Zero Knowledge Rollup
Zero Knowledge Rollup is a layer 2 scaling solution in the field of blockchain technology, particularly used in Ethereum and other similar networks. It aims to improve the scalability and efficiency of blockchain networks by aggregating and processing multiple transactions off-chain, while still maintaining the security and trustlessness of the underlying blockchain.
In a Zero Knowledge Rollup system, transactions are bundled together off-chain and submitted to a smart contract on the main blockchain. Instead of including all transaction data in the main blockchain, Zero Knowledge proofs are used to provide cryptographic assurances that the transactions are valid without revealing their details. This allows for a significant reduction in the amount of data that needs to be stored and processed on the main blockchain, leading to improved scalability and lower transaction fees.
The 'Zero Knowledge' aspect of Zero Knowledge Rollup refers to the use of Zero Knowledge proofs, which enable validators to verify the correctness of transaction batches without needing to know the specific details of each transaction. This preserves the privacy of individual transactions while still ensuring their validity and security.
Overall, Zero Knowledge Rollup is a promising solution for improving the scalability and efficiency of blockchain networks, enabling faster and cheaper transactions without compromising on security or decentralization.