Vitalik: The encryption industry is entering the early stage in terms of L2 cost drop, ZK-SNARKs, and account abstraction

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Odaily Planet Daily News Vitalik Buterin replied to a netizen in X, saying:"The real early key thing is that L2 can finally afford it. Since 2020 (if not earlier), I have been saying that only when the transaction fees are cheap, the entire 'not just high-value Decentralized Finance' part of the encryption field can play a role. It was not until March of this year that they really became a reality. If I were to choose the second and third early areas, that would be: 2. ZK-SNARKs and use cases (zupass, railway, 0xbow, rarimo, etc.) are finally approaching maturity. 3.account abstraction ZK-email (and similar centralized ID zk-wrapper) is particularly important as it connects the two.

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GateUser-4b09d457vip
· 2024-09-16 00:25
Thank you for your report.
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