A Layer 2 that batches transactions off-chain and posts succinct validity proofs on-chain for correctness.
zk-rollups compress many transactions into a single proof verified by an L1 contract, inheriting L1 security while increasing throughput and lowering fees.
"Users swap tokens on a zk-rollup; a proof attesting to all state updates is verified on Ethereum mainnet."
A Layer-2 technique that executes transactions off-chain and posts compressed proofs or data to the base chain.
Programmatic rules executed by the blockchain to enforce agreements without intermediaries.
An execution environment that runs smart contract code deterministically across nodes (e.g., EVM).
All terms and definitions may update as the Cryptionary improves.