Vitalik Buterin addresses ZKasino’s misuse of ‘zero-knowledge’ in $33M scam

Ethereum co-founder Vitalik Buterin said the issues with ZKasino were evidence that the term “Zero-Knowledge (ZK)” has gained enough prominence in the industry to attract misuse by fraudulent actors. Buterin’s comment followed revelations that the blockchain-based gambling platform rugged its users — resulting in the loss of roughly $33 million worth of Ethereum (ETH). According to…

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Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum ‘Universal Settlement Layer’

Zero-knowledge rollup ZKM has been unveiled out of incubation from the MetisDAO Foundation, saying it plans to make Ethereum the “universal settlement layer for all blockchain and non-blockchain applications.” With funding from the foundation that oversees development of Metis, a layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups…

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