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Horizen, a public blockchain platform, introduced that it achieved a serious milestone with the launch of its proof verification chain on the testnet.
This launch is a notable occasion within the Web3 house since it’s the first occasion of a modular proof verification community.
The Goal of Horizen
Horizen revealed in a blog post that the purpose of the testnet launch is to redefine blockchain effectivity with ZK proof verification and settlement layers. With this focus, costs for ZK rollup transactions and appchains are drastically decreased whereas effectivity is elevated.
At its core, the brand new Horizen community includes a number of essential elements which embody a revamped mainchain, proof submission interface, attestation mechanism, new Horizen good contract, and Polygon zk-EVM rollup.
Pushed by Substrate, the modular proof verification community is anchored by the Horizen mainchain. This community facilitates the trade of ZEN, the native cryptocurrency of Horizen, in addition to the validation of FFLONK Proofs produced by Polygon zkEVM situations.
With a watch towards the long run, Horizen confused that it’s dedicated to breaking new floor within the modular blockchain trade, significantly by way of decreasing prices and rising rollup efficiencies. Crucially, Horizen needs to make the community extra suitable with the addition of zkStack. By doing this, Horizen hopes to extend its market attain and interoperability.
Moreover, the blockchain platform stated it additionally has plans to open up entry to the general public. This transfer will doubtlessly allow the Horizen neighborhood to function the testnet nodes and performance as validators.
It’s value mentioning that the launch of Horizen’s proof verification chain testnet is simply one of many platform’s newest achievements. In October, Horizen deployed a mainnet of the Ethereum Open Community (EON). Horizen EON is a great contract sidechain platform that’s utterly suitable with the EVM. It’s supposed to play a essential function within the Web3 revolution whereas additionally empowering the following technology of builders.
By way of the utilization of ZK proof verification and modular structure, Horizen is advancing the purpose of a decentralized future by making a blockchain ecosystem that’s extra scalable, accessible, and environment friendly.
Rising Consideration on ZK Proofs Incorporation
In the meantime, a number of blockchain platforms are making efforts towards incorporating ZK-proof options. As an illustration, Lynex and Salus lately collaborated to offer the primary ZK integration on Linea, rising privateness and confidentiality for all Lynex customers. The privateness benefits are attributable to ZK-proofs, which be sure that trades on Lynex keep nameless even after verification, permitting clients to commerce with complete confidence and anonymity.
Remarkably, Gate.io, a distinguished crypto trade has additionally announced enhancements to its Proof of Reserves (PoR) mechanism, together with a brand new open-source answer primarily based on zero-knowledge expertise. The first purpose of introducing zk-SNARKs is to resolve considerations concerning the prior system, which allowed for the inclusion of pretend accounts with destructive balances to change the info.
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