Dubai, UAE, August 28, 2024, Chainwire

The Polyhedra neighborhood has accredited a proposal to combine Flare with Polyhedra's zkBridge DVN. This integration will allow 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 a part of LayerZero's Decentralized Verification Community (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 permit a prover to effectively persuade the receiver chain {that a} explicit state transition occurred on the sender chain. Along with the sturdy bridging security achieved by ZK Proofs, zkBridge supplies robust liveness ensures as just one trustworthy member of the validator set is required for bridging.

Hugo Philion, co-founder of Flare, stated: “Polyhedra's zkBridge provides an extra layer of safety to our LayerZero interoperability protocol and will likely be welcomed by Flare builders and customers. This integration alerts rising assist for Flare from cross-chain protocols and demonstrates the worth of ZK expertise in facilitating worth to stream freely between networks.”

Eric Vreeland, Chief Technique Officer at Polyhedra, stated: “We’re happy that the Polyhedra neighborhood voted in assist of integrating Flare with zkBridge. Exercise ranges in Flare are on the rise, and a dependable bridge protocol is essential to accelerating this whereas sustaining decentralization. We look ahead to seeing how Flare builders leverage zkBridge to create 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 totally different chains. It makes use of a two-tiered recursive proof system to allow quick proof era and low on-chain proof verification prices to assist cross-chain purposes. Specifically, Polyhedra's zkLightClient expertise considerably reduces on-chain verification prices and latency by permitting a number of transaction verifications to be effectively batched right into a single proof.

The on-chain mild consumer permits a set of validators on a supply chain to attest to occasions that occurred on their chain to the vacation spot chain. For instance, Dapps deployed on Flare can use zkBridge to drag knowledge from different networks, enabling the creation of highly effective cross-chain monetary purposes for DeFi, corresponding to buying and selling, purps, and prediction markets.

The combination of Polyhedra's zkBridge provides a layer of safety on high of the LayerZero messaging protocol and facilitates the free stream of information and belongings into Flare, which has seen its TVL attain an all-time excessive. Flare's pockets rely additionally surpassed 1 million as customers joined the rising DeFi ecosystem.

About Flare

Flare is a blockchain for knowledge. It’s an EVM sensible contract platform designed particularly to assist data-intensive use circumstances, together with machine studying/AI, RWA tokenization, gaming, social, and extra. With decentralized, oracles secured on the community layer, Flare is the one sensible contract platform optimized for decentralized knowledge retrieval, together with value and time collection knowledge, blockchain occasion and state knowledge, and Web2 API knowledge. By giving builders trustless entry to the broadest vary of information and knowledge proofs on the lowest price, Flare extends 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. The corporate's merchandise embrace zkBridge, zkLightClient, and Expander, the world's quickest ZK prover. Polyhedra applies zero-knowledge expertise to the Web2 and conventional finance (TradFi) sectors to enhance safety, privateness, and effectivity.

Extra info: https://www.polyhedra.community/

contact

Dashi Kaplan
(e-mail tackle protected)