- Coinbase plans to add a second proof-of-transaction concept, ZKP, to Base. At the moment, there are OP rollups online.
- A spokesperson for the exchange noted that developers don’t want to choose between the two. Instead, both options will appear on the blockchain.
The head of protocols at cryptocurrency exchange Coinbase, Jesse Pollack, announced the integration of zero-disclosure proofs (ZKP) on the Base blockchain, The Block reports.
OP rollups and ZKP are the two primary methods of transaction confirmation available on Ethereum’s L2 networks. The former assumes that the transaction is successful until the contrary is asserted. The second provides proof of legitimacy for all transactions, which is more reliable but more expensive, the publication noted.
An example of a blockchain that relies on ZKP is Zcash. The protocol uses zk-SNARKs proofs that both verify the transaction against consensus and store them in encrypted form.
This also includes Polygon zkEVM. As a reminder, Espresso Systems launched the first decentralized sequencer in one of the network forks.
“Right now, people are talking about OP stack accumulation packages and comparing them to zk. To that we said, “No, we’re not going to create just another optimal solution. It will be an open source project, customizable and efficient”. Ultimately, we want to have both,” Pollack noted.
As a reminder, Coinbase has already launched a Mainnet Base for developers. The network is expected to be available to the public in early August.
The network is expected to be available to the public in early August.