What is the name of the method where a sequencer processes Layer 2 transactions using zero-knowledge
What is the name of the method where a sequencer processes Layer 2 transactions using zero-knowledge?
Answer:
The method in which a sequencer processes Layer 2 transactions using zero-knowledge proofs is known as “zkSync.” zkSync is a scaling and privacy solution on Ethereum that utilizes zero-knowledge proofs to increase transaction throughput and improve privacy by batching multiple transfers off-chain before settling them on the Ethereum mainnet. By using zero-knowledge proofs, zkSync ensures the validity of transactions without revealing sensitive information, providing a more efficient and secure way to process transactions on Layer 2 while maintaining the security of the Ethereum blockchain.