A16z Crypto Launches Jolt to Boost Blockchain with ZK Proofs

Andreessen Horowitz’s crypto division, A16z Crypto, has introduced Jolt, a Zero-Knowledge Virtual Machine (zkVM). This development is expected to improve blockchain systems by using zero-knowledge proofs ability, specifically SNARKs (Succinct Non-Interactive Arguments of Knowledge), to achieve scalable ZK-rollups in the Layer 2 space.