Rust is a fast, memory-efficient, and statically typed programming language. Its many benefits are why it has been voted the most admired programming language of 2023 and 2024, according to annual Stack Overflow surveys of over 90,000 developers. Rust is also a great language for smart contract writing and many software engineers opt for using that language in their Web3 projects. While Solidity has long been the go-to language for developing contracts on Ethereum, Rust is rapidly gaining traction as a powerful alternative. Today, we’ll dive into its benefits and risks, and explore use cases of Rust in smart contract development.

Multi-Signatures

In today’s article, we continue the journey through public and private keys, blockchain algorithms, and Account Abstraction. Let’s focus on the complicated matter of ECDSA signatures and how to enable multisig transactions on Ethereum, shall we?

Account abstraction in Ethereum represents a groundbreaking shift in how users engage with decentralized applications (dApps). It introduces a novel paradigm where assets can be exclusively held by smart contracts rather than externally owned accounts (EOAs). At the heart of this innovation lies the ERC-4337 standard, which unlocks the potential of smart contract crypto wallets on the Ethereum blockchain.

In the previous part of the series, we delved into seemingly unrelated topics about blockchain, zero-knowledge proofs, and privacy. Now, let’s transition to practical considerations and explore the tools available for developers.

Undoubtedly, the creation of any kind of ZK technology needs ZK Proof. How can we create it? 

But why does it matter? Why delve into all these models and ownership concepts? Well, it's crucial when we aim to understand secure and privacy-centric transactions.

As mentioned in Part 1, the UTXO model resembles a cash-payment system, while ETH's Account-Based model is more akin to a bank account setup. Which one offers better privacy? Certainly, it's the former. 

This blog post is the first of the three-part series regarding Zero Knowledge and Private Tokens. We’re going to take a deep dive into the history, evolution, and what lies ahead for Private Tokens. Today, I’m going to take you through the Blockchain  Trilemma, the different approaches to on-chain user balance tracking, and more. Ready to dive in? Let’s get started!