ETH Foundation researcher: BeamSNARKs Algorithm will accelerate the transition of ETH to the 3.0 era by speeding up ZKP of BeamChain.

2024-11-29 08:12:27

Abstract generation in progress

Deep Tide TechFlow News, on November 28th, ETH Foundation researcher Justin Drake released a paper disclosing details related to the BeamSNARKs Algorithm. BeamSNARKs is an enhanced ZK Algorithm that allows the prover to prove the authenticity of the statements to validators without revealing underlying data or requiring interaction.

For Ethereum, BeamSNARKs developed and implemented by Moonchain are revolutionary in terms of privacy and scalability. In terms of privacy, BeamSNARKs allows for the verification of transactions or computations without exposing sensitive data, supporting use cases such as Confidential Transactions and private Smart Contracts.

It is reported that Beam Chain is an essential consensus layer improvement for ETH 3.0. This is a proposal to redesign Ethereum announced by Justin Drake at DevCon. Ethereum is expected to take several years to fully transition from the PoS era to the ZK era, at which point Ethereum itself will be fully capable of ZK.

ETH0,35%

ZK4%

BEAM-2,41%

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