Cointime

Download App
iOS & Android

CESC ‘22: Field Notes from The ZKP Workshop

Field notes is a series where we report on the ground at significant industry, research, and other events. In this edition, Valeria Nikolaenko, a Research Partner with the a16z crypto lab, reports on the Zero Knowledge Proof Workshop from the Crypto Economics Security Conference (CESC), which took place on October 30 at the University of California at Berkeley. The program aimed to bring together researchers and practitioners to showcase and discuss the most recent developments in blockchain and web3. You can watch recordings of the presentations here.

  • Yupeng Zhang (Texas A&M University) presented a tutorial on recent development of ZKP systems, an exceptional overview of different approaches to building zk proof systems, mapping them across 4 axes: poof succinctness, prover and verifier efficiency, and transparent vs. trusted setup.
  • Dan Boneh (Stanford University) presented an overview of abstraction of IOPs in general and Plonk polynomial-IOP in particular.

Dan also explained a new system called HyperPlonk, which can eliminate expensive FFTs on the prover’s side and handles gates of high degree much more efficiently, reducing both prover’s time and proof’s size. The interesting parameter to remember is that FFTs dominate the prover’s time when the number of gates is above 220.

  • Tiancheng Xie (UC Berkeley) presented on the zkBridge (read the paper here), highlighting the importance of better design for bridges in light of numerous recent hacks (Ronin Bridge exploitWormhole hackNomad bridge drain, and so on). zkBridge minimizes trust and improves performance with deVirgo zero-knowledge proof system.
  • Dawn Song (UC Berkeley) announced zkCollective – a foundation for secure cross-chain interoperability. The form to participate in the effort can be filled out here.
  • Leo Fan (Cysic) highlighted their results for accelerating multi-scalar multiplication (MSM) on FPGA for zk-prover’s, where MSM often accounts for more than 50% of prover’s time. They are estimated to be faster than comparable efforts (PipeMSM and CycloneMSM). Their ultimate goal is to build an ASIC.
  • Marek Olszewski (Celo) gave a great demo on running Celo’s light client, Plumo, which has been 2 years in development and launched this year. The client is developed as a massive circuit with 227 gates, and powered by an optimistic powers-of-tau ceremony that can be useful for other projects. Community members are generating SNARK-proofs daily (after each epoch change), a proof takes ~1 hour on a 256-core machine. Their WASM library allows the verification of the proofs from web apps.
  • Howard Wu (Aleo) presented the ideas behind the design of Aleo, which builds a blockchain for private transactions that permits concurrency and efficient state updates.
  • Jeremy Bruestle (Risc0) explained the design rationale behind building a zkVM for RISC-V instruction set implemented with zkSTARKs. RISC-V has a very small set of instructions (<40), well supported by different compilers, fully open. And, most importantly, it’s designed for efficient hardware implementations, which implies efficient circuit design for zk proofs.
  • Uma Roy (Succinct Labs) gave an overview of a way to succinctly verify Ethereum’s consensus with zkSNARKs with proving time is only 1 minute.

***

Valeria Nikolaenko is a Research Partner at a16z crypto. Her research focuses on cryptography and blockchain security. She has also worked on topics such as long-range attacks in PoS consensus protocols, signature schemes, post-quantum security, and multi-party computation. She holds a PhD in Cryptography from Stanford University under advisorship of Professor Dan Boneh, and worked on the Diem blockchain as part of the core research team.

***

The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

Comments

All Comments

Recommended for you

  • Trump Shares Op-Ed Claiming He is Winning the War Against Iran

    On August 29, U.S. President Trump shared a commentary article from the New York Post on Truth Social on Saturday, which stated that he is winning the war against Iran and should maintain the current strategy. The title of the article Trump shared read: 'Trump is Winning the War Against Iran - Stay the Course.'

  • Morgan Stanley: 2028 as a Key Observation Point for Global Memory Competition Landscape

    On August 29, Morgan Stanley pointed out that the rise of Chinese memory manufacturers should not be viewed merely as a technological catch-up or low-cost substitution; what is truly noteworthy is that their production capacity may gradually become large enough to alter the supply structure of the global memory market. Changxin Technology and Yangtze Memory Technologies are currently entering the mainstream product market and gradually extending into high-profit markets such as HBM, high-end server DRAM, and enterprise SSDs. Morgan Stanley considers 2028 as an important observation point for the global memory competition landscape. From 2026 to 2027, demand for AI servers, capacity crowding of advanced wafers by HBM, import substitution, and the time required for customer certification may absorb most of the new supply from Chinese memory manufacturers. By 2028, as Chinese manufacturers expand production, the additional capacity from Samsung, SK Hynix, and Micron, which had previously initiated expansions, will also be released. At that time, the supply variables in the global memory market will significantly increase. Morgan Stanley estimates that Changxin's DRAM monthly production capacity will rise from 180,000 wafers in 2025 to 300,000 in 2026, accounting for approximately 13% of global DRAM wafer capacity and about 11% of bit shipments; by 2028, it is expected to further increase to 500,000 wafers, and by 2031, it could reach 800,000 wafers. If the expansion proceeds smoothly, Changxin's global DRAM bit shipment market share could approach 15% by 2030, and it may even have the opportunity to surpass Micron in production capacity around 2028, becoming the third-largest DRAM supplier in the world.

  • US Spot Ethereum ETF Sees Net Inflow of $102.17 Million Yesterday

    On August 29, according to monitoring by Trader T, the US spot Ethereum ETF recorded a net inflow of $102.17 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $102.17 Million

    On August 29, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net inflow of $102.17 million yesterday.

  • US Spot Bitcoin ETF Sees Net Outflow of $201.81 Million

    On August 29, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $201.81 million yesterday.

  • US Spot Bitcoin ETF Sees Net Outflow of $201.81 Million Yesterday

    On August 29, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $201.81 million yesterday.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49. The 24-hour decline has narrowed to 3.23%. Due to significant market fluctuations, please ensure proper risk management.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49, with a 24-hour decline narrowing to 3.23%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Briefly Drops Below $77,000

    Market data shows that BTC briefly fell below $77,000, currently reported at $77,694, with a 24-hour decline of 3.3%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Briefly Drops Below $77,000

    Market data shows that BTC briefly fell below $77,000, currently reported at $77,694, with a 24-hour decline of 3.3%. The market is experiencing significant fluctuations, so please ensure proper risk management.