EY Releases Nightfall 3 For Privately Managing Transactions On Ethereum

News | July 2, 2021 By:

Accounting services firm Ernst & Young (EY) has released a new set of tools for privately managing transactions on the Ethereum blockchain.

Called Nightfall 3, the project aggregates ZKP transactions into groups, called rollups. These are known as “optimistic” rollups because the system assumes the transactions to be valid unless proven otherwise and eliminates the process of having all participants verify all transactions.