The Rollup Is Hibachi The Next Hyperliquid?
Feb 21, 2025
Varun Kumar, CEO of Hashflow, is joined by Thibault Binier, Co-founder of Hibachi, and Jacob Everly, Product Lead at Risc Zero, to discuss innovative solutions for decentralized finance. They dive into the speed-security trade-off in DeFi and how zero-knowledge (ZK) proofs can merge high-speed trading with trustless security. They highlight advancements in ZK technology, the importance of proof of solvency, and the potential of modular oracles to enhance user experiences. The conversation opens up exciting possibilities for the future of blockchain and trading.
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Proof of Solvency
- Crypto exchanges initially mirrored traditional banks, creating systemic risks.
- Proof of solvency, not just reserves, is crucial for verifying exchange health.
Decentralization vs. Verification
- Decentralization is a means, not the ultimate goal.
- Independent verification is key; some centralization is acceptable for user experience.
ZK: Performance and Security
- ZK technology offers a solution by enabling high performance while maintaining security.
- The challenge lies in generating and verifying ZK proofs efficiently.