zkbridge
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Polyhedra Network has improved Bitcoin interoperability using zkBridge technology, enabling seamless transactions across chains.
This protocol verifies Bitcoin block headers and transactions, ensuring security. However, facilitating transactions from other blockchains remains challenging due to Bitcoin's limited smart contract capabilities.
#polyhedra #PolyhedraNetwork #bitcoin #zkbridge #BullorBear
This protocol verifies Bitcoin block headers and transactions, ensuring security. However, facilitating transactions from other blockchains remains challenging due to Bitcoin's limited smart contract capabilities.
#polyhedra #PolyhedraNetwork #bitcoin #zkbridge #BullorBear
🎉The latest #Binance Web3 Wallet #Airdrop🪂 is here!
Claim your share of 1 Million #PolyhedraNetwork tokens by making transfers on #zkbridge using the wallet.
Start here 👉 https://www.binance.com/en/activity/mission/polyhedra-airdrop?ref=V2R7595U
#Web3Wallet
Claim your share of 1 Million #PolyhedraNetwork tokens by making transfers on #zkbridge using the wallet.
Start here 👉 https://www.binance.com/en/activity/mission/polyhedra-airdrop?ref=V2R7595U
#Web3Wallet
Polyhedra Network is introducing a decentralized solution called zkBridge, which ensures secure and reliable state transitions across Layer 1 and Layer 2 networks.
The system uses zero-knowledge proofs, reducing complexities and costs associated with on-chain verifications. The zkBridge operates on a dedicated network for proof generation, encouraging participation from nodes in the ecosystem.
Polyhedra Network is collaborating with EigenLayer to introduce dual staking across various blockchains, using BTC as a secondary collateral. This innovative approach not only benefits the BTC ecosystem but also generates profits for holders. The integration will be officially launched after EigenLayer AVS mainnet launch.
#polyhedra #zkbridge #EigenLayer #PolyhedraNetwork #btc
The system uses zero-knowledge proofs, reducing complexities and costs associated with on-chain verifications. The zkBridge operates on a dedicated network for proof generation, encouraging participation from nodes in the ecosystem.
Polyhedra Network is collaborating with EigenLayer to introduce dual staking across various blockchains, using BTC as a secondary collateral. This innovative approach not only benefits the BTC ecosystem but also generates profits for holders. The integration will be officially launched after EigenLayer AVS mainnet launch.
#polyhedra #zkbridge #EigenLayer #PolyhedraNetwork #btc
Kadena, a scalable Proof of Work blockchain, partners with Lurk Lab to develop a Zero-Knowledge tech stack, enabling secure cross-chain messaging.
The partnership includes a ZK bridge between Kadena and Ethereum, with 2 milestones in H2 2024 and a 3rd milestone to come later.
#Kadena #BinanceTournament #AirdropGuide #zkbridge #lurklabs
The partnership includes a ZK bridge between Kadena and Ethereum, with 2 milestones in H2 2024 and a 3rd milestone to come later.
#Kadena #BinanceTournament #AirdropGuide #zkbridge #lurklabs
Exploring ZK Bridges 🌉 After a $1.6B loss in assets
In the dynamic realm of blockchain technology, various consensus protocols, such as Proof-of-Work and Proof-of-Stake, have led to a fragmentation of assets across different chains. Cross-chain bridges, like Wormhole, emerge as a solution to this issue, facilitating the seamless transfer of cryptocurrencies and NFTs between smart contract blockchains like Solana and Ethereum.However, the security of current bridges poses a challenge, with historical vulnerabilities making them attractive targets for hackers. Introducing zkBridge, a cross-chain bridging protocol, with a distinguishing feature — it only requires one honest node in the relay network and relies on the zk-SNARK for security.The innovation lies in the parallelized use of zk-SNARK, specifically the Virgo prover (deVirgo), employing a distributed proof system and recursive proofs to enhance efficiency. Released in April 2023, zkBridge's Mainnet Alpha supports interoperability across layer-1 and layer-2 blockchain networks like BNB Chain, Ethereum, and Arbitrum.During zkDAY at ETHCC Paris 2023, Polyhedra Network's CTO, Tiancheng Xie, highlighted zkBridge's success with over 50,000 daily active users and 800,000 monthly active users. The modular architecture of zkBridge presents opportunities for token bridging, swapping, message passing, and adaptive computational logic across different blockchains.In conclusion, zkBridge's use of Zero-Knowledge Proofs (ZKPs) addresses decentralization and security concerns in cross-chain communication. As the demand for interoperability grows, efforts in developing secure and scalable bridging technologies are expected to advance, positively impacting the overall adoption of ZK technology in cross-chain applications. However, the ever-evolving nature of bridges necessitates ongoing efforts to enhance security and address potential vulnerabilities. Wormhole's 2022 hack serves as a reminder of the risks associated with centralized storage in bridges, emphasizing the importance of robust security measures in the evolving landscape of blockchain technology.#TrendigTopic #Looz_crypto #zkbridge 🎁BTC REWARDS IN QUIZZ BOX🎁