Is Ethereum’s application under threat as it gets hacked with Optimistic Rollups?
Ethereum is a great advocate when it comes to using smart contracts. Over the last few years, the Ethereum network has just become part of a platform that helps the world with technology and finance. The ecological focus of the ecosystem has led to new offerings like DApps and DeFi on its platform.
Kevin Ho, a company dedicated to measuring Ethereum, was invited to a recent episode of the BlackCrunch podcast, highlighting the impact of Optimistic Rollups on the Dap ecosystem and its impact on the Ethereum network. Ho said the experience was unavoidable, “We really see it from all the companies going to Layer One, Optimistic Rollup, and they are still facing that kind of integration of Diffie. Today, this is how it looks like.” -Ecthereum in the ecosystem. In fact, the 2019 DA reports are outstanding, “Half of Ethereum DApp active customers used DeFi DApps in 2019. as loans.
Finally, Ho talked about the difference between Optimistic Rollups and SK-Rollups, who use real-time authentication to prove that a transaction works, while solutions like Optimistic Rollups use fraudulent evidence. However, the Optimism Executive said, “Zero Knowledge Validity Proofs is a very secure solution, but there is a downside, one of which is that EVM computation can not be guaranteed. So you will not be able to make the best payments to ZK. This is especially true for certain use cases, such as transactions and mutually exclusive transactions.”