In IBC what's happening is that when two cosmos chains talk to each other the destination chain tries to verify the consensus of the source chain. So in the EVM basically you don't have pre-compiles for those signature verifications so it becomes really costly like astronomically high to verify IBC directly on Ethereum. One approach which is more of a hacky way to do this isYou sort of verify these signatures off chain and then you generate a ZK proof and you send a ZK Proof to an Etherum smart contract, which just verifies the ZKProof. And unlike verifying all those signatures directly just verifying the ZK proof is very cheap. This is pretty
Host and Co-founder of Delphi Tom Shaughnessy sits down with Can Gurel and Ceteris of Delphi Digital Research's Infrastructure team to discuss their Year Ahead for Infrastructure Report.
Themes covered include
- Recreating the centralized exchange experience on chain.
- Modular vs monolithic
- App-specific vs general purpose
- Developers choosing which chains to build on and why
- Developer vs consumer build mismatch
- IBC and the future of bridging.
- IBC to Ethereum
- Chainlink as an important player in cross-chain interoperability for EVM chains
- MEV considerations across Ethereum, Cosmos and other chains.
- Wallet Wars; quest to become the superapp (Standard Wallets vs Smart Contracts vs MPC Wallets)
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