Vitalik Buterin Sees 60% Chance SNARKs, FHE, and iO Reach Sub-10x Overhead

Ethereum's Vitalik Buterin puts 60% odds on a cryptography breakthrough that could weaken Wall Street middlemen

The Ethereum co-founder says SNARKs, FHE and iO could eventually run at less than 10 times ordinary compute costs, opening the door to far broader confidential finance.

Buterin Puts 60% Odds on Sub-10x SNARK, FHE and iO Cost

Ethereum co-founder Vitalik Buterin has assigned a 60% probability that three of cryptography's most ambitious technologies — SNARKs, fully homomorphic encryption and indistinguishability obfuscation — can eventually operate at less than 10 times the cost of ordinary computation. Buterin outlined the forecast on September 6, describing it as an optimistic and "very-non-consensus" view of cryptography's long-term development. His calculation defi…

Vitalik Buterin Sees 60% Chance SNARKs, FHE, and iO Reach Sub-10x

TLDR: Vitalik Buterin puts the odds of SNARKs, FHE and iO reaching sub-10x computing overhead at 60% overall. SNARKs are the likeliest to reach single-digit overhead by 2030, but no deadline applies to all three tools. Buterin assigns a 33% chance that SNARKs, FHE and iO eventually approach 1+ε overhead in real-world use. Lower-cost SNARKs [...]

Ethereum's Vitalik Buterin Foresees 60% Likelihood

Vitalik Buterin predicts a significant chance for advanced cryptographic technologies to reduce computational overhead, impacting Ethereum's future development.

Vitalik Buterin sees 60% chance SNARKs, FHE, and iO reach sub-10x overhead

Advancements in cryptographic primitives could revolutionize data privacy and computational efficiency, impacting security and tech innovation.