Ethereum stands at a critical juncture. The significance of zero-knowledge proofs (ZK) is increasing every year, potentially becoming the cornerstone for privacy and scalability in blockchain. However, the current Ethereum architecture is ill-equipped to meet the rising demands of proof verification.
The Rise of ZK Proofs
Predictions suggest that by 2030, approximately 90 billion ZK proofs will be generated annually. These technologies are becoming central to ensuring privacy and scalability in web3, ranging from rollups to specialized dApps.
Issues with Current Verification System
Currently, Ethereum is unable to cope with the anticipated volumes of ZK proof verification. If all network resources are utilized, the number of verifiable proofs will make up less than 0.2% of the projected amount, leading to soaring gas prices and making the service inaccessible for most users.
Ways to Improve ZK Proof Verification
One of the solutions is alternative verification layers, such as zkVerify, which can provide fast and cost-effective ZK proof verification. A modular approach allows for reduced costs while maintaining a high level of proof validation. Discussions within the Ethereum community already demonstrate that such innovations can be integrated without compromising security.
With the growing popularity of ZK proofs, Ethereum must evolve its verification methods or risk losing its potential and resilience. Actions should be taken to integrate alternative solutions in order to prepare for future challenges.
