🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Vitalik: Groth16 should be abolished as soon as possible, and significant improvements should be made in infrastructure and the standardization of new SNARKAlgorithm.
Odaily Planet Daily News Vitalik Buterin wrote in a post that one of the many things we need to speed up is to abolish Groth16. It is not feasible to have a trusted setup for each application in the 2020s. There should be at least a universal setup, ideally no setup at all. This requires significant improvements in infrastructure and the standardization of new SNARK Algorithms. Note: Groth16 Algorithm is an algorithm published by Jens Groth in 2016. The advantage of this algorithm is that it provides a small number of proof elements (only 3 are needed), simple verification equations, and ensures integrity and reliability under polynomial calculation capability.