ETHEREUM RESEARCH EXPLORES ZK-BASED PRIVACY FOR MAINNET

Summary from the TLDR Crypto newsletter

New Ethereum research is aiming to apply zk-SNARKs (zero-knowledge proofs) to enable privacy in transactions using Solidity. This could potentially remove the need for L2 blockchains, leading to reduced gas fees on Ethereum and centralizing transaction activity. Obstacles include ensuring auditability and extra storage needed at the verification phase. This open-source research hopes to attract other builders and funding to work on these types of projects.