Risc Zero aims to bring blockchain security to ‘any’ off-chain application.
According to a September 16 announcement, Risc Zero is preparing to launch a service designed to use zero-knowledge (ZK) proofs to bring blockchain security off-chain.
The service, called Boundless, seeks to address blockchain's most pressing migration challenges — including transaction limits and cross-chain interoperability — by “bypassing traditional onchain enforcement limitations with ZK proofs,” Risc said.
Boardless is the latest in the proliferation of blockchain solutions with limited scalability, contributing to high costs and slow execution times for transactions.
Infinite aims to remove computational limitations on the chain. Source: Risc Zero
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“The current paradigm of onchain applications requiring global re-execution of all transactions faces scalability limitations,” Risc said. Although more nodes make the network more secure, they don't affect the extra capacity because everyone has to re-apply all the data.
According to ChinaSpec, Ethereum's average transaction volume over the past 30-days was less than 14 transactions per second (TPS).
Using ZK proofs, “Boundless” enables the blockchain to verify the correctness of calculations without re-implementing them,” said Risc.
According to Risc, the “latest zero-knowledge proofs” “will cost orders of magnitude less than what was possible before.”
Boundless, which is still in the testnet, cryptocurrency exchanges have the potential to enable new applications in areas up to artificial intelligence (AI), personal identification, Risc said on September 16 in a post on the X platform.
They include “DEXs with CEX-like UX, liquidity of all chains,”[v]Predictable AI interactions with onchain results, and “ZK-wrappers for central identities,” Risc said.
An infinite ZK-proof stack. Source: Risc Zero
On September 11, Cointelegraph reported that Movement Labs is preparing to launch a new settlement method called ‘Post-Verifications' by the end of 2024, which has the potential to cut verification times below 1 second.
On September 5, Celestia, a Layer-1 data access network, unveiled a technical roadmap that outlines a path to moving block sizes to 1 gigabyte. Celestia competes with protocols like EigenDA and Avail, as well as the mainstream Ethereum.
Other networks — such as Aptos, Sui and Move's M2 — are exploring alternative programming languages like Move to boost performance.
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