Boost

Read

Security

mirror

Evolution

Andreessen Horowitz’s crypto division, <a href="https://coingape.com/eigenlayer-secures-100m-investment-via-andreessen-horowitz-venture-firm/">A16z Crypto</a>, has introduced Jolt, a Zero-Knowledge Virtual Machine (zkVM). This development is expected to improve blockchain systems by using zero-knowledge proofs ability, specifically SNARKs (Succinct Non-Interactive Arguments of Knowledge), to achieve scalable ZK-rollups in the Layer 2 space.&nbsp; 
<h2 id="zero-knowledge-virtual-machine">Zero-Knowledge Virtual Machine</h2> 
Jolt comes in as a remedy in the blockchain technology meant to speed up and improve the scalability of blockchain networks. The foundation of Jolt is SNARKs, an advanced version of zero-knowledge proof that allows the implementation of scalable <a href="https://coingape.com/bitcoins-first-zk-rollup-makes-grand-emergence-heres-what-it-solves/">ZK rollups</a>. 
This technology provides the implementation of a major part of computational work and so blockchains can process and verify transactions faster and more securely. Using SNARKs integration speeds up the process of compressing and verifying computational tasks without the verifier undertaking any reproduction of the computations. 
<h2 id="a16z-crypto-enhancing-scalability-and-security">A16z Crypto Enhancing Scalability and Security</h2> 
Jolt’s launch is considered to be a milestone of the A16z Crypto’s deep tech research journey, which is an indication of the venture firm’s move into a part-time computer science researcher and builder. In addition, A16z Crypto wants to contribute to the blockchain ecosystem by releasing Jolt, an open-source software that makes blockchain processes faster and safer. 
The design paradigm on which Jolt is built adds simplicity for functionality extension and auditing, allowing developers to create security attributes. Moreover, Jolt is 2X faster than existing zkVM solutions, which means that the performance improvement is huge. This makes the development and execution of blockchain applications completely different. 
<h2 id="a-catalyst-for-blockchain-evolution">A Catalyst for Blockchain Evolution</h2> 
Simultaneously, Jolt is used together with Lasso, another technology from A16z Crypto that implements a fast prover system for rollups by using a ‘lookup argument.’ This synergy is crucial for enhancing the ability of <a href="https://coingape.com/blockchain-market-to-see-spillover-as-morgan-stanley-cuts-teslas-price-target/">blockchain </a>applications to scale, where sophisticated operations can be undertaken off-chain but still ensure on-chain verification integrity. 
Nevertheless, Jolt’s use cases may go beyond enhancing the sustainability and efficiency of blockchain systems. It is also applicable in <a href="https://coingape.com/markets/5-layer-2-crypto-to-buy-aiming-100x-after-ethereum-dencun-upgrade/">Layer 2 </a>blockchains, cross-chain bridges, and other sectors where effective and verifiable computations are needed. 
The forays of Andreessen Horowitz in deep tech research through the Jolt and Lasso projects mirror the firm’s commitment to advancing the blockchain industry. With open-source technologies to solve the issues related to blockchain scalability and security, A16z Crypto paves the way for the next generation of blockchain development. 
Read Also: <a href="https://coingape.com/senator-warren-stresses-on-aml-compliance-for-crypto-validators/?utm_source=cgtelegram">Senator Warren Stresses On AML Compliance For Crypto Validators</a> 
The post <a href="https://coingape.com/a16z-crypto-launches-jolt-to-boost-blockchain-with-zk-proofs/">A16z Crypto Launches Jolt to Boost Blockchain with ZK Proofs</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

A16z Crypto Launches Jolt to Boost Blockchain with ZK Proofs

Table of Contents

Coingape News Media

Other articles published on Apr 9, 2024

Coinbase Wins Legal Case: A Positive Turn for Crypto Industry

Highest ROI crypto BlockDAG’s 20,000X ROI Projection Lures Ethereum Classic Holders: Chainlink Pr...

Solstorm: The Next-Gen Solution For Solana-based IDOs

Crypto News April 9: US Data Frenzy Sparks Crypto Turbulence

Coinbase's Top Lawyer Urges Congress to Pass Stablecoin Bill

Lumoz Yields $6 Million Funds and Closes Its Series B Round, at a Valuation of $120 Million

Join our free newsletter for daily crypto updates!