Shiv Srivastava, the CEO of Boundless, is dedicated to bringing cryptographic breakthroughs into practical applications in our daily lives. With a focus on creating a decentralized marketplace for trustless zero-knowledge (ZK) compute, powered by RISC Zero, Shiv is at the forefront of enabling scalable interoperability and verifiable infrastructure across various blockchains.
Having gained leadership experience at tech giants like Microsoft, Lyft, Coinbase, and Avalanche, Shiv brings a wealth of knowledge from Web2 to his Web3-first vision. His goal is to build systems that empower everyone, not just a select few. In a recent discussion, he shared insights on Ethereum’s evolving strategy, the significance of ZK in scaling, and how Boundless fits into a more usable and scalable crypto future.
Thoughts on EF’s shift to “Protocol” and its new strategic goals?
According to Shiv, Ethereum Foundation’s decision to rebrand its core R&D group as “Protocol” is a pivotal move. This shift towards focusing on scaling Layer 1, expanding blob capacity, and enhancing user experience indicates a shift towards product-driven execution, which is crucial for the ecosystem’s advancement. The emphasis on delivering high-utility infrastructure over experimental projects signals Ethereum’s transition into a more mature phase.
The evolving role of ZK infrastructure with Ethereum’s scaling and UX focus?
ZK infrastructure continues to play a vital role in Ethereum’s scaling roadmap, with ZK rollups offering increased throughput, near-instant finality, and reduced fees, leading to a smoother user experience. Boundless has been working towards enabling developers to offload compute-heavy tasks off-chain and prove the results on-chain using zero-knowledge proofs. This approach allows for verifying complex computations without re-executing them, thereby enhancing scalability and efficiency.
Why cross-chain verifiable compute is critical to Ethereum’s future?
Cross-chain verifiable compute extends Ethereum’s security and utility across the ecosystem, enabling secure interactions between different chains. This is crucial for a multi-chain future as it allows Ethereum apps to access external resources safely, fostering unity within the ecosystem.
How Boundless contributes to scaling L1 and scaling blobs?
Boundless plays a pivotal role in extending Ethereum’s limits in compute and data by providing a decentralized proving layer that offloads execution-heavy workloads off-chain while maintaining security guarantees. This approach expands Ethereum’s execution capacity significantly. Additionally, Boundless enables verifiable connections between Ethereum and modular data availability layers like Celestia, reducing costs and increasing throughput for rollups and applications.
In conclusion, as Ethereum continues to evolve and the need for seamless, scalable infrastructure grows, Boundless is poised to lead the way in transforming how cryptographic systems are accessible to all. With Shiv Srivastava’s leadership, Boundless is not just building developer tools but laying the groundwork for a trustless, verifiable future in the crypto space.