Dubai, United Arab Emirates, 28 August 2024, Chainwire
The Polyhedra group accepted a proposal to combine Flare with Polyhedra zkBridge DVN. This integration will permit 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 trusted, environment friendly and safe cross-chain interoperable protocol and one of many LayerZero Decentralized Verifier Networks (DVN). It helps greater than 30 layer 1 and a couple of networks and has efficiently verified greater than 20 million cross-chain transactions. zkBridge makes use of zkSNARK to permit the prover to successfully persuade the receiving chain {that a} sure state transition has occurred within the sender's chain. Along with the sturdy bridging safety enabled by ZK proofs, zkBridge affords sturdy lifetime ensures as just one trustworthy member of the set of validators is required to bridge.
Hugo Philion, co-founder of Flare, stated: “Polyhedra's ZkBridge provides one other layer of safety to the LayerZero interoperability protocol and shall be welcomed by Flare builders and customers alike. Its integration is an indication of rising assist for Flare from crosschain protocols and demonstrates the worth of ZK know-how in facilitating the free stream of worth between networks.
Eric Vreeland, Chief Technique Officer at Polyhedra, stated: “We’re thrilled that the Polyhedra group has voted to assist Flare's integration with zkBridge. The extent of exercise on Flare is rising and the important thing to acceleration whereas sustaining decentralization is dependable bridging protocols. We stay up for seeing Flare builders use zkBridge to construct dapps that draw information from a wealthy number of multi-chain protocols.”
zkBridge makes use of zkSNARK to securely switch and confirm block headers and consensus throughout totally different chains. It makes use of a 2-layer recursive proofing system to realize quick proofing technology and low price on-chain proofing verification to assist cross-chain purposes. Specifically, Polyhedra's zkLightClient know-how dramatically reduces onchain verification prices and latency by enabling environment friendly batch verification of a number of transactions right into a single proof.
On-chain light-weight purchasers permit the supply chain validator set to validate an occasion that occurred on their chain to the vacation spot chain. For instance, Dapps deployed on Flare can pull information from different networks utilizing zkBridge, permitting them to construct highly effective cross-chain monetary purposes for DeFi, together with buying and selling, tortfeasors, prediction markets, and extra.
Polyhedra's zkBridge integration provides a layer of safety over the LayerZero messaging protocol whereas facilitating the free stream of information and belongings into Flare, whose TVL has reached all-time highs. The variety of wallets on Flare additionally surpassed 1 million as customers joined the rising DeFi ecosystem.
About Flare
Flare is a blockchain for information: an EVM good contract platform particularly designed to assist data-intensive use instances together with machine studying/AI, RWA tokenization, gaming and social networking. With decentralized, embedded oracles secured on the community layer, Flare is the one good contract platform optimized for decentralized information acquisition: worth and time collection information, blockchain occasion and state information, and net API information. By giving builders trustless entry to the widest vary of information and information proof at scale and at minimal price, Flare extends the utility of blockchain and helps the event of latest and improved use instances.
In regards to the polyhedron
Polyhedra Community designs and develops scalable and environment friendly zero-knowledge 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 the web2 and conventional monetary (TradFi) sectors to make sure higher safety, privateness and effectivity.
Extra data: https://www.polyhedra.community/
Contact
Dasi Kaplan
(electronic mail protected)
