Ethereum co-founder Vitalik Buterin stated that the Poseidon hash function series, after years of development, has generated significant practical value in Ethereum and other fields and will continue to play a role for years. Poseidon is a key reason modern privacy protocols can quickly generate SNARK proofs on the client side. Buterin also noted that general-purpose STARKs have achieved extremely high performance, with proof costs for batch computations reduced to three digits, and expected to drop to double digits or even lower, exceeding early-2020s expectations.
ChainCatcher reported that Ethereum co-founder Vitalik Buterin recently stated that the Poseidon hash function series, after years of development, has generated significant practical value in Ethereum and other fields, and will continue to play a role in the coming years.
Buterin noted that modern privacy protocols can quickly generate SNARK proofs on the client side, and Poseidon is a key reason for this capability. He also pointed out that general-purpose STARKs have achieved extremely high performance, with proof costs for nearly any batch computation already reduced to the three-digit level. Looking ahead, costs could further drop to double digits or even lower, a progress that exceeds expectations from the early 2020s.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
