TThe KZG Ceremony is a coordinated public ritual (aka trusted setup, "Parameter Generation Event" in Zcash) which will provide a cryptographic foundation for Ethereum scaling initiatives. From the specs repo:
TThe KZG Ceremony is a coordinated public ritual which will provide a cryptographic foundation for Ethereum scaling initiatives. From the specs repo:
> The ceremony takes place between participants and the sequencer. Participants are the entities that contribute their secret randomness to the final output 𝜏 s. The roll of the sequencer it to act as the common point of interaction for all participants as well as verifying participants' contribution as the ceremony progresses.