Co-founder of Golden Gate: The cost issue is the biggest challenge Zk faces, and there will be a need for standardization in the industry in the future

Odaily Planet Daily News Golden Gate (GGX) co-founder and CSO Matt Doty said during the online live broadcast of "RockTree OG Talk Series" held on the 22nd that the cost issue will determine Zk's long-term competitiveness in the future. The fee has dropped by more than a thousand times. In the future, there may be a need for standardization of the Zk track, but there is still a long way to go before it matures. Before joining GGX, Matt co-developed and released the Ethereum mining algorithm with V God in 2015, and was also the pricer of the Ethereum network Gas fee. Matt believes that the cost issue is a major technical challenge encountered by Zk on the road of innovation, which will determine the long-term competitiveness of Zk in the future. For example, the cost of Zk-related verification is about 10-20 times higher than that of traditional USDC and NFT. In practice, GGX helps developers and computing personnel verify offline computing power online. By integrating multiple verification methods, the Gas fee can be reduced by more than a thousand times. At present, Zk is experiencing various types of innovations. In the future, there may be a demand for standardization in the industry, but there may still be a certain distance from the introduction of mature standards. The online live broadcast of "RockTree OG Talk Series" is jointly organized by Web3.0 top investment fund RockTree Capital and Odaily Planet Daily. This episode invites industry guests from Golden Gate (GGX), ZKEX, zkLink and other industry participants to discuss "Zk's technical applications and prospects ", to provide you with the most in-depth OG views and information on top companies on the track.