribution is much needed when it comes to fixing the high gas costs on Ethereum that plagues its users. You may already be familiar with SNARKs and ZK-SNARKs, but this article looks at StarkWare and STARKs, along with ZK-STARKs.

Ethereum 2.0 will trigger a seismic shift in the crypto space. Some of the changes that this upgrade is going to trigger are: The transition to Casper protocol Sharding Raiden state channels Plasma Raiden and Plasma are layer-2 protocols that allow Ethereum to conduct thousands of transactions off-chain in the form of state channels and side chains. Plasma, in particular, can theoretically allow a side chain to process thousands of transactions and commit just one single hash to the main Ethereum blockchain. While this sounds pretty amazing on paper, there is a significant problem here. If there is some dispute in one of these side plasma chains, there isn’t a proper mechanism that the users can use to exit the protocol efficiently.