[ELI5 Style] Everything you need to know about ZK Roll ups I Layer 2 Scalability Explained

In this video, we take a look at ZKP. There are two applications of ZKP - ZKP Snarks and ZKP Roll ups.
The main function of ZK Snarks is Privacy whereas ZK Roll up is for scalability.

ZKP = Zero-knowledge Proof
zk-SNARK = Zero-Knowledge Succinct Non-Interactive Argument of Knowledge

SNARKS are used in Layer 1 solution and Roll up is used in layer 2 solutions. ZK-Rollups are one of the options being developed for layer 2 construction that increases scalability through mass transfer processing rolled into a single transaction.

For more research:
1) ZK proof: https://en.wikipedia.org/wiki/Zero-kn... & https://zkproof.org/
2) ZK SNARKS (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge): https://z.cash/technology/zksnarks/
3) ZK Rollup: https://www.publish0x.com/bitguy/zkro... &    • Видео  
4) Sharding:    • What is sharding? It's one way blockc...   (time stamped)



Mar 2021 edit: to highlight that lightning network and sharding are not the same. Lightning network works offchain whilst sharding is an onchain solution.

Navigation: 00:00

1) What is "ZK": 00:28
2) What is ZK SNARKS: 1:12
3) What is ZK Rollup: 1:42
4) Differences between SNARKS and Rollup: 2:13
5) ELI5 Rollup: 4:21
6) Other scalability solutions: 10:20

Want more in-depth content? Join our patreon for premium content at www.patreon.com/economicsdesign

🔥 Listen on Podcast: https://bit.ly/ED-podcast

📚 TLDR on Substack: https://economicsdesign.substack.com
👉🏻 Nerd out on https://www.economicsdesign.com/
😎 Level up with #TokenEconomics course: https://education.economicsdesign.com/

Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results.

#economicsdesign #tokeneconomics #tokenomics #DeFi #ZKrollup