Every week seems to bring a new gathering of crypto enthusiasts, and this week is no different. The community has converged on Podgorica, Montenegro’s capital, for Edcon, an Ethereum-focused conference that attracts deep-tech crypto projects eager to discuss the latest advancements in the field. One project making waves this year is Hyper Oracle, an infrastructure project aiming to construct a zkOracle Network.
Adding to the bustle of Edcon, Hyper Oracle has joined forces with ETH Storage to co-host the World Supercomputer Summit. This event provides a platform for presenting innovative ideas on hyperscaling blockchain computation.
To understand the impact of Hyper Oracle, it’s crucial to know what the project entails. Unlike existing zk projects, Hyper Oracle employs zero knowledge (zk) not for transaction scaling, as seen with zkSync or Scroll, nor for shielded transactions like those of Manta Network or Namada. Instead, Hyper Oracle unveils a unique application of zero knowledge within the blockchain world: enhancing security and scaling computation.
We're headed for Montenegro! 🇲🇪
Meet the Hyper Oracle team next week in Podgorica during @EDCON2023 week where we'll be presenting during the Super Demo how we improve oracle security with ZKPs. 🌈🔐 pic.twitter.com/HOL50THD3P— ORA (@OraProtocol) May 12, 2023
The crypto community is already familiar with zero knowledge proofs, thanks to last year’s popularity of zkRollups. These were primarily used in zkEVMs (Ethereum Virtual Machines) to scale Ethereum transactions on various Layer two solutions. However, Hyper Oracle diverges from this path, employing a different type of Virtual Machine to expand the possibilities of blockchain fundamentally.
Ethereum was initially proposed as a “World Computer,” implying that it was designed to be more than a transaction hub and cryptocurrency. However, designing a decentralized system often results in certain compromises, often favoring security and scalability over functionality. As a result, Ethereum emerged as a powerful tool for secure, decentralized finance but has had limited application elsewhere.
This is where Hyper Oracle’s zk VM steps in. Unlike the aforementioned zkEVMs, Hyper Oracle’s zk VM operates in WASM. This provides developers with a broader range of possibilities within Hyper Oracle’s zkWASM computation environment. Instead of merely replicating existing Layer 2 functions, such as more DeFi dApps, zkWASM allows for entirely new applications. Freed from the constraints of Solidity, Ethereum’s programming language, developers can use Rust, C++, or JavaScript, languages that have larger communities and enable a wider range of use cases.
One such potential use case is zkML. As AI and Machine Learning continue to dominate the tech trends of 2023, blockchain projects have sought ways to bridge the gap between crypto and AI. Hyper Oracle might just have the answer. By facilitating off-chain computation in zkWASM, Hyper Oracle enables the trustless, off-chain training and creation of Large Language Models (LLMs).
Crucially, because the computation is performed within Hyper Oracle’s zkWASM environment, it’s possible to create a cryptographic proof that a Machine Learning Model has the properties it purports to possess without exposing its content. This solves a real challenge the AI community has been grappling with: zk VMs offer a secure way to compute without revealing the contents of a dataset, while confirming that the dataset has, for instance, a certain size.
This is just one of the exciting possibilities that Hyper Oracle brings to the table. Looking at the broader crypto sphere and Ethereum’s initial aspiration of becoming the World Computer, we can begin to assemble a compelling picture. What if Ethereum was used as the consensus mechanism of our World Computer, with Hyper Oracle scaling computation in a fully trustless environment and ETH Storage providing the storage solution? This is precisely the vision that the teams from Hyper Oracle and ETH Storage presented at the inaugural World Supercomputer Summit in Montenegro.
The concept of the World Supercomputer could be the missing piece in hyperscaling crypto adoption and transforming crypto infrastructure into an essential everyday component of computing environments, with truly unstoppable capabilities. This becomes increasingly important as nation states intensify their scrutiny of emerging technologies, whether it’s crypto itself or, as we have seen in recent days, the AI industry facing proposed prohibitive regulations in the US and EU.
The World Supercomputer, as envisioned by the Hyper Oracle and ETH Storage teams, may well serve as a bulwark against these regulatory pressures. By offering a decentralized, secure, and scalable computational and storage platform, it could provide a resilient foundation for future advancements in technology, free from the constraints and potential disruptions of centralized regulation.
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