How Electron Cuts ZK Proving Costs by 95% with Garvit Goel

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The Interop

Interop Ventures

130 episodes

1 day ago

Technical deep dives with the entrepreneurs and developers building the decentralized economics networks which make up the Interchain. The Interop is hosted by crypto investor and podcaster @seb3point0.

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How Electron Cuts ZK Proving Costs by 95% with Garvit Goel

The Interop

40 minutes

10 months ago

How Electron Cuts ZK Proving Costs by 95% with Garvit Goel

In this conversation, Garvit Goel, CEO of Electron, discusses the advancements and future plans of Electron, a platform designed to significantly reduce the costs associated with verifying zero-knowledge (ZK) proofs on Ethereum and other blockchains. The discussion covers the launch of their flagship product, Quantum, the integration of various proving systems, the importance of decentralization, and the potential future use cases for ZK technology. Garvit emphasizes the need for a universal aggregation layer and the competitive landscape in the ZK ecosystem, while also addressing the challenges and opportunities that lie ahead for Electron and its partners.

💡 Total gas cost saved by Electron 🎧 Listen to The Interop on Youtube

📚 Chapters 00:00 Introduction 01:20 Electron’s Mission 03:30 Why ZK Proofs Are Expensive 05:50 Quantum: The Aggregation Layer 08:46 Supporting Multiple Proving Systems 12:00 Innovations in Aggregation 16:34 Decentralizing the Prover Network 22:09 Protocols Using Quantum 27:41 Use Cases for ZK Rollups 35:06 Plans for Bitcoin and Other L1s 38:34 Mainnet and Future Plans 🌐 SocialsElectron's Official Website: electron.dev Stay connected with Electron: X : @ElectronZK

Follow Garvit Goel: GitHub: garvitgoel Medium: garvitgoel.medium.com Instagram: @garvitgoel_

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