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EY Releases Nightfall 3 — Protocol Aims to Bolster Private and Affordable Ethereum Transfers – Technology Bitcoin News


EY Releases Nightfall 3 — 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. ....

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EY Contributes Zero Knowledge Proof or ZKP Layer-2 Protocol for Addressing Rising Ethereum Transaction Costs

EY Contributes Zero Knowledge Proof or ZKP Layer-2 Protocol for Addressing Rising Ethereum Transaction Costs
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Ernst & Young Global Limited (via Public) / EY contributes a zero-knowledge proof layer 2 protocol into the public domain to help address increasing transaction costs on Ethereum blockchain


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. ....

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