Consensys – a leading Ethereum Software company – recently launched ConsenSys Rollups in collaboration with payment giant Mastercard. The software solution will help provide scalability and privacy to Ethereum Virtual Machine (EVM) compatible blockchains.
Enhancing Throughput and Privacy
Consensys announced its new software in a company blog post on Thursday. It will reportedly provide “enterprise-grade scalability” to applications built on the Quorum tech stack. Quorum is ConsenSys’s fully-managed open-source protocol layer for building on Ethereum. ConsenSys Rollups can either be used directly on Ethereum’s mainnet, or on ConsenSys Quorum networks.
Part of the technology leverages zero-knowledge (ZK) proofs for enhanced transaction privacy. ZK proofs allow a sending party to prove a transaction without actually executing it on the network. Unlike regular transactions, they can hide details like account balances, senders, recipients, and amounts.
What’s more, they allow
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