In a recent live session from the Permissionless conference, Mashiur Mutmainnah, Head of Ecosystem at RiscZero, shared valuable insights on the role of zero-knowledge (ZK) proofs in the blockchain space. The discussion, hosted by The Rollup, highlighted the significance of teams like Hyli in pushing the boundaries of blockchain technology.
The Role of ZK Proofs in Blockchain
Mashiur Mutmainnah emphasized the importance of ZK proofs, particularly in the context of rollups. "Yeah, it is actually majority of the teams that I mentioned. Obviously a lot of the proofs also come from rollups primarily," she noted. This underscores the growing reliance on ZK proofs to enhance the scalability and security of blockchain networks.
For those new to the concept, ZK proofs allow one party to prove to another that a statement is true without revealing any additional information. In blockchain, this technology is crucial for maintaining privacy and efficiency, especially in rollups, which are Layer 2 solutions that bundle multiple transactions into a single proof.
Hyli's Revolutionary Approach
Mutmainnah also shed light on Hyli, a team making significant strides in the blockchain ecosystem. "We actually have a team called Hyli. I don't know if you guys have heard of this team? They're pretty revolutionary," she said. Hyli is building a new proof-powered Layer 1 (L1) blockchain from the ground up, aiming to redefine what modern blockchains should look like.
Hyli's approach is particularly noteworthy because it focuses on developer experience and application development. Mutmainnah explained, "I think they've built an L1 from the ground up as to what it would look like today and they're doing quite a lot of significant order flow specifically because they're thinking about this problem from similar to us like what does it look like on the ground up and what is the outcome that we want for developers in the future, right?"
Implications for Developers and Users
The discussion also touched on the broader implications for developers and users. Mutmainnah highlighted the challenge of building applications across multiple chains and the constraints imposed by existing infrastructures. "Do you want developers to build applications on one chain and then have to duplicate the logic and manage multiple repos and be constrained honestly by the chains that there are or by the change of a want a service rather than their users," she questioned.
Hyli's focus on gaming applications and ZK interoperability suggests a future where developers can create more seamless and user-centric applications. "They have a lot of these gaming applications but I think is actually going to be what ZK Interop also unlocks," Mutmainnah added, pointing to the potential of ZK technology to revolutionize application development.
Testing the Network
Finally, Mutmainnah expressed gratitude for Hyli's role in testing the network. "They're definitely testing the network at its peak and I'm really grateful for it," she said. This rigorous testing is crucial for ensuring the robustness and reliability of new blockchain technologies, especially as they approach peak performance.
The insights from Mashiur Mutmainnah at the Permissionless conference provide a glimpse into the evolving landscape of blockchain technology. With teams like Hyli leading the charge, the future looks promising for developers and users alike, thanks to the power of ZK proofs and innovative L1 solutions.
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