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Dubai, United Arab Emirates, August twenty eighth, 2024, Chainwire
The Polyhedra neighborhood has authorised a proposal to combine Flare with Polyhedra’s zkBridge DVN. This integration will empower Flare builders to create safe and environment friendly cross-chain purposes utilizing LayerZero whereas benefiting from the cryptographic ensures of ZK proofs.
zkBridge is a trustless, environment friendly, and safe cross-chain interoperability protocol and certainly one of LayerZero’s Decentralized Verifier Networks (DVNs). It helps greater than 30 layer-1 and layer-2 networks, and has efficiently verified greater than 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 occurred on the sender chain. Along with sturdy bridging security, enabled by ZK proofs, zkBridge provides robust liveness ensures, since just one trustworthy member of the validator set is required for bridging.
Hugo Philion, Flare Co-founder, mentioned: “Polyhedra’s zkBridge provides an extra safety layer to LayerZero’s interoperability protocol and can be welcomed by Flare builders and customers alike. Its integration is an indication of the rising help for Flare from cross-chain protocols and demonstrates the worth of ZK know-how in making it simpler for worth to circulation freely between networks.”
Eric Vreeland, Chief Technique Officer of Polyhedra mentioned: “We’re excited that the Polyhedra neighborhood has voted to help the combination of Flare with zkBridge. The extent of exercise on Flare has been ramping up and dependable bridging protocols are the important thing to accelerating this whereas sustaining decentralization. We sit up for seeing how Flare builders make the most of zkBridge to create dapps that draw knowledge from a wealthy number 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 quick proof era and low on-chain proof verification value to help cross-chain purposes. Polyhedra’s zkLightClient know-how specifically dramatically reduces onchain verification prices and latency by permitting for the environment friendly batching of a number of transaction verifications right into a single proof.
On-chain gentle shoppers permit for the supply chain’s validator set to attest to an occasion that occurred on their chain to a vacation spot chain. Dapps deployed on Flare, for instance, can draw knowledge from different networks utilizing zkBridge, permitting them to create highly effective cross-chain monetary purposes for DeFi, together with buying and selling, perps, prediction markets, and way more.
The combination of Polyhedra’s zkBridge provides a layer of safety on prime of the LayerZero messaging protocol whereas making it simpler for knowledge and belongings to circulation freely to Flare, whose TVL has reached all-time highs. The variety of wallets on Flare has additionally surpassed 1M as customers have onboarded to its rising DeFi ecosystem.
About Flare
Flare is the blockchain for knowledge: an EVM good contract platform particularly designed to help knowledge intensive use circumstances, together with Machine Studying/AI, RWA tokenization, gaming and social. With decentralized, enshrined oracles secured on the community layer, Flare is the one good contract platform optimized for decentralized knowledge acquisition: worth & time sequence knowledge, blockchain occasion & state knowledge, and web2 API knowledge. By giving builders trustless entry to the broadest vary of information and knowledge proofs at scale and for minimal value, Flare expands the utility of blockchain and helps the event of latest and improved use circumstances.
About Polyhedra
Polyhedra Community designs and develops scalable and environment friendly zero-knowledge proof protocols for large-scale ZKP methods with distributed computing networks. Its merchandise embody zkBridge, zkLightClient, and Expander, the world’s quickest ZK prover. Polyhedra applies zero-knowledge know-how to web2 and conventional monetary (TradFi) sectors to supply improved safety, privateness, and effectivity.
Be taught extra: https://www.polyhedra.community/
Contact
Dasi Kaplan
[email protected]