EY updates Ethereum scaler Nightfall to a ZK-rollup

The Big Four accounting firm formerly known as Ernst & Young has changed its enterprise-focused layer 2 blockchain Nightfall to a zero-knowledge rollup design, which it says offers near-instant transaction finality on Ethereum. EY said in an April 2 announcement that Nightfall’s new source code, “Nightfall_4,” simplifies the network’s architecture and makes it more accessible to users than its previous optimistic rollup-based version. The move away from optimistic rollups means Nightfall users won’t need to challenge potentially incorrect transactions on Ethereum and wait out the challenging period, leading to faster transaction finality. No such feature is present with zero-knowledge rollups, meaning that a transaction becomes final as soon as it is added into a Nightfall block, EY said source: https://cointelegraph.com/news/ey-updates-ethereum-scaler-nightfall-zk-rollup?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound