=Nil; Foundation unveils advanced zkEVM to enhance Ethereum’s security and scalability =Nil; Foundation unveils advanced zkEVM to enhance Ethereum’s security and scalability
Through zkSharding and automated circuit compilation, =nil; aims to boost Ethereum transaction speeds drastically.
2 min read
Updated: Dec. 12, 2023 at 6:22 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
=nil; Foundation, an Ethereum infrastructure developer, has unveiled its latest innovation: a proprietary Type-1 zkEVM (Zero-Knowledge Ethereum Virtual Machine) powered by zkLLVM, an automated circuit compiler, according to a Dec. 12 statement shared with CryptoSlate.
The Foundation said the unveiled zkEVM technology powers its innovation =nil;, a zkRollup solution designed to significantly enhance Ethereum’s scalability to over 60,000 transactions per second (TPS) via zkSharding.
The cutting-edge zkEVM also bolsters =nil;’s zkRollup functionality on the Ethereum mainnet, promising enhanced security while maintaining full compatibility with the blockchain network.
=nil;’s automated circuit compiler, zkLLVM, stands out by enabling the compilation of high-level code—such as C++ or Rust—into efficient zk-SNARK circuits. The integration of zkLLVM empowers the zkEVM to operate autonomously, eliminating the need for human intervention in its core processes and reducing the risk of human error.
Key features of Type-1 zkEVM
The =nil; Foundation highlighted how its zkEVM addresses critical security concerns in existing zkEVM solutions.
During the past year, numerous zkRollups have debuted on the Ethereum mainnet following the pressing demand for scalability. However, security apprehensions have surfaced due to vulnerabilities identified in audits. Ethereum co-founder Vitalik Buterin had cautioned against the risks of hacking these intricate systems.
=nil; asserts that its zkEVM circumvents these issues through its automated process. Not only does this automation mitigate human error, but it also simplifies and reduces the cost of auditing the zkEVM. This ease of auditing is attributable to the automated process and the use of mainstream programming languages, enhancing comprehension for a wider audience.
Moreover, =nil; revealed that its zkEVM boasts seamless upgradability and high adaptability to the Ethereum Virtual Machine (EVM). The zkLLVM’s automated circuit compiler enables easy recompilation of the circuit in response to any parameter modifications.
Additionally, the firm emphasized the compatibility of its zkEVM with evmone, a C++ version of Ethereum’s base execution environment. This compatibility underpins its improved security and expedites implementation.
Since 2018, the =nil; Foundation has been actively researching and developing Ethereum scalability infrastructure. In addition to zkLLVM and =nil zkRollup, it introduced the Placeholder Proof System and native Proof Market earlier this year.
Earlier in the year, the company secured $22 million in a funding round that included Polychain Capital.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Vitalik Buterin stands as the pioneering force behind Ethereum, a transformative community-driven platform that fuels the cryptocurrency ether (ETH) and underpins a myriad of decentralized applications.