How Does Private Computation Affect the Gas Cost of a Smart Contract?
Private computation, especially when using ZKPs, typically increases the gas cost compared to a simple public transaction. The computational work of generating the zero-knowledge proof is significant, and while the on-chain verification is fast, the cost of verifying the proof and storing the state change on the public ledger contributes to a higher overall gas fee for the user.
Glossar
Gas Cost
Computation ⎊ Gas cost represents the computational effort required to execute specific operations on a blockchain network, notably Ethereum, and is denominated in the network’s native cryptocurrency.
Computation
Derivation ⎊ Computation, within cryptocurrency, options trading, and financial derivatives, represents the algorithmic processes used to determine pricing models, risk assessments, and execution strategies; it’s fundamentally the translation of market data into actionable insights.
Private Computation
Execution ⎊ Private Computation refers to the execution of algorithms or smart contract logic in an environment where the inputs and the resulting output are shielded from the network validators or the public ledger itself.