Re:Ethereum will use around 99.95% less energy post merge
by X6S1x6Okd1st on Tuesday May 18, 2021 @11:39AM
(#27196138)
As a side note:
If you as a reader are interested in math & crypto the stuff being done in the zero knowledge space w.r.t. cryptocurrencies is really cool regardless of your opinion on cryptocurrencies in general.
Re:Ethereum will use around 99.95% less energy post merge
by hanniabu on Tuesday May 18, 2021 @02:16PM
(#27198797)
Also zkSync has general EVM compatibility coming in a few months
Re:Ethereum will use around 99.95% less energy post merge
by randomopining on Tuesday May 18, 2021 @02:36PM
(#27199080)
What coin does zk-rollup use? or just base Ethereum?
Re:Ethereum will use around 99.95% less energy post merge
by X6S1x6Okd1st on Tuesday May 18, 2021 @03:39PM
(#27199951)
the current solutions do 'native fees' which means you pay the fee in whatever you are sending. This can't really last because I could create SPAM coin with 1B marketcap and overload the network with it.
IIRC they'll eventually create their own native token when their EVM compatible rollup is out.
It is just as secure as the base chain (unlike polygon) and has low fees and has been live for the past few months. This is a perfect solution to simple payments.
The difference between optimistic rollups and zero knowledge rollups is that you can’t deploy arbitrary smart contracts to zk rollup, it only supports a limited set of use cases, such as simple payments for now. Read more here https://vitalik.ca/general/2021/01/05/rollup.html