Protocol Village presented its first results from
'Proof Arena', with Polyhedra's ZK Prover ranking high in speed tests. Meanwhile, a sharp decline has been noticed in zkSync's (
ZK) network activity, hitting year-to-date lows. Increased attention has emerged towards ZK Rollups, with industry insiders such as Quicknode VP considering this a foundational technology. In addition, the ZK compression has gone live on Solana's mainnet-beta.
Various cryptocurrency exchanges such as Coinbase and OKX announce support for ZK.
Polygon has made considerable investments in the ZK field, eying a boom with a $5M custom chip investment. A partnership saw Merlin Chain and BitcoinOS unveil a ZK-powered Bitcoin bridge. The long-awaited airdrop of zkSync's 'ZK' tokens drastically increased market cap to almost $800M. However, controversy ensued when Matter Lab filed for a 'ZK' trademark, leading to industry backlash and subsequent withdrawal.
Recent developments of ZK applications extend to
Bitcoin with StarkWare verifying the first zero-knowledge proof. ZK sync declared that nearly 695K wallets are eligible for the next ZK token airdrop. Amidst regulatory crackdowns on financial privacy,
ZK-proofs have emerged as the beneficial solution to uphold privacy protections. Binance offered its ZK token airdrop, inciting zkSync to defend its Sybil measures.
ZK Coin News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Wed, 02 Oct 2024 21:53:00 GMT -
Rating 1
- Innovation 8
- Information 7
- Rumor -6
