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recent vitalik buterin Discussed It is a technology that can significantly strengthen the Ethereum main network. The technology involves switching Ethereum's current system to a “Verkle tree,” making the network more “zk-friendly.” This makes it more compatible with zero-knowledge proofs, or methods of proving knowledge of information without revealing the information itself.
Buterin points to the current limitations of the Kecak-Markle-Patricia tree, which is part of Ethereum's infrastructure. The main problem is that the “witness size” (the amount of data needed to prove a transaction) is huge and can reach up to 300 MB. Such a size is impractical for processes that need to be lean and efficient, such as zero-knowledge proofs.
Verkle trees, on the other hand, are designed with zero-knowledge proofs in mind. These use different types of encryption techniques and are based on specific types of mathematical curves that are better suited for this purpose. The switch to Verkle trees helps apply zero-knowledge proofs to layer 1 of Ethereum.
Polygon's zkEVM Type 1 was recognized for advancing the aforementioned technologies. The network uses the necessary computational power to quickly process proofs. The Ethereum community is leaning towards adopting Verkle trees rather than tweaking the existing system as proposed in proposals like EIP-3102.
Enhancements that improve efficiency and scalability typically have a positive impact on the value of digital assets. However, implementing a Verkle tree could lead to faster transactions and lower costs, potentially attracting more users and developers to the Ethereum network. This increased activity and demand could cause the price of Ethereum to rise.
