The Zcash Privacy Tech Underlying Ethereum’s Transition to Eth 2.0
Called BLS12-381, the new elliptic pairing curve will securely coordinate transactions on the proof-of-stake (PoS) Eth 2.0 network, while opening up opportunities for data savings and privacy-tech solutions. For Eth 2.0, EIP 2537 is an introduction into the interesting cryptography work underpinning the new network while answering a question Ethereum co-founder Vitalik Buterin has been pondering since the network’s early days.
BLS12-381 undergirds one such option by building an Eth 2.0 “lite client” inside the current Ethereum network, according to an April Medium article by Ethereum developer Alex Stokes. Thirdly, the proposal opens up interoperability between different chains such as Filecoin, Chia or Algorand and Eth 2.0, a longstanding promise of multiple other blockchains networks such as Polkadot, which announced the launch of its mainnet earlier this month.
