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With funding from the foundation that oversees development of the Metis layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into one. Source
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Ethereum scaling protocols dominate the use of zero-knowledge rollups (ZK-rollups), with major launches, new research and healthy competition key points in a sector report published by ZKValidator.The node infrastructure operator’s “State of ZK Q2” report reflects on significant events across the ZK ecosystem, with notable launches of ZK-powered layer 2’s highlighting
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Transparency, egalitarianism, and inclusiveness — these are the fundamental principles behind bitcoin (BTC), the software that spawned the rapidly evolving crypto industry. However, with the acceleration of this relatively nascent sector, it has become evident that
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Webb offers a cross-chain bridge protocol that seeks to provide a new privacy standard for cross-chain applications, covering all assets, data and locations. The protocol is backed by zero-knowledge proofs, a type of cryptography that mathematically validates transactions. The startup plans to expand to offer a cross-chain messaging system that
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A quarterly report focused on zero-knowledge (zk) technology indicates that privacy, scaling and identity solutions are major drivers of adoption in the blockchain space.Validator service provider zkValidator report's titled 'The State of ZK' delves into insights from the zk space, highlighting major and emerging use cases, research, product launches and notable investment
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“The security of Bitcoin requires every participant to verify every transaction,” ZeroSync co-founder Robin Linus told CoinDesk. “That didn't scale well until now. Proof systems like STARKs have been invented. Applying them to generate a proof of Bitcoin's chain state, and broadcasting it via satellite, can bring Bitcoin to almost
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Linus was living in Santa Teresa, a remote beach town on Costa Rica's Nicoya Peninsula that has one ATM machine with a 10pm curfew. It drove Linus nuts and forced him to research alternative payment methods. He stumbled upon Bitcoin, befriended the well-respected “Bitcoin sorcerer” Ruben Somsen (who coined the
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Bitcoin (BTC) users will soon be able to use zero-knowledge proofs (ZK-proofs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain. ZeroSync Association, a Swiss-based nonprofit, is developing tooling which allows users to validate the state of the Bitcoin network without having to download the blockchain or
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"The last few months have highlighted an issue that has long plagued both traditional financial and digital asset firms – efficiently fostering trust with customers while maintaining a necessary level of privacy. The absence of this has led to significant distrust and, of course, contagion," said Proven co-founder Richard Dewey
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The technology has a range of uses in areas including privacy, security, scalability, interoperability and sovereign identity, the report said. “ZK-tech has already seen product market fit in use cases such as privacy and authentication,” and it is expected that the ways in which the technology is implemented will increase
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