Cardano mainnet launches first ZK smart contract

CoinRank News: Cardano core developer Sebastian Guillemot revealed that its first zero-knowledge (ZK) transaction Halo2 is now live on the mainnet, with the transaction hash 71579b77ab7d974eb31ef1b50d58f14f2ceac2bcf540aac50f777f56a8f24bff. Input Output Global pointed out in another article that it has carried out Halo2 ZK Proof verification activities. The direct goal of this move is to serve the temporary threshold multi-signature scheme (ATMS), which will be able to check 50 out of 90 signatures. When simulating the actual use case of this smart contract protocol, IOHK said that the testnet recorded low transaction fees. Only 0.16 ADA transaction fees are charged for token locks. In addition, the unlocking fees on Halo2 totaled 2.03 ADA. (CoinGape)