Special research on blockchain industry: leading to Web3 0 entry: zero knowledge proof and EVM

\u3000\u3000Web2. 0 leads to Web3 What are the practical entry technologies in the 0 journey?

In web2 0 to Web3 In the process of 0 evolution, data, asset account interoperability and application interoperability are two particularly key issues. The former involves consensus transmission between different ecosystems, including on chain and off chain consensus transmission; The latter is a pragmatic issue in the process of application deployment. Although Web3 0 the world is as vast as the sea of stars, web2 0 to Web3 0 evolution requires continuous exploration in practical technology and credit transmission mechanism.

At present, zero knowledge proof and EVM are two very practical technologies, which become web2 0 to Web3 Two important entrances to 0 evolution. Zero knowledge proof provides a convenient and practical verification method Data / accounts outside 0 (outside the chain) can easily obtain online verification and Web3 0 ecological trust, which makes it possible for data / asset exchange. At the same time, the so-called Web3 0 ecology, which is mainly based on Ethereum, connects Ethereum ecological flow into Web3 0 is an important entrance to the world. Therefore, EVM has become a very practical infrastructure and technology. Web2. 0 ecology can also try to connect with Ethereum through compatibility with EVM to realize the interoperability of applications.

Zero knowledge proof can share the computing function, and the chain is only responsible for security and verification. The combination of zero knowledge proof and the consensus of blockchain can reduce the network cost. One device can run the calculation. The reliability of the chain is verified by cryptography instead of repeated calculation. In the costly blockchain network, verifying the correctness of the calculation is much cheaper than repeated calculation. Therefore, the blockchain is only responsible for the consensus and security of the network, while some computing work can be handed over to zero knowledge proof and completed outside the blockchain network. On the whole, it not only improves the scalability, but also has the security and consensus of blockchain network. This point is in our “where should Web 3.0 programs run?” Detailed in the report. Representative projects in the application of zero knowledge proof include zksync, Mina, etc.

Due to the strong ecology of Ethereum, if other public chains want to deploy the original Ethereum Ecological Applications (such as defi Application Protocol), deploying EVM becomes the quickest path. Ethereum’s asset account, contract program execution, ERC series tokens (including erc20 standard token and erc721 standard NFT) all rely on EVM. A platform with EVM deployed is connected to Ethereum in terms of token standards and contract procedures. This means that the original Ethereum ecological application protocol can be seamlessly translated to the new public chain deployment. For its users, EVM is also. It is insensitive to experience DAPP in other public chains, which is similar to operating on Ethereum. It can be said that the deployment of EVM has become the standard configuration of most public chains.

For the actual application deployment, EVM not only provides a “lazy” and practical entrance for the non Ethereum public chain, but also we can’t help but imagine that web2 Can 0 ecology seamlessly connect with Ethereum in terms of data status, asset accounts and contract procedures through the deployment of EVM? Can you imagine such a scenario that the stock exchange can realize the cooperation with Ethereum and even other Web3.0 through the deployment of EVM Asset transfer and interoperability between 0 ecosystems? Blockchain synthetic asset platforms like synthetix, mirror and UMA are equivalent to Web3 0 world manufacturing web2 Shadow and mapping of 0 assets. Can we make Web2.0 through EVM 0 assets directly and positively enter Web3 0 world? For example, get Web3.0 directly through email and mobile phone number 0 world pass? In any case, EVM is a very pragmatic infrastructure application.

Risk tip: the implementation of blockchain business model is not as expected; Regulatory policy uncertainty.

- Advertisment -