A16z Crypto has released Jolt, a zero-knowledge solution that aims to accelerate and streamline blockchain scaling operations.
A16z Crypto, the cryptocurrency-focused division of venture firm Andreessen Horowitz, has released Jolt, a zero-knowledge solution that it calls a “zkVM,” aiming to accelerate and streamline blockchain scaling operations.
At the heart of Jolt is the integration of a type of zero-knowledge proof called SNARKs , which facilitate scalable ZK-rollups in the Layer 2 space. Jolt is described as a novel method to build virtual machines proven via SNARKs. This could allow developers to create fast SNARK-based Layer 2 solutions compatible with Ethereum dApps, according to the firm. “But beyond just the improvement in speed, because Jolt is based on a new design paradigm, it is easier for developers to extend, and is also much easier to audit, leading to greater security,” the firm said.
Jolt works alongside Lasso, which employs a “lookup argument," resulting in a fast prover system for rollups. Such a mechanism is crucial for enhancing the scalability of blockchain applications, as it facilitates the execution of complex operations off-chain while maintaining on-chain verification. This includes potential use cases in Layer 2 blockchains, cross-chain bridges, and other areas where efficient, verifiable computing is critical.Disclaimer: The Block is an independent media outlet that delivers news, research, and data.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Espresso raises $28 million in series B round led by a16z cryptoEspresso is building a marketplace for shared sequencing, enhancing interoperability among Layer 2 rollups.
Read more »
Espresso Systems Raises $28M in Fresh Funds, Led By A16z CryptoMargaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
Read more »
a16z crypto joins $7 million funding round for KIKI WorldKIKI World offers users blockchain-based rewards, collectibles and community experiences centered around beauty products.
Read more »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Read more »
Crypto firm Ledger to launch iPod-inspired crypto wallet in May, after months of delaysThe product has reportedly faced production bottlenecks.
Read more »
Crypto firm Ledger to launch iPod-inspired crypto wallet in May, after months of delaysThe product has reportedly faced production bottlenecks.
Read more »