Zero-knowledge proofs platform NEBRA has launched its Common Proof Aggregation answer, bringing the advantages of ZKP verification to the crypto business.
NEBRA UPA, which went stay on Ethereum (ETH), is a protocol that mixes zero-knowledge proofs right into a single proof to supply cost-effective on-chain verification. The UPA protocol is designed to spice up scaling and privateness throughout blockchains by means of proof aggregation, the NEBRA staff stated in a press launch shared with crypto.information.
“Low throughput and the high cost of verification are major obstacles preventing applications from taking full advantage of ZKP technology. But with NEBRA UPA, ZKP is no longer a dream for the future – it is a solution that is available and being used right now,”
Shumo Chu, co-founder and chief government officer of NEBRA.
An answer for zkEVMs and RaaS protocols
Protocols and initiatives that profit from UPA’s answer embody zero-knowledge digital machines, co-processors, roll-up as a service options, and client purposes.
An instance of the latter is the WorldCoin (WLD) mission, which faucets into ZKP for its orb to confirm a person is a singular human. The mission’s World App makes use of this know-how for id proof with out revealing info. Different notable initiatives within the ZKP ecosystem embody Polygon zkVM, ZK Sync, and Starknet.
The difficulty of price
ZKP prices might be prohibitive, however UPA appears to be like to chop this from $20 to $2 for Ethereum and from $2 to $0.2 for layer-2 options. The numerous discount in the price of a ZK proof for on a regular basis crypto use instances, similar to shopping for espresso, will empower builders and add to adoption throughout decentralized purposes.
“Who wants to pay $20 for a ZK proof for a coffee purchase? But when the cost falls to mere cents, innumerable possibilities open up for developing decentralized applications,”
-Nebra co-founder Yi Tong.
NEBRA has raised a complete of $4.5 million in funding from crypto enterprise capital corporations, together with Andreessen Horowitz, Bankless Ventures, and Nascent. The platform plans to deploy UPA v2 to high L2s to permit extra dApps to faucet into the advantages of diminished prices for on-chain ZKP use.
