Ethereum’s future hinges on zero-knowledge proofs, EF director says

In recent news about Ethereum's future, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, emphasized the importance of zero-knowledge proofs. During an interview, he pointed out that zero-knowledge is a key component of Ethereum's mid-term strategy, highlighting 'many amazing breakthroughs' over the past couple of years. This technology is expected to enhance privacy and speed of transactions, which will be crucial for maintaining Ethereum's competitiveness. Furthermore, the innovation brought by zero-knowledge proofs could enable a larger number of decentralized applications, establishing a foundation to meet the demands from both developers and users. Particularly in the DeFi and NFT markets, the implementation of zero-knowledge proofs could lead to further growth for Ethereum. These advancements will help address scalability and privacy issues that blockchain technology faces, while also fostering more collaborations with enterprises. In the near future, zero-knowledge proofs are expected to be central to the Ethereum ecosystem.