No script length limit: Bypasses the Cardano transaction size limit.
No CEK execution budget limit: The original script runs off-chain, and the on-chain wrapper script only verifies the proof of execution.
No redeemer or datum size limit: The actual data is represented through short polynomial commitments, reducing transaction size. However, public data critical for smart contract state is not hashed, maintaining the trust model.
Private Smart Contracts: zkWrapper allows for the creation of private smart contracts since the original script isn’t submitted on-chain.
The zkFold team began the project in early May. Since then, they have:
– Selected the tools, frameworks, and algorithms for the project and formulated a detailed development plan.
– Produced an early prototype of the circuit for verifying CEK machine executions.
– Created a tool to convert a UPLC program’s execution trace into ZKP witness data.
– Initiated documentation of their ZKP protocol and UPLC arithmetization.
You can find out more at https://zkFold.io
*** None of the information on this episode is to be considered as financial advice. All conversations and opinions are that of the guests and are intended for educational and entertainment purposes only. Please do your own research and understand that cryptocurrencies are volatile and risky. https://www.youtube.com/watch?vFq8FhvxET2k
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