Ex-Goldman Sachs and Morgan Stanley exec joins OpenZK Network as co-founder
Dave Sandor, former government director at Goldman Sachs and Morgan Stanley for the Asia Pacific area, introduced his new position as co-founder at OpenZK Community, an answer designed for ZK-Rollup scaling.
OpenZK introduced Dave Sandor could be becoming a member of as co-founder to spearhead developments in ZK-Rollup scaling options on X. Sandor has labored as an government director at Goldman Sachs and Morgan Stanley to focus extra on product construction, integrating institutional finance into potential decentralized finance. At OpenZK Community, Sandor will lead the event of next-generation Layer 2 options, specializing in enhancing the ecosystem’s reward mechanism and person expertise.
“Dave’s distinctive experience positions us to advance the L2 panorama, delivering efficiency, safety, rewards and an outstanding person expertise for our whole ecosystem — from builders to merchants to institutional companions.”
OpenZK’s X submit
OpenZK has turn into the primary native to help Ethereum (ETH) staking, re-staking, or liquidity, in addition to stablecoin staking L2 scaling answer. Actual-world belongings, stablecoins, and staking are companies that cater to those fast-growing segments within the DeFi.
With the rising momentum of L2 options, Sandor’s monetary acumen is anticipated to be pivotal in guiding OpenZK’s strategic development and growth.
ZK-Rollups present challenges
ZK-Rollups are vital for fixing the problems blockchain has been combating for fairly some time, resembling scalability, value, and privateness. They do that utilizing an off-chain bundle of transactions which can be validated utilizing zero-knowledge proofs submitted to the principle chain. This significantly alleviates congestion and gasoline charges for networks resembling Ethereum whereas sustaining safety.
An vital step.
Some vital subsequent steps:
* Helios (or alternate options) being built-in into person wallets, on cellular and desktop
* L2 configs transferring onchain (first step: https://t.co/bg0x9VOUee )
* L2 configs together with specification of state proof verification guidelines (a… https://t.co/eCVymtfp5M— vitalik.eth (@VitalikButerin) October 25, 2024
Moreover, specialists even have defined that ZK-Rollups supply improved privateness by solely requiring proof of transactions to be verified with out having to show delicate data such because the contents of these transactions, making them appropriate for privacy-concerned functions resembling identities and monetary companies that must construct belief amongst customers.
Regardless of these advantages, in addition they come together with a number of disadvantages. A few of them embody advanced growth, computation-intensive proofs, problem in integrating dApps, and knowledge availability points for off-chain transactions, as seen beforehand in ZKsync. Sandor’s new place as co-founder of OpenZK can tackle ZK-Rollup’s current challenges and lay the bottom for mass adoption and future development of ZK-Rollups as a complete.
