Dubai, United Arab Emirates, August twenty eighth, 2024, Chainwire
The Polyhedra group has authorized 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 one among 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 strong bridging security, enabled by ZK proofs, zkBridge presents sturdy liveness ensures, since just one sincere member of the validator set is required for bridging.
Hugo Philion, Flare Co-founder, mentioned: “Polyhedra’s zkBridge adds an additional security layer to LayerZero’s interoperability protocol and will be welcomed by Flare developers and users alike. Its integration is a sign of the growing support for Flare from cross-chain protocols and demonstrates the value of ZK technology in making it easier for value to flow freely between networks.”
Eric Vreeland, Chief Technique Officer of Polyhedra mentioned: “We are excited that the Polyhedra community has voted to support the integration of Flare with zkBridge. The level of activity on Flare has been ramping up and reliable bridging protocols are the key to accelerating this while maintaining decentralization. We look forward to seeing how Flare developers utilize zkBridge to create dapps that draw data from a rich variety 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 realize 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 mild shoppers enable 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 mixing of Polyhedra’s zkBridge provides a layer of safety on high of the LayerZero messaging protocol whereas making it simpler for knowledge and property 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 sensible 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 sensible contract platform optimized for decentralized knowledge acquisition: value & time sequence knowledge, blockchain occasion & state knowledge, and web2 API knowledge. By giving builders trustless entry to the broadest vary of knowledge 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 techniques 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 offer improved safety, privateness, and effectivity.
Be taught extra: https://www.polyhedra.community/
Contact
Dasi Kaplan
[email protected]
