The Big Four Accounting company EY, formerly Ernst & Young, has modified its Ethereum Layer-2-Blockchain drawings organized by firms right into a rollup design with zero knowledge.
Ey said in an announcement on April 2 that the brand new source code of Nightfall, “Dightfall_4”, simplifies the architecture of the network and offers transactions near transactions for Ethereum, while making users more accessible than the previous optimistic roll-up-based version.
The Global Blockchain leader of EY, Paul Brody, told CoinTelegraph that switching to a ZK-Rollup model means “immediate finalness, but in addition simplifies the operations because they don’t need a challenger node to secure the network”, which checks the accuracy of the transactions.
The departure of optimistic rollups signifies that users potentially query false transactions on Ethereum and need to wait for the difficult time, which results in a faster final of the transactions.
There isn’t any such feature of zero-knowledge rollups, which implies that a transaction becomes final as soon because it is added to a dark block, said EY.
With Dighfall, it enables the corporate's business partners to transfer the safety of Ethereum privately and at the identical time to be cheaper than the essential network. It also uses a technology that binds a verified identity to a public key through digital signatures to contain the danger of the counterparty.
Nixted Tornado Cash sanctions “helped people feel comfortable”
Brody said that the Sanctions of the US Ministry of Finance for Foreign Assets (OFAC) against the Crypto Mixing Service Tornado Cash “had a relaxed influence on the legitimate change of business”.
“Although we took steps an extended time ago to make bad actors unattractive since it can’t be used anonymously, the removal of OFAC sanctions really helped people feel comfortable that the use of knowledge protection technology is not going to be dangerous,” he added.
While the code of Nightfall is open source on GitHub, Dighfall_4 has not yet gone live.
Brody said that the Blockchain team from EY on “a single environment supports payments, logic and composition”.
At the moment, the corporate needs darkness and Starlight, a tool with which intelligent contract code could be modified as a way to enable zero-knowledge evidence “to enable complex multi-part business agreements throughout the framework of privacy,” he added.
“We will initially spend a while to support Dighfall_4,” said Brody. “Then we are going to pass to the event of Dightfall_5.”
