Welcome to the Ethereum Engineering Group. In this talk Peter Robinson will present his thoughts on the requirements of a consensus algorithm to be used as part of a decentralized sequencer for ZK Rollups.
ZK Rollups, short for zero-knowledge rollups, are a layer-2 scaling solution for blockchains, such as Ethereum. They move the computation and storage of transactions off-chain, significantly increasing transaction throughput and reducing costs. ZK rollups bundle transactions into batches off-chain and then periodically post a summary of these transactions on the main blockchain, using zero-knowledge proofs to ensure their validity. This approach allows for faster transaction speeds, reduced confirmation times, and enhanced transaction privacy. ZK rollups are maintained by on-chain smart contracts and rely on the base layer for data availability, settlement, and censorship resistance
📅 Wednesday, January 17, 2024
🕔 Time: 12:30 PM – 2:00 PM AEST
📍 Zoom call
✨ Ethereum Engineering Group is a meetup for software engineers, computer scientists, researchers, and technologists who want to understand the Ethereum platform and associated technologies.
Since March 2020, the Ethereum Engineering Group meetup has been run via Zoom, online. The timing during the day of the meetup depends on who is talking and what part of the world they live in.