complex tech always looks over engineered until it unlocks something obvious in hindsight. i think zkapps on $MINA live in that “not obvious yet” zone - working hard to close that gap with o1js. people laughed at the internet and mobile phones when they first became popular and now look where we are today
Contrary to popular belief, sometimes tech does matter, as it unlocks novel products that would otherwise be impossible.
Not saying this is responsible for the price movement, but all four projects build zk validiums:
- ZKsync Prividiums
- Scroll Cloak
- Mina zkApps
- Starkware StarkEx
State is managed off-chain but verified onchain, providing privacy and security.
Privacy: Validiums offer what I call "responsible" and pragmatic privacy: they provide individuals and businesses with privacy against public scrutiny, but the operator is responsible for, e.g., tracing hacks.
Security:
- Self-custody since ZK ensures the validity of state transitions
- Liveness via L1 forced inclusion
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