The headlines in crypto for the last year have been all about fraud, regulatory crackdowns, and the general dysfunction of the industry. This makes it easy to overlook the fact that blockchain technology is moving forward and that, even amid all the scandals, crypto is getting better and easier to use.
I was reminded of this recently when I spoke to Henri Viès of Matter Labs, an outfit that's raised around $460 million to develop a complement to the Ethereum blockchain that makes transactions faster and cheaper by using so-called zero-knowledge technology. The specifics are complicated, but the basic idea is that Matter Labs takes batches of transactions and processes them in bulk before stamping a tamper-proof record on the main Ethereum blockchain.
