Robert Johnson, Senior Investment Advisor of Ethereu Foundation, predicts the new Nightfall Layer2 solution could help the mass adoption of blockchain technology.
EY Releases Nightfall 3 â Protocol Aims to Bolster Private and Affordable Ethereum Transfers
EY, the multinational professional services network commonly known as Ernst & Young, has announced the company has contributed a set of tools for privately managing transactions on the Ethereum network. EY’s global media relations executive Joanna Hardy explained on Thursday how the company’s protocol helps ethereum transaction fees become more affordable and it enables the private transfer of ether.
Professional Services Giant and Big Four Member EY Releases Ethereum Protocol Nightfall 3
EY is a well known professional and financial services brand and the company headquartered in London has been working with blockchain and cryptocurrency solutions for quite some time. While EY is one of the largest professional services networks on a global scale it is also a member of the “Big Four” accounting firms.
EY Contributes Zero Knowledge Proof or ZKP Layer-2 Protocol for Addressing Rising Ethereum Transaction Costs crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
07/01/2021 | Press release | Distributed by Public on 07/01/2021 13:48
EY contributes a zero-knowledge proof layer 2 protocol into the public domain to help address increasing transaction costs on Ethereum blockchain
Protocol enables private transfer of Ethereum tokens
Improves efficiency and developer friendliness
Integrates rollup technologies to conduct transfers at an affordable price
EY today released a new set of tools for privately managing transactions on the Ethereum blockchain. The project, known as Nightfall 3, combines zero-knowledge proofs (ZK or ZKP) with a new model for handling transaction verification to increase efficiency and reduce transaction costs known as an optimistic rollup. The combined protocol is known as a ZK-Optimistic Rollup.
EY contributes a zero-knowledge proof layer 2 protocol into the public domain to help address increasing transaction costs on Ethereum blockchain prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.