"ZK is slower than traditional computing. So Solana is always faster than ZK because there is no religious reason to limit the full node capacity," Toly Yu, co-founder of Solana, said in a reply to netizens. Alex Gluchowski, chief executive of Matter Labs, the developer of ZKsync, responded: "ZK is always faster than Solana because it is secured by maths rather than validators, which means that one or a few validators [for redundancy] will suffice, and you don't have to wait for consensus among ...
We do not need to discuss a 50 basis point rate cut at this stage; there is no evidence to support our discussion of such a policy outlook; the European economy is weaker than we originally expected; internal inflation remains very high; central bank policy depends on data.
Vitalik Buterin replied to netizens on X: "The key thing we are really in the early days is that L2 will finally be able to afford it. Since 2020 (if not earlier), I have been saying that the whole'not just high-value DeFi 'part of the crypto space can only work if transaction fees are cheap. They didn't really become a reality until March of this year. If I had to choose the second and third early areas, it would be: 2. ZK-SNARKs and use cases (zupass, railway, 0xbow, rarimo...
On August 7, Vitalik replied to netizens on X: "From my point of view, both L1 and L2 confirm transactions in seconds, L2 costs less than $0.01 per transaction, Farcaster, Lens and Polymarket have performed amazingly for a year, and we are starting to enter the ZKID and ZK voting stage."