The mysterious nil_foundation is not really a foundation. It began as a nonprofit but raised $22 million from investors this year to build zero-knowledge infrastructure for Ethereum and other layer 1s. skesslr reports for ProjectstoWatch2023:
On its website=nil; describes itself as providing “trustless data accessibility” – a tagline impenetrable for all but the crypto native, but decidedly not nothing. According to the site,=nil; was established to “facilitate and support research and development in database management systems and applied cryptography.” For those equipped to parse the jargon, this is where things may begin to make sense:=nil; aims to help manage databases through its expertise in advanced cryptography.
Komarov’s driving thesis is that blockchains are just glorified databases, and he describes the=nil; of the early days as a nonprofit “think tank” driven by a single question: “What if this industry was not invented by a cryptographer, but by someone who does database management systems?” Komarov began tinkering with blockchains in 2013, but he says his interest in database management stemmed from challenges he faced in 2017 as the chief technology officer of Golos, a Russian-language spin-off of the blockchain-based social network Steemit. Komarov describes Golos as a “decentralized” Reddit – a kind of forum site with its own built-in token.
So what is ZK? It’s a kind of technology that allows one to prove a statement is true without showing the statement itself. Without getting into the mechanics of how this all works , the key unlock of ZK tech is in allowing two parties to pass data back and forth in compressed form, and with certain privacy-preserving features.
ZK crypto apps are built around trustlessness, the idea that a far-flung network of people – rather than one central company – should be able to pitch in to keep a given system alive and accountable. But organically building up a network of people to operate a ZK service is difficult. This difficulty stems partly from the complexity of generating ZK-proofs – the computation-hungry math problems that power ZK systems.
Should=nil; succeed, it could reach the kind of status of something like Flashbots – the Ethereum software builder whose “MEV-boost” middleware is now used by virtually every validator that operates the network. It’s no coincidence that=nil; counts Hasu, Flashbots’ head of strategy, as a lead investor.
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