ZKsync’s New Upgrade Aims to Slash Gas Fees for zkSNARK Verification

ZKsync, a leading blockchain technology provider, is introducing an innovative upgrade that promises to significantly reduce gas fees associated with its zkSNARK verification process. The update focuses on optimizing elliptic curve precompilation and introduces a new ModExp precompilation feature. This will dramatically lower the cost of verifying typical zkSNARK proofs, reducing it from around 6.8 million to roughly 370,000 – a remarkable 94% decrease.