The post EY Introduces Nightfall_4: Enhanced Privacy and Near-Instant Finality on Ethereum Layer-2 Blockchain appeared on BitcoinEthereumNews.com.

In recent developments, EY has transformed its Nightfall blockchain, streamlining transaction finality while maintaining essential privacy features. This significant upgrade reflects a shift from optimistic rollups to a zero-knowledge rollup design, emphasizing efficiency and enhanced security for enterprise clients. “The same privacy and scaling that version 3 enabled, but now with near-instant finality and a simplified architecture,” stated Paul Brody, EY’s global blockchain lead. Discover the upgrade of EY’s Nightfall blockchain, now featuring zero-knowledge rollups for faster, secure transactions while retaining privacy—a game changer for enterprise solutions. Nightfall 4: Revolutionizing Transaction Finality and Security EY has officially unveiled Nightfall 4, its latest iteration of the enterprise-focused Ethereum layer-2 blockchain, which utilizes a zero-knowledge rollup design. Unlike its predecessor’s optimistic rollup configuration, this new approach eliminates lengthy waiting periods for transaction confirmations and enhances overall operational efficiency. EY highlighted that the transition not only improves speed but also reduces reliance on cryptoeconomic incentives, leading to a more streamlined architecture. Enhanced Privacy Features with Zero-Knowledge Proofs The shift to a zero-knowledge rollup enables stronger cryptographic security and heightened privacy controls for all users. This innovative design allows for transaction validation without disclosing sensitive data, which is critical for enterprise users needing to maintain confidentiality in their dealings. “This update ensures corporate clients can conduct transactions discreetly while enjoying the security of the Ethereum main network,” EY emphasized, showcasing their commitment to robust privacy solutions. Impact on Enterprise Users and Market Dynamics Nightfall’s upgrade is set to significantly benefit EY’s corporate clientele by maintaining the platform’s permissioned nature. Despite the open-source code, EY ensures that privacy-focused features remain tailored for enterprise applications. Furthermore, this upgrade comes at a pivotal time, with regulatory changes positively influencing the adoption of privacy technologies in the crypto space. The lifting of sanctions on Tornado Cash by the…

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Filed under: News - @ April 3, 2025 3:18 am