New Zero-Knowledge Proof Technology Enhances Access and Verification on Ethereum Blockchain
Summary:
A new zero-knowledge proof technology is set to enhance access and verification of historical data on the Ethereum blockchain. Herodotus has developed an on-chain accumulator using storage proof cryptography, enabling users to verify data without a third-party. The accumulator acts as a cache for block headers, reducing verification time. This innovation aligns with blockchain principles of transparency and accessibility, offering potential applications such as account recovery and automated insurance protocols.
A groundbreaking technology called zero-knowledge proof (ZK-proof) is set to revolutionize the accessibility and verification of historical data on the Ethereum (ETH) blockchain. Herodotus, a technology firm, has released an on-chain accumulator that utilizes storage proof cryptography to allow users to verify data from any point on Ethereum's blockchain without the need for a third party. This solution incorporates StarkWare's STARK proving, which was co-invented by mathematician Eli Ben-Sasson. StarkWare provided Herodotus with a customized version of its shared prover service SHARP, enabling efficient scaling through recursive proofs. The on-chain accumulator acts as a cache for storing block headers, reducing the time required to verify the Ethereum blockchain and associated data. With this technology, users no longer have to traverse the entire blockchain on the blockchain itself. Storage Proofs, according to StarkWare, have the potential to replace cross-chain bridges that rely on third-party oracles for data verification. Herodotus co-founder, Kacper Koziol, believes that this accumulator addresses the need for transparency and accessibility in Ethereum's ecosystem. It will empower users to prove the accuracy of any aspect of on-chain information. This technology opens up possibilities for "Web2 equivalent applications" and can be applied to various use cases such as account recovery and automated insurance protocols triggered by historical on-chain events.
Published At
9/1/2023 9:31:23 AM
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