⇗ ZK Coin Primed For Adoption As Companies and Governments Explore Integrations

There has been a flurry of news related to ZK Coin and related cryptocurrency technologies recently. Babylon Labs is investing the ZK technology through its bridge to Cosmos chains, while another development is Alpen Labs raising $8.5 million for furthering the Bitcoin ZK Rollup Strata. Despite these advancements, some predict a slow growth for ZKsync price by 2025. In China, ZK International plans to accept Bitcoin, expanding crypto payment operations. According to Cysic founder, ZK-proofs are becoming more affordable than legacy ID systems. A significant decline in network activity for ZKsync (ZK) was noted, with the total value locked hitting year-to-date lows. Meanwhile, BitcoinOS has partnered with Merlin chain to provide a ZK-powered Bitcoin bridge. Buenos Aires is introducing ZK proofs in its City App increasing privacy for the city's residents. The British Bank of England is exploring how to enhance the privacy of its proposed digital pound using ZK-Proofs. While many view ZK Rollups as a foundational technology and not a fleeting trend, some, like KILT CEO, argue ZK proofs are too sophisticated for decentralized IDs. Ernst & Young are implementing ZK-proofs on Ethereum to automate contracts, while StarkWare, a ZK firm, announced a $1M research fund for ZK Bitcoin scaling.

ZK Coin News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Mon, 13 Jan 2025 08:00:00 GMT - Rating 5 - Innovation 3 - Information 8 - Rumor 0