1. I’m super excited about this week’s announcements from @codaprotocol, @aleo, @starlingzkp / @vivo_pay as well about the upcoming @zksync smart contracts.

Here’s my take: We’re going to see a fundamentally different blockchain architecture in the near future.
2. The biggest change is that smart contract execution will move off-chain to 1) edge nodes (the wallet on the user's device) who can aggregate ZKP proofs and results from 2) corporations like banks or even Social Security who will run smart contracts in the cloud
3. This model is many advantages:
- It eliminates a bottleneck (see gas price)
- It's less wasteful (each invocation will run only once)
- It's free (no gas)
- It allows privacy. E.g. Social Security can confirm you have a valid SSN without exposing it.
- Parallelization
4. The design of the blockchain will change as a result:
- Miners don't need EVM to run smart contracts anymore
- Instead, miners (a single one in theory) verifies ZKP proofs provided by the edge nodes. Cheap and O(1)
5.
- The smart contract defines the on-chain data structure, instead of a rigid data structure defined by the blockchain.
- Miners will charge for the net space to store the transaction, a huge UX improvement compared to gas.
6. What else will change? I'd love to hear your thoughts.
@zooko long time no speak. We talked about a less mature version of these ideas a long time ago. How have your thoughts on this progressed since? Love to hear your thoughts.
You can follow @ronaldmannak.
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