ZKsync Proposes Upgrade to Reduce Gas Fees for zkSNARK Verification

According to PANews, ZKsync has announced a new upgrade proposal aimed at optimizing elliptic curve precompilation and introducing a ModExp precompilation feature. This upgrade is expected to significantly reduce the gas fees for verifying typical zkSNARK proofs from approximately 6. 8 million to around 370,000, marking a reduction of about 94%. The enhancement will enable elliptic curve operations such as ECAdd, ECMul, and ECPairing to be executed directly within the circuit, thereby lowering the cost of verifying ZK proofs by over 90% source: https://www.binance.com/en/square/post/24505150004337?utm_source=BinanceNewsRSS