Dubai, United Arab Emirates, August 28, 2024, Chainwire
The Polyhedra neighborhood has permitted a proposal to combine Flare with Polyhedra’s zkBridge DVN. This integration will allow Flare builders to construct safe and environment friendly cross-chain purposes utilizing LayerZero, whereas benefiting from the cryptographic ensures of ZK proofs.
zkBridge is a dependable, environment friendly, and safe cross-chain interoperability protocol and considered one of LayerZero’s decentralized validator networks (DVN). It helps over 30 layer-1 and layer-2 networks, and has efficiently verified over 20 million cross-chain transactions. zkBridge makes use of zkSNARKs to allow a prover to effectively persuade the receiver chain {that a} sure state transition has occurred on the sender chain. Along with the sturdy bridging safety enabled by ZK proofs, zkBridge offers sturdy liveness ensures, as bridging requires just one trustworthy member of the validator set.
Hugo Filion, co-founder of Flare, stated: “Polyhedra’s zkBridge provides an extra safety layer to LayerZero’s interoperability protocol and might be welcomed by Flare builders and customers alike. Its integration is an indication of rising help for Flare from cross-chain protocols and demonstrates the worth of ZK know-how in making it simpler for worth to stream freely between networks.”
Eric Vreeland, Chief Technique Officer at Polyhedra, stated: “We’re excited that the Polyhedra neighborhood has voted to combine Flare with zkBridge. The extent of exercise on Flare is rising and trusted bridging protocols are the important thing to accelerating this whereas sustaining decentralization. We look ahead to seeing how Flare builders use zkBridge to construct dapps that pull knowledge from a wide range of multi-chain protocols.”
zkBridge makes use of zkSNARKs to securely relay and confirm block headers and consensus throughout completely different chains. It makes use of a 2-layer recursive proof system to attain sooner proof technology and decrease on-chain proof verification prices to help cross-chain purposes. Polyhedra’s zkLightClient know-how dramatically reduces onchain verification prices and latency by particularly permitting environment friendly batching of a number of transaction verifications right into a single proof.
On-chain gentle shoppers permit the validator set of the supply chain to authenticate an occasion that occurred on their chain within the vacation spot chain. Dapps deployed on Flare, for instance, can pull knowledge from different networks utilizing zkBridge, permitting them to construct highly effective cross-chain monetary purposes for DeFi, together with buying and selling, perps, prediction markets, and extra.
Polyhedra’s integration of zkBridge provides a layer of safety on high of the LayerZero messaging protocol whereas making it simpler for knowledge and property to stream freely throughout Flare, whose TVL has reached an all-time excessive. The variety of wallets on Flare has additionally surpassed 1M as customers be part of its rising DeFi ecosystem.
About Aptitude
Glow Flare is the blockchain for knowledge: an EVM sensible contract platform particularly designed to help knowledge intensive use circumstances together with machine studying/AI, RWA tokenization, gaming, and social. With safe decentralized, contained oracles on the community layer, Flare is the one sensible contract platform optimized for decentralized knowledge acquisition: value and time collection knowledge, blockchain occasion and state knowledge, and Web2 API knowledge. By offering builders with trustless entry to a broad vary of knowledge and knowledge proofs at scale and at minimal value, Flare expands the utility of blockchain and helps the event of recent and higher use circumstances.
About Polyhedra
Polyhedra Community designs and develops scalable and environment friendly zero-knowledge proof protocols for large-scale ZKP programs with distributed computing networks. Its merchandise embrace zkBridge, zkLightClient and Expander, the world’s quickest ZK prover. Polyhedra applies zero-knowledge know-how to the Web2 and conventional monetary (TradFi) sectors to supply improved safety, privateness and effectivity.
be taught extra: https://www.polyhedra.network/
Contact
Dassie Kaplan
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