Orbiter Finance, an ultimate scaling solution, optimising the performance of Ethereum by supporting cross-rollup transactions and synchronising mainnet-rollups interoperabilities, successfully hosted an exclusive Zero Knowledge Proof (ZKP) Networking Party during this year’s ETHCC conference. The event aimed to promote the application of Zero Knowledge technology within Orbiter Finance’s ecosystem and provide a platform for like-minded individuals to share their insights on ZKP technology and its role in enhancing Ethereum’s interoperability.

The ETHCC ZKP Networking Party, held on 18th July, gathered prominent experts, developers from various projects that apply Zero Knowledge, including StarkNet, Linea, Scroll, RedStone Oracles, ZKX, zkHoldem, and Dfinity Foundation. Each panellist brought their profound understanding and experience in Zero Knowledge Proofs, contributing to an enriching and enlightening discussion.

Bringing Innovators Together

The ZKP Networking Party fostered an atmosphere of collaboration and knowledge sharing. During the event, participants engaged in insightful panel discussions and informal conversations. They explored real-world use cases of ZKP technology in enhancing Ethereum’s interoperability, discussed its scalability, and brainstormed ideas to propel the adoption of Zero Knowledge Proofs in the broader blockchain industry.

Mr Paul Henry, developer at StarkNet, expressed his excitement about the event, stating, “The ZKP Networking Party allowed us to delve into the fascinating world of Zero Knowledge technology, share our experiences, and learn from others. We believe this technology is the key to unlocking the full potential of Ethereum’s interoperability.”

Since 2021, Orbiter Finance has been renowned as a highly favoured cross-rollup bridge, facilitating secure and seamless cross-rollup transactions for Ethereum-native assets in a trustless manner. It extends its support to a diverse range of rollup networks, encompassing Ethereum, zkSync Lite, zkSync Era, Linea, StarkNet, Mantle, Base, Arbitrum, Arbitrum Nova, Polygon, Polygon zkEvm, Loopring, Optimism, ImmutableX, BSC, Scroll, and Taiko.

A suite of features that enhance Orbiter Finance’s appeal to users:

• Secure: Orbiter Finance benefits from the security of rollups, resulting in a minimal risk associated with data synchronisation between networks. This is because rollups synchronise their data with the main network thus ensuring the security of the transfer process.

• Compatible: Supporting non-EVM L2 and L3, as well as EVM rollups, validium, and Dapp-specific rollups, this versatility enables a wide range of use cases, making Orbiter an attractive choice for users seeking flexibility in transactions.

• Fast: Orbiter Finance’s timeliness is exceptional, making it the quickest solution available. Transactions between two EOA addresses can be completed within 10 to 20 seconds.

• Cheap: Orbiter Finance also offers the lowest basic network costs, which is the sum of the gas costs for transactions between two EOA addresses on both networks. No other solutions can be found cheaper than Orbiter. 

• Openness: Orbiter Finance supports the decentralised addition of various ERC20 token liquidity. It enables developers to the environment by deploying SPV and allows them to customise cross-rollup transactions and message events. This openness provides users with greater flexibility and control over their transactions.

Unlocking Ethereum’s Full Potential with ZKP at Orbiter Finance

Zero Knowledge Proof has emerged as a critical technology within the Ethereum ecosystem, enabling privacy, security, and interoperability between different layer 2 solutions. Inspired by ZKP and with the aim to better improve the TPS for all rollups at Orbiter Finance, the promising next phase of product development is to apply zero-knowledge proof technology to replace the recursive proof for all rollups, achieving a real-time and low-cost method to scale all rollups.

With the deployment of the EIP-4337 account abstraction on the Ethereum mainnet, the AA (Account Abstraction) will gradually become a pivotal activity carrier for Ethereum ecosystem users in the near future. The AA will be implemented on the Ethereum network in the form of smart contracts, offering enhanced operational flexibility to users. Compared to EOA accounts, AA accounts provide flexible signature verification, gas abstraction, session keys, social recovery, and multi-factor authentication features. While the AA account brings convenience to users, it will also increase their usage costs, mainly in the form of gas fees. This is mainly due to the relatively high gas cost associated with the increased logic of the AA contract.

To expedite the mass adoption of AA, the ultimate objective of the zkProver is to mitigate usage expenses and optimise gas consumption. ZkProver is dedicated to performing in a user-friendly way for deployment on the Ethereum ecosystem. The ultimate goal of Orbiter Finance is to achieve ease of use, fairness, decentralisation, and user privacy protection. They strive to make our solution an essential part of Ethereum’s infrastructure.

Shaping the Future of Ethereum Interoperability with ZKP

As a pioneer in enhancing Ethereum’s interoperability, Orbiter Finance has long recognized the potential of ZKP in revolutionising the ecosystem. Their commitment to exploring and integrating cutting-edge technologies has resulted in a secure, transparent, and efficient platform supporting cross-rollup transactions and synchronizing mainnet-rollups interoperabilities.

The success of Orbiter Finance’s ZKP Networking Party at ETHCC demonstrates a growing interest in Zero Knowledge Proofs and their role in shaping the future of Ethereum’s interoperability. By hosting such events, Orbiter Finance is fostering collaboration, knowledge exchange, and partnerships within the blockchain community, accelerating the development and adoption of innovative technologies.

As the Ethereum ecosystem continues to evolve, Orbiter Finance remains at the forefront of advancing technology and promoting interoperability for the benefit of the entire community.

About Orbiter Finance

Orbiter Finance is an ultimate scaling solution that optimises the performance of Ethereum by supporting cross-rollup transactions and synchronising mainnet-rollups interoperabilities. Leveraging cutting-edge technologies like Zero Knowledge Proofs, Orbiter Finance aims to lead the way in revolutionising Ethereum’s interoperability and overall inner chain communication.

Contact

For media inquiries or more information about Orbiter Finance, please contact:

Gwen Zheng

Email: member@orbiter.finance

Website: https://www.orbiter.finance/

Github: https://github.com/Orbiter-Finance

Twitter: @Orbiter_Finance

Disclaimer

This press release contains forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which are based on Orbiter Finance’s current beliefs and expectations. Orbiter Finance undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.