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ZK proofs could help online privacy by only revealing relevant user information, solving the internet's “biggest problem,” says Brennen Schlueter. Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today — privacy, according to one cryptocurrency executive. Speaking with Cointelegraph at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused infrastructure platform Aleo, Brennen Schlueter, said while ZK proofs have become a popular solution to provide blockchains with improved scalability through ZK rollups, they have the potential to reshape the entire internet . ZK proofs enable the transfer of information to take place between two parties in which the originator only needs to reveal relevant information to the receiver. For example, to prove an individual is of age to enter a bar without revealing their actual age or identity to a security guard. Schlueter said the modern internet was not built to prioritize the...

Ethereum scaling remains the primary use case behind zero-knowledge proofs according to a report from ZKValidator. Ethereum (ETH) scaling protocols are dominating the use of zero-knowledge (ZK) rollups, with major launches, new research and healthy competition key points in a sector report published by ZK Validator. The node infrastructure operator’s “State of ZK Q2” report reflects on significant events across the ZK ecosystem, with notable launches of ZK-powered layer 2's highlighting the use of the technology on scaling in comparison to other market segments. ZK-proofs use cryptography to allow one party to prove to another party that certain information is correct, without revealing any data. They present a solution to trust and privacy in digital environments and have been pivotal in scaling layer-1 blockchain protocols . A poll put out to some 18,000 followers of the Zero Knowledge Podcast provided the sample for a community gauge on the most important applications of ZK-...

The much needed upgrade will provide a number of improvements across the network, and come at a time when competition in the Layer 2 space has been heating up. Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum. The Optimism team stated via a May 15 Twitter thread that the network will be down for 2-4 hours on June 6 as the upgrade goes through. “On upgrade day, transactions, deposits, and withdrawals will be unavailable for the duration of the downtime, and the OP Mainnet chain will not be progressing,” an accompanying blog post reads. The official date of OP Mainnet’s upgrade to Bedrock has been set: June 6, 2023 at 16:00 UTC! The upgrade will require 2-4 hours of downtime for OP Mainnet. Visit Mission Control for full details on what to expect:https://t.co/o6UjKZaVKy — Optimism ...