EY uses Zk-SNARKs to expand Ethereum and can process 20 transactions in batches

Paul Brody, head of global innovation at EY Blockchain, has publicly announced a new update to an open source code base that uses Zk-SNARKs in the Ethereum public chain supply chain. Brody said: "We promise that the price of each transaction will be less than $ 1 by the end of 2019, and we have locked this target with a large advantage. Our first version of the transaction batch processing can be done at a time with zero knowledge Make 20 transactions. Completing all 20 transactions in this release can reduce gas costs to approximately $ 0.24. This includes new tools for batch processing and reducing Merkle tree updates. "