Vitalik Buterin, Ethereum’s chief executive officer has invited researchers to participate in a cryptographic analysis program called Poseidon as Ethereum considers switching from the Poseidon hash to enhance the zk-proof capability of the cryptocurrency.
He is a recent post on XVitalik Buterin was a founder of Ethereum.ETHPoseidon is a cryptographic analysis software that has been endorsed by. Vitalik considers switching to Poseidon’s hash function in order to enhance the way it functions with zk-provers Tools for privately verifying transactions. To help make this decision, Ethereum wants more information about Poseidon’s security, and they’ve extended the deadline to apply for the funding program to March 15.
On Nov. 20, 2022, there will be a proposed called Ethereum Improvement Proposal (EIP) 5988 The idea of adding a contract that was already pre-written to the Ethereum Virtual Machine Implementing the Poseidon Hash Function will improve interoperability of the EVM with zero-knowledge rollsups.
Ethereum has not yet implemented EIP 5988 or made any major updates since the proposal was introduced. However, there is still a serious consideration of implementing Poseidon.
It is important to note that the word “you” means “you”. Poseidon hash functionCompared to long-standing hash functions such as SHA-256 or Keccak that have been tested extensively and are well-established,, launched in 2019, is relatively young. SHA-256 and Keccakt, however, aren’t designed specifically for zero-knowledgeproofs. Poseidon, on the other hand, has been specifically designed to be used in zero-knowledgeproofs. Poseidon, although it is not as thoroughly tested as SHA-256/Keccak or SHA-512/Keccak has already been used by Ethereum’s layer-2 system and many other blockchain projects.
Ethereum’s research into the Poseidon function is only a part of its larger efforts to improve the performance of the network. The most notable is the long-awaited Pectra upgrade On April 8, the upgrade is expected to be launched. It aims at improving Ethereum’s scaleability, increasing layer-2 performance, and increasing validator reward. This upgrade follows the recent Dencun hard fork—which rolled out in March 2024, significantly slashing transaction fees For layer-2 networks.
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Source: crypto.news
