The innovative Halo2 contract expands Cardano’s blockchain integration, offering advanced zero-knowledge proof applications and enhanced scalability.
Major Milestone for Cardano
Cardano has deployed its first zero-knowledge (ZK) smart contract, Halo2, on the mainnet. This breakthrough, using the Plutus v3 ledger language, integrates zero-knowledge proofs into the blockchain ecosystem, paving the way for advanced applications.
71579b77ab7d974eb31ef1b50d58f14f2ceac2bcf540aac50f777f56a8f24bff That’s the transaction hash of the very first ZK smart contract (Halo2) on Cardano mainnet Powered by the new Plutus v3, the zk era will bring both zkApps & partnerchains like @MidnightNtwrk settling on Cardano💪
Halo2 Revolutionizes Proofs
The ZK smart contract Halo2 enables secure transaction validation without revealing sensitive data. It allows integration with partner chains like Midnight, showcasing Cardano’s growing versatility.
Cost-Effective Transactions
The Halo2 proof verification required two transactions, costing 0.16 ADA to lock funds and 2.03 ADA to unlock them. This efficient process emphasizes cost-effective implementation.
Advanced zk-SNARK Technology
Halo2 employs a cutting-edge zk-SNARK proving system based on the PLONK protocol. It enhances security and eliminates the need for a trusted setup. Its modular design adapts to various cryptographic needs, addressing logistical challenges.
Benefits of Recursive Proofs
A standout feature of Halo2 is recursive proof support. This innovation divides computations into stages, improving performance, scalability, and proof aggregation for real-world applications.
Expanding Blockchain Potential
Halo2 represents a step forward for Cardano’s blockchain. By enhancing efficiency and reducing costs, it positions the network as a leader in zero-knowledge applications and secure blockchain technology.
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