Polygon Labs and Near announce ZK prover for WASM integration

0

[ad_1]

The developers of the Near and Polygon networks are teaming up to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains, according to a joint announcement on Nov. 8. The new prover, called “zkWASM,” will for the first time allow WASM-based networks to join the Polygon ecosystem.

WASM is a binary instruction format that was developed for use in web browsers. Some blockchain networks also use it as a computation engine instead of the Ethereum Virtual Machine (EVM). For example, Near, Stellar, Polkadot and Internet Computer all use WASM instead of EVM.

Related: Stellar joins Bytecode alliance to help develop EVM alternative WASM

According to the announcement, the new zkWASM prover is “in active development and should be available next year.” Once completed, it will be integrated into Polygon’s chain development kit (CDK), which allows developers to spin up custom blockchain networks based on the initial parameters they set. This means that developers will have the option to use the CDK to create WASM networks and integrate them into the broader Polygon ecosystem, including the Ethereum mainnet itself.

According to Illia Polosukhin, co-founder of Near, the zkWASM prover will allow the network to integrate more with Ethereum, improving liquidity for users:

“NEAR is integrating more with Ethereum by innovating in new research frontiers, and the shared expertise of NEAR and Polygon will expand the ZK landscape and defragment liquidity across chains.”

The announcement also stated that zkWASM will be used to improve validator efficiency on the Near network itself, as the zero-knowledge proof process will cut down on computational overhead compared to the current work of validating a shard. This means that the Near network will obtain “better scalability and increased decentralization,” it stated.

Polygon is attempting to build a multichain ecosystem, which it calls “Polygon 2.0.” The new system will feature bridges that use zero-knowledge proofs to transfer assets from one chain to the other. In September, the developer unveiled plans to replace the Polygon network’s current native coin, MATIC (MATIC), with a new one called POL.



[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 79,997.00
ethereum
Ethereum (ETH) $ 2,319.06
tether
Tether (USDT) $ 0.998690
bnb
BNB (BNB) $ 741.19
xrp
XRP (XRP) $ 1.30
usd-coin
USDC (USDC) $ 0.999340
solana
Solana (SOL) $ 100.70
tron
TRON (TRX) $ 0.329034
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04
zcash
Zcash (ZEC) $ 1,230.09
hyperliquid
Hyperliquid (HYPE) $ 78.09
dogecoin
Dogecoin (DOGE) $ 0.077559
monero
Monero (XMR) $ 595.55
usds
USDS (USDS) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 76.83
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
chainlink
Chainlink (LINK) $ 11.37
leo-token
LEO Token (LEO) $ 9.04
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00
cardano
Cardano (ADA) $ 0.206074
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
stellar
Stellar (XLM) $ 0.168803
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,466.93
near
NEAR Protocol (NEAR) $ 4.50
bitcoin-cash
Bitcoin Cash (BCH) $ 280.26
rain
Rain (RAIN) $ 0.007620
wrapped-eeth
Wrapped eETH (WEETH) $ 2,465.31
ethena-usde
Ethena USDe (USDE) $ 0.998827
susds
sUSDS (SUSDS) $ 1.08
dai
Dai (DAI) $ 1.00
uniswap
Uniswap (UNI) $ 7.13
litecoin
Litecoin (LTC) $ 56.64
avalanche-2
Avalanche (AVAX) $ 8.95
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
canton-network
Canton (CC) $ 0.099266
usd1-wlfi
USD1 (USD1) $ 0.998648
blockchain-usd
Blockchain USD (USDB) $ 0.932324
sui
Sui (SUI) $ 0.915367
weth
WETH (WETH) $ 2,268.37
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.21
hedera-hashgraph
Hedera (HBAR) $ 0.077163
tether-gold
Tether Gold (XAUT) $ 4,002.84
usdt0
USDT0 (USDT0) $ 0.998824
global-dollar
Global Dollar (USDG) $ 0.999811
paypal-usd
PayPal USD (PYUSD) $ 0.999861
quant-network
Quant (QNT) $ 202.87
shiba-inu
Shiba Inu (SHIB) $ 0.000005
bittensor
Bittensor (TAO) $ 250.71
ethena
Ethena (ENA) $ 0.206461
Shares