“zk-SNARKs will be as important as blockchains in the next 10 years,” Ethereum co-founder Vitalik Buterin said at EDCON. said.
EDCON, the Ethereum developer conference held in Montenegro this year, has entered its third day. Vitalik Buterin, co-founder of Ethereum, took the stage on the second day of the event, which started on May 19 and will last until May 23.
In his talk titled “#Ethereum ’s three big technical challenges: Scalability, privacy and user security,” Buterin addressed zk-SNARKs*. “zk-SNARKs will be as important as blockchains in the next 10 years,” the co-founder said. said.
Buterin suggested in a blog post in 2021 that zk-SNARKs could help overcome the scalability and privacy problem.
EDCON is one of the largest gatherings of the Ethereum and blockchain communities. The conference was held in Paris in 2017, Toronto in 2018, Sydney in 2019, online in 2020-21, and San Francisco in 2022. More than 50 speakers attended this year, including Vitalik Buterin, Tim Beiko, Skylar Weaver, Balaji Srinivasan. EDCON hosted more than 100 thousand participants in 7 events held so far.
*zk-SNARK is a powerful encryption technology to prove something is true without providing more information.
