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Zero-Knowledge Proofs

Open Oracle Network DIA Launches Lumina to Bolster Web3 Data Infrastructure

Open Oracle Network DIA Launches Lumina to Bolster Web3 Data InfrastructureDIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA Introduces Lumina: A New Trustless Oracle Architecture According to the statement provided to Bitcoin.com News, the Lumina system integrates modular components to gather, verify, process, […]

Crypto firm pleads guilty to wash trading FBI-made token

Up Network Unveils ‘Up Mobile’: A Web3 Smartphone Built on Facebook’s Move

Up Network Unveils ‘Up Mobile’: A Web3 Smartphone Built on Facebook’s MoveUp Network has unveiled ‘Up Mobile,’ a smartphone that integrates artificial intelligence and blockchain technology. The device is built on Facebook’s Move programming language and aims to enhance user security and privacy. The blockchain technology is provided by Movement Labs, and the device includes EVM and Movevm. Co-Founder Roy Liu, known for integrating TRON into […]

Crypto firm pleads guilty to wash trading FBI-made token

Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures

Transak and Privado ID Announce Partnership to Enhance Decentralized KYC ProceduresCrypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising on regulatory standards. Transak and Privado ID Team Up to Simplify KYC According to the […]

Crypto firm pleads guilty to wash trading FBI-made token

Starkware Aims to Scale Bitcoin Using Zero-Knowledge Technology

Starkware Aims to Scale Bitcoin Using Zero-Knowledge TechnologyStarkware, known for its work on Ethereum scaling solutions, announced plans to apply its zero-knowledge technology to Bitcoin. The initiative aims to enable mass-use of Bitcoin, targeting scalability that could support global daily transactions. Starkware Announces Plan to Enhance Bitcoin Scalability Using Zero-Knowledge Proofs Blockchain firm Starkware revealed its ambitious strategy to enhance Bitcoin’s scalability […]

Crypto firm pleads guilty to wash trading FBI-made token

Zksnacks to Cease Coinjoin Transactions, Affecting Wasabi, Trezor and Btcpay

Zksnacks to Cease Coinjoin Transactions, Affecting Wasabi, Trezor and BtcpayOn Thursday, Zksnacks, the developer behind Wasabi Wallet, announced its decision to cease its coinjoin services following regulatory measures in the U.S. The company stated that the wallet will now operate as a standard non-custodial bitcoin wallet without the coinjoin feature. Zksnacks Withdraws Coinjoin Feature from Wasabi Wallet Following intensified regulatory scrutiny in the U.S., […]

Crypto firm pleads guilty to wash trading FBI-made token

Zksnacks Bars US Users from Wasabi Wallet in Wake of Samourai Indictment

Zksnacks Bars US Users from Wasabi Wallet in Wake of Samourai IndictmentIn a decisive move, Zksnacks announced on Saturday that it will block all U.S. residents and citizens from accessing its bitcoin mixer, Wasabi Wallet. This policy change comes as U.S. authorities intensify their crackdown on unregulated crypto activities, spotlighting the recent indictment of Samourai Wallet founders. Wasabi Wallet Withdraws from U.S. Market to Avoid Regulatory […]

Crypto firm pleads guilty to wash trading FBI-made token

Data Ownership Protocol (DOP) Partners With Bitcoin.com to Pioneer Data Sovereignty in Crypto

Data Ownership Protocol (DOP) Partners With Bitcoin.com to Pioneer Data Sovereignty in CryptoIntegration Promises Enhanced Privacy for Bitcoin.com Wallet Users Bitcoin.com, a leading platform for cryptocurrency users, announces its strategic partnership with the Data Ownership Protocol (DOP) to empower users with unprecedented control over their data within the Bitcoin.com ecosystem and beyond. This collaboration marks a significant milestone in the quest for data sovereignty in the crypto […]

Crypto firm pleads guilty to wash trading FBI-made token

Succinct Labs Raises $55M to Propel Zero-Knowledge Proofs Into Mainstream Development

Succinct Labs Raises M to Propel Zero-Knowledge Proofs Into Mainstream DevelopmentOn Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding through both seed and Series A rounds. Paradigm took the lead in this financial boost, with additional support from entities like Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, among others. Succinct Labs Nets $55M […]

Crypto firm pleads guilty to wash trading FBI-made token

Polygon 2.0 – 2024 to see unified ZK-powered L2 chains

Polygon's evolution will continue into 2024 as various protocols that make up its ecosystem become increasingly interconnected through the use of zero-knowledge proofs.

Polygon co-founder Jordi Baylina says 2024 will see the amalgamation of Polygon’s various Ethereum layer 2 scaling networks to complete its “Polygon 2.0” cross-chain coordination protocol.

Speaking exclusively to Cointelegraph, Baylina said next year will be a litmus test to see how the Polygon ecosystem’s various networks can scale and integrate through the implementation of zero-knowledge proofs (ZK-proofs):

Baylina added that several of the networks that make up Polygon’s ecosystem feature their own respective tokens, sequencers and data availability solutions. The evolution to Polygon 2.0 is set to include several upgrades that will unify these different protocols with ZK-proof technology into “continuous, unbounded blockspace.”

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Crypto firm pleads guilty to wash trading FBI-made token

Polygon Labs and Near announce ZK prover for WASM integration

The Polygon CDK will soon include a “zkWASM” prover, allowing Web Assembly networks to integrate with the broader Polygon ecosystem.

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.

Crypto firm pleads guilty to wash trading FBI-made token