Lookonchain APP

App Store

Vitalik Officially Proposes Ethereum's Strategic Transformation: Making ZK Rollups the Next-Generation Global Digital Economy Standard

2026.05.11 15:38:27

**May 11: Vitalik Calls ZK Payments Next Crypto Adoption Standard** Ethereum co-founder Vitalik Buterin published a research paper on May 11, noting Zero-Knowledge (ZK) payments should be the next necessary standard for widespread crypto payment adoption. He emphasized crypto payments must shift from "pseudonymity" to "default privacy," particularly as we enter the "Age of Smart Contracts." Vitalik argues blockchain’s "glass house" nature is the primary psychological and operational barrier to crypto replacing traditional fiat payment apps. He proposed replacing standard transfers with ZK-proof-based transactions—letting users prove payment validity without disclosing full balances or transaction history. To solve the privacy paradox (autonomous AI smart contracts need to pay fees like large-model API credits without traceable marks), Ethereum’s Layer 2 solutions can process private payments at the same speed and cost as transparent transactions using recursive SNARKs and ZK API usage credits. The new standard will also include "selective disclosure" and "proofs of non-culpability" mechanisms, letting users share specific compliance proofs with authorized entities/tax authorities (without public data leaks) to balance privacy tech and global anti-money laundering (AML) rules. The default privacy standard is expected to attract enterprises and institutions that previously avoided blockchain over privacy concerns. Instant settlement, low fees, and bank-like confidentiality will position Ethereum as a strong rival to the existing financial system. Once ZK payments integrate into mobile wallets and e-commerce platforms, ordinary consumers will benefit from blockchain without needing to grasp underlying cryptography. Vitalik’s initiative signals Ethereum’s commitment to becoming a truly private, secure, globally accessible financial layer—protecting individual users’ financial sovereignty. As major Ethereum Layer 2 networks adopt these privacy standards as defaults, users will shift from managing public addresses to participating in a secure, confidential digital economy.
Relevant content

AguilaTrades Liquidated $331K on $BTC After Failed Long and Short Trades

AguilaTrades(@AguilaTrades) got liquidated 10 minutes ago! AguilaTrades got wrecked on both sides! He lost $331K going long on $BTC, then flipped to short and got liquidated.

1 minutes ago

Trump calls for renaming AI to SI, and Tesla’s AI account has indeed been changed to TeslaSI.

Flash News from Beating AI: Tesla’s official AI account on X has been renamed Tesla Super Intelligence, with its username changed from @Tesla_AI to @TeslaSI. Earlier, on September 29, U.S. President Trump signed an executive order requiring federal agencies to replace "artificial intelligence" (AI) with "superintelligence" (SI), though the mandate does not apply to private enterprises. Musk later publicly stated: "It’s better to call it SI instead of AI." When a X user asked if he would rename SpaceXAI to SpaceXSI, he replied: "It will be changed." Now, Tesla’s account has officially followed suit with this naming convention.

1 minutes ago

Coinbase CEO calls for federal governance experiments, proposing to pilot reforms including regulatory relaxation via an innovation sandbox.

Coinbase CEO Brian Armstrong has published an article calling for more small-scale governance experiments at the federal level or the establishment of an innovation sandbox. He argues that putting every reform up for nationwide debate would unnecessarily increase the cost of learning and trial-and-error and slow down the process. Armstrong stated: "Competition is the best consumer protection mechanism ever devised, while government is the only sector structurally exempt from competition." He proposes piloting faster permit approvals, relaxed regulations or different rules in specific areas—such as a 10-square-mile federal land parcel—then measuring the outcomes before scaling successful practices.

1 minutes ago

The US cash bond market will be closed next Monday, while US stock markets and US Treasury futures will trade as normal.

The Securities Industry and Financial Markets Association (SIFMA)’s trading holiday schedule shows that the U.S. cash bond market will be closed next Monday (October 12). October 12 is Columbus Day, a U.S. federal statutory holiday, though holiday observances vary across regions. For financial markets, U.S. stock markets will open as normal, and CME’s U.S. Treasury futures will also trade regularly, but the U.S. cash bond market will remain closed for the entire day. It should be noted that U.S. cash bonds and U.S. Treasury futures are distinct products: cash bonds refer to actual issued instruments such as U.S. Treasuries, corporate bonds, and commercial paper, while U.S. Treasury futures are standardized futures contracts with U.S. Treasuries as the underlying asset.

1 minutes ago

AI-generated images skip compression, but the retouching effect is no better.

Beating AI News Insight: Spanish AI startup Speridlabs has tested a novel AI image generation method. Most current AI image models first generate content from compressed image data before reconstructing the final image, a process that can cause detail loss. Speridlabs sought to determine if skipping this step to generate pixels directly would deliver better results. The team trained an open-source model, Iris-3B, and adapted another existing model to generate pixels directly. They evaluated these models on tasks including low-resolution image restoration and judging object distance in photos, comparing their performance with existing approaches. The results did not show the expected consistent improvement; some metrics were even slightly worse. The direct pixel-generating models also exhibited minor grid artifacts in some test outputs. However, the research confirmed the feasibility of direct pixel generation. Iris-3B scored 0.540 in an image generation benchmark, nearly matching Qwen-Image’s 0.539. Simply removing the image compression step did not give it a clear edge in detail-intensive tasks.

1 minutes ago

Upbit will list KAIA/KRW, KAIA/BTC, and KAIA/USDT trading pairs

According to an official announcement, Upbit will list KAIA trading pairs against KRW, BTC, and USDT.

1 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano