Huobi Ventures Weekly Report #34

HTX Ventures
2 min readJul 16, 2022


Huobi Ventures Weekly Insights

Insight provided by Jinbin of Huobi Ventures

Attempts at Improving Operational Efficiency with Zero-Knowledge Proofs

The widespread use of zero-knowledge proofs, a trend originated by zcash, has made a big splash with its popularity in scaling.

The application scenarios of zero-knowledge proofs in the current market can be summarized as follows: 1) privacy transaction, 2) storage scaling, and 3) computational scaling.

In the field of storage scaling alone, millions of zero-knowledge proofs are generated every day. For computational scaling (also known as zkrollup, zkvm), there is also a clear trend of growth.

But zero-knowledge proofs have a progressively higher hardware overhead because of the reliance on confidence files, which are cached in memory in order to generate proofs faster and that takes up a lot of memory resources. A graphics card is also needed to speed up the process of generation and verification.

The academic community has tried to address this dilemma by trying the following:

1. zkproof validation splitting, which means splitting a proof into multiple pieces and finally aggregating them after multiple small nodes have completed validation. This reduces the resource pressure on individual devices.

2. Adoption of ASIC-friendly mathematical tools which relies on FPGA/ASIC to accelerate the generation and verification of zkproof.

3. Reduction in the size of zkproof.

About Huobi Ventures

Huobi Ventures is focused on growing its venture investment portfolio and supporting blockchain projects through long-term investment strategies.Huobi Ventures aims to identify strategic opportunities across different blockchain verticals to complement and expand Huobi’s product offerings. Acquisitions will be integrated into Huobi’s growing suite of blockchain-enabled applications and services to expand the business into new markets.

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Focus on HTX’s venture investment portfolio and supporting innovative blockchain projects through long-term strategies. Twitter:@Ventures_HTX