Zero-Knowledge Proofs

Zero-Knowledge Proofs

Tech

Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology

The OKB token will be used for gas fees on the new chain, which comes as rival crypto exchanges including Coinbase and reportedly Kraken are pursuing their own layer-2 projects.

OKX Chief Innovation Officer Jason Lau (OKX)

Tech

Nil Foundation Plans New Ethereum Rollup With Zero-Knowledge Proofs, Sharding

The foundation claims that this will be the first ZK rollup that enables sharding, combining two popular scaling technologies.

Rollup (Bru-nO/Pixabay)

Tech

Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network

The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.

Kraken CEO Jesse Powell (CoinDesk)

Tech

Crypto Venture Funds Variant, 1kx Lead $6M Funding Round for ZK-Meets-AI Startup Modulus

The funding will be used for the company’s ambitions in zero-knowledge machine learning, combining aspects of zero-knowledge cryptography with artificial intelligence or AI.

Treasure chest (Ashin K Suresh/Unsplash, modified by CoinDesk)

Tech

3 Greenshoot Sectors in the Blockchain Space

From “AI x blockchain” and zero-knowledge proofs to Bitcoin ordinal projects, there are plenty of bright spots in the Web3 ecosystem, despite the market volatility and regulatory problems of the last few months, says Paul Veradittakit, managing partner at Pantera Capital.

(Martin Martz/Unsplash)

Tech

Scroll Confirms Mainnet Live, as Co-Founder Predicts Speed Gains Over Ethereum

Blockchain data showed that Scroll’s smart contract was deployed on Oct. 8, but the team held off making its official announcement until this week.

Scroll co-founder Sandy Peng (Bradley Keoun)

Tech

Manta's Layer-2 Blockchain Already Plans to Ditch OP Stack for Polygon

The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.

Manta Ray. (Justin Henry/Creative Commons)

Tech

Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs

The new Ethereum layer-2 network's debut adds to the competition among rival providers of so-called "zkEVMs," including Polygon and Matter Labs.

Scroll co-founder Sandy Peng (Bradley Keoun)

Tech

Bitcoin Might Get Ethereum-Style Smart Contracts Under ‘BitVM’ Plan

A goal of Robin Linus's design for "BitVM" is to enable Turing-complete Bitcoin contracts – making the blockchain programmable, similar to a computer – without making the network more complicated for other users.

Robin Linus, a core contributor to ZeroSync and the author of the new "BitVM" paper. (Robin Linus)

Tech

At Last, Blockchain Developer OP Labs Delivers ‘Fault Proofs’ Missing From Core Design

The developer’s OP Stack software, the blueprint for Coinbase’s new Base blockchain, had been criticized for the lack of a crucial security feature – likened to driving a fast car without airbags.

OP Labs CEO Karl Floersch. (Optimism)