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Vitalik: Ethereum can prove L1 Block in real time and plans to increase processing capacity by 10-100 times.
According to Deep Tide TechFlow news, on October 23, Ethereum co-founder Vitalik Buterin stated at the Shanghai Blockchain Week event that cryptographic technology is rapidly evolving, with technologies such as zk-SNARKs (ZK) and Homomorphic Encryption (FHE) becoming more efficient and user-friendly. He pointed out that Ethereum has achieved significant breakthroughs, now capable of proving Ethereum L1 blocks in real-time, which was believed to take 5-10 years to achieve two years ago. Vitalik emphasized that Ethereum is focusing on enhancing privacy protection capabilities and plans to increase its current processing capacity of 30-45 million by 10-100 times in the future. He predicts that in five years, the industry's attitude will shift from 'Why do we need ZK and blockchain?' to 'Why not use these technologies?' and introduced the new concept of 'Not your silicon, not your private key,' emphasizing the importance of hardware security in cryptography.