• A&T Capital predicts web3 trends in 2023, including zero-knowledge proof layer2, parallel computing and modular design.
• These predictions are based on research done by the Chinese cryptocurrency VC, A&T Capital.
• These technologies are projected to improve blockchain scaling and support mass adoption.
A&T Capital, a Chinese cryptocurrency venture capital firm, recently released a document detailing their research and predictions for the crypto space in 2022 and the ‘new paradigm’ web3 technology that will revolutionize the internet in 2023. In their document, A&T outlined several anticipated web3 technologies that are set to provide the blockchain with increased scalability and more efficient transactions.
The first technology A&T discussed was zero-knowledge proof layer2 (ZK L2). With this technology, transactions are conducted in an offline environment using mathematics and cryptography, allowing for up to 100 times more capacity than optimistic rollups. ZK L2 also has a much lower operating cost, while still maintaining the security of the Ethereum network. Although it is more difficult to program and is less production-ready than other technologies, A&T concluded that it is the long-term solution for increased blockchain scalability and mass adoption.
The document also discussed parallel computing as a possible solution to high-performance computing scenarios. According to A&T, this technology is capable of executing transactions on multiple contracts simultaneously, and is best suited for maximizing blockchain computations. Lastly, A&T predicted that modular design will be the most popular dissertation for releasing the full potential of blockchain technology. This thesis states that maximum efficiency will be achieved if each unit can perform simple operations.
Overall, A&T Capital’s research and predictions for the web3 technology in 2023 are highly anticipated. If these technologies are successful, they could drastically improve blockchain scalability and support mass adoption. Therefore, the crypto industry is watching with anticipation to see if these technologies will live up to their expectations.
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