From сrypto to real-world cases: Vadim Krekotin envisions ZK technology’s potential
From сrypto to real-world cases: Vadim Krekotin envisions ZK technology’s potential
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Crypto.news – Cryptomeria Capital’s Vadim Krekotin provided a comprehensive overview of ZK roll-ups at ETHBarcelona, shedding light on the differences between optimistic and zero-knowledge roll-ups while highlighting their potential applications beyond the crypto industry.
Vadim Krekotin, the founding partner of a crypto-focused investing company Cryptomeria Capital, presented a detailed analysis of ZK roll-ups during the ETHBarcelona conference. As an experienced investor in blockchain companies, Krekotin offered insights into the evolving landscape of zero-knowledge technology and its comparison to optimistic roll-ups.
The presentation delved into the history of zero-knowledge technology, tracing its origins from 1989 to its integration into the bitcoin whitepaper in 2008. Krekotin emphasized the distinctions between optimistic roll-ups and zero-knowledge roll-ups, highlighting factors such as trust, waiting periods, transaction fees, speed, and EVM compatibility.
While optimistic roll-ups rely on trust and game theory, leading to longer waiting periods for users, zero-knowledge roll-ups require confidential proof and may incur additional costs. Krekotin pointed out that zero-knowledge roll-ups demand more significant computational calculations for generating proofs yet offer faster transaction speeds than optimistic roll-ups.
The presentation featured insights from Ethereum co-founder Vitalik Buterin, who opined that optimistic roll-ups provide a better short-term solution, whereas zero-knowledge roll-ups hold long-term promise. Krekotin also stressed the broader potential applications of zero-knowledge technology beyond the blockchain and cryptocurrency domains.
Krekotin highlighted prominent projects and companies working on zero-knowledge roll-ups, including ZK-Sync, Polygon, Scroll, and SNARKWare. The presentation focused on the architecture and functionality of ZK-Sync and StarNets ecosystems, showcasing ZK-Sync’s larger ecosystem, higher transaction throughput, and extensive fundraising efforts.
Additionally, Krekotin discussed the potential for ZK-Sync in various use cases, such as decentralized finance (DeFi), identity decentralization, and data privacy. He expressed particular interest in transactional businesses, exchanges, payment solutions, and swaps leveraging ZK technology in the early stages of development.
Moreover, Krekotin emphasized the growing interest of major players like Visa (NYSE:V) and JP Morgan in crypto and highlighted the potential for zero-knowledge technology to extend its reach into finance, healthcare, supply chain management, and insurance industries. He provided a compelling example of how ZK technology could enable real estate developers to monetize data without revealing sensitive information to competitors.
In response to a question about decentralizing sequencers and establishing trustlessness, Krekotin deferred to technical experts but suggested exploring sequencer projects as potential investment opportunities.
Concluding the presentation, Krekotin expressed gratitude to the audience and yielded the floor, leaving attendees with a deeper understanding of ZK Roll-Ups and their potential impact on various industries.
This article was originally published on Crypto.news