Starting from paper documents, ZK technology has been used in the Crypto space through Layer 2 scaling solutions such as zkSync, StarkNet and the integration of zk-SNARK into Binance's Proof-of- Reserve . This technology has been applied in many different infrastructure pieces.
Polyhedra Network is a new project with the goal of integrating ZK technology to develop the Web3 space and has raised capital from reputable organizations such as Binance Labs and Polychain Capital. What is special about this project that attracts attention and investment from these big names? Let's explore more detailed information in the next part of the article.
Polyhedra Network is building a new infrastructure for the Web3 space with optimal interoperability and scalability, while protecting privacy using advanced Zero-Knowledge (ZKP) technology.
Polyhedra Network designs interactive solutions for asset transfer, messaging, and data sharing between Web2 and Web3 systems with the highest possible reliability. In addition, the project is expanding its integration with more blockchains and providing API and SDK tools for developers to easily access. At the same time, Polyhedra is refining its ParaPlonk protocol to appeal to developers looking for a distributed and efficient ZK-rollup solution. This information has been published in the release of the project.
Polyhedra Network is developing a solution for interoperability between systems on Web3, while ensuring high security without depending on any trust assumptions.
Polyhedra Network is researching and building scalable and efficient ZKP protocols for large-scale ZKP systems, deployed on distributed networks.
Polyhedra Network provides extensive security solutions for Web3, including a hidden address model, which helps protect privacy and granular policy compliance.
zkBridge is in beta with a unique system called deVirgo, built on the latest distributed proof-of-concept, to provide a reliable and efficient cross-chain solution for Layer 1 interoperability. and Layer 2 on Web3.
The zkBridge protocol and solutions include transferring assets and data across multiple chains, zero-knowledge decentralized credential verification, and speeding up zk-rollup with the paraPlonk solution for mitigation costs and encapsulate transactions.
With testnets, users can experience zkBridge's NFT cross-chain bridge and test its functionality.
ZK-DID is a secure and extensible authentication system, designed to meet the authentication requirements in both Web2 and Web3. To ensure user privacy, ZK-DID uses advanced zero-knowledge proofs to verify credentials, and is applicable to diverse use cases.
An inovative solution from Polyhedra Network is the ZK-NFT protocol, which allows the creation of NFT versions with storage capacity and dynamics, providing greater interactivity. By using zero-knowledge proof and hidden address model, ZK-NFT ensures the privacy and safety of linked assets.
Polyhedra Network provides a feature that allows users to create and deploy NFTs on various chains such as Ethereum, BNB Chain, Polygon, Avalanche, etc.
Currently, the project is in the testing phase on the testnet and there are no plans to officially launch the token. Investors need to be careful to avoid being scammed.
Polyhedra Network has not yet officially announced its future project development plan. However, according to the latest information, the project is planning to integrate its decentralized identity infrastructure into various blockchain networks, along with releasing APIs and SDKs for application developers.
In addition, Polyhedra Network also continues to develop paraPlonk solution, along with researching new technologies to improve system performance and security.
Polyhedra Network keeps the development team a secret, but they have revealed that the team consists of top engineers, developers and researchers from prestigious universities such as UC Berkeley, Tsinghua University and Stanford University.
With support from Binance Labs and Polychain Capital, Polyhedra Network has completed a $10 million strategic funding round. Along with that, the project also attracted the interest and contributions of many famous partners such as Animoca Brands, Space ID, Metis, and Galxe.
This is a project that uses ZK technology to develop Web3 space. The project's feature can help bridge the gap between Web2 and Web3 in the future. Good luck to everyone in evaluating and making investment decisions.
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