According to a press release provided to CoinDesk, Mir’s system generates recursive zero-knowledge proofs that allow “allow many Ethereum transactions to be verified with a single tiny proof.” This will purportedly make Mir one of the fastest and most efficient layer-2 options. Zero-knowledge proofs are a cryptography technology that allows for the verification of information, such as a transaction on the blockchain, without revealing the specific details or contents of that information.
Related posts
-
JPMorgan Predicts ‘Negative’ Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFs
JPMorgan has predicted an initial negative market reaction for spot ethereum exchange-traded funds (ETFs), expecting lower... -
NFT market slumps over 7%: Ethereum leads despite declinee
The non-fungible token (NFT) market experienced another sluggish week, with overall sales dipping by 7.5% over... -
Cathie Wood’s Ark Invest Halts Spot Ethereum ETF Plans
Cathie Wood’s Ark Investment Management has withdrawn from the...