The accounting firm Big Four Ey, formerly Ernst & Young, changed its fall in the night of the blockchain of layer 2 of layer 2 focused on the company in a Rollup design with zero knowledge because it says that business customers are more comfortable with confidentiality solutions with the softening of American sanctions.
EY said in an announcement of April 2 that the new Nightfall source code, “Nightfall_4”, simplifies the architecture of the network and offers a quasi transaction purpose on Ethereum while making it more accessible to users than its previous optimistic version based on Rollup.
EY’s blockchain chief Paul Brody told Cintelelegraph that the transition to a ZK-Rollup model “means an instant purpose, but that it also makes operations simpler because you do not need a challenger node to secure the network”, which checks the accuracy of the transactions.
The move of optimistic rollups means that Nightfall users will not need to contest the potentially incorrect transactions on Ethereum and wait for the difficult period, leading to a faster transaction purpose.
No feature of this type is present with zero knowledge rolls, which means that a transaction becomes final as soon as it is added in a night block, said EY.
This is the fourth major update of Nightfall since Ey launched Ethereum Layer 2 focused on business in 2019.
Nightfall allows the business partners to transfer tokens in private using Ethereum safety while being cheaper than the basic network. It also uses technology that links an identity verified to a public key through digital signatures to try to stick the risk of counterpart.
Tornado Nixed Tornado Species “helped people feel comfortable”
Brody said that the US Office of the Foreign Control Active Office (OFAC) of sanctions on the Tornado Cash cryptographic mixture “had a scary effect on the legitimate interest of commercial users”.
“Even if we have long taken measures to make the nightfall without attraction for the bad players, because it cannot be used anonymously, the abolition of SOFAC sanctions has really helped people feel comfortable that the use of a confidentiality technology is not risky,” he added.
The Nightfall code is open source on GitHub but remains an authorized blockchain for EY customers, in competition with the tastes of the hyperledger fabric supported by IBM, R3 Corda and the Quorum built by consensus.
Brody said that the EY blockchain team is working on “a single environment that supports payments, logic and composibility”.
Currently, the company requires Nightfall and Starlight, a tool that can modify the intelligent contract code to allow zero knowledge of knowledge “to allow complex multi-party trade agreements under confidentiality,” he added.
“We will spend a little time supporting NightFall_4 deployments initially,” said Brody. “Then we will move on to the development of Nightfall_5.”
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