ZkEVM
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💥 Polygon Labs and ImmutableX join forces to introduce Immutable zkEVM.
#PolygonLabs #ImmutableX #ZkEVM #BTC #BNB
#PolygonLabs #ImmutableX #ZkEVM #BTC #BNB
Daily Market Roundups ( 13 June 3023 )
Global #cryptocurrency market cap stands at $1.06T, up 0.52% in the last day.
#bitcoin trades between $25,652 and $26,272, currently at $26,152, with a 0.49% increase.
Major cryptocurrencies show mixed trading, with $ALPHA $AMB & $LUNC performing well with gains of 20%, 16%, and 13% respectively.
Sam Bankman-Fried's Bahamas litigation expected to be a lengthy process.
#Polygon #ZkEVM Beta achieves a milestone with 100K wallets, signaling increased adoption.
Turkey witnesses growing crypto interest amid another Lira collapse.
#Arbitrum becomes a preferred choice for capital shifting away from Ethereum.
Tether issues $1B on the Ethereum blockchain to strengthen reserves.
Various news includes legal disputes, tokenized securities, regulatory developments, and market analysis.
Global #cryptocurrency market cap stands at $1.06T, up 0.52% in the last day.
#bitcoin trades between $25,652 and $26,272, currently at $26,152, with a 0.49% increase.
Major cryptocurrencies show mixed trading, with $ALPHA $AMB & $LUNC performing well with gains of 20%, 16%, and 13% respectively.
Sam Bankman-Fried's Bahamas litigation expected to be a lengthy process.
#Polygon #ZkEVM Beta achieves a milestone with 100K wallets, signaling increased adoption.
Turkey witnesses growing crypto interest amid another Lira collapse.
#Arbitrum becomes a preferred choice for capital shifting away from Ethereum.
Tether issues $1B on the Ethereum blockchain to strengthen reserves.
Various news includes legal disputes, tokenized securities, regulatory developments, and market analysis.
What Is a ZkEVM
#ZkEVM (Zero-Knowledge Ethereum Virtual Machine) is a privacy-focused technology that enables users to execute smart contracts on the Ethereum blockchain while maintaining complete confidentiality of the contract's logic and data!
In traditional Ethereum smart contract execution, all the information related to the contract, including its inputs, outputs, and the logic behind it, is visible on the blockchain, making it accessible to anyone who has access to the network. In contrast, ZkEVM leverages zero-knowledge proofs to ensure that only the parties involved in the contract can access its information, making it more secure and private!
ZkEVM achieves this by executing the smart contract in a virtual environment that is isolated from the main Ethereum network, and then generating a proof that proves the correctness of the computation without revealing any sensitive information. This proof is then verified by the network, which allows the contract to be executed without revealing any confidential information!
ZkEVM has the potential to enable new use cases for Ethereum, such as confidential transactions and privacy-preserving decentralized applications, and it is an active area of research and development within the Ethereum ecosystem!
#Binance #POLYGON #ARBITRUM #ETH
In traditional Ethereum smart contract execution, all the information related to the contract, including its inputs, outputs, and the logic behind it, is visible on the blockchain, making it accessible to anyone who has access to the network. In contrast, ZkEVM leverages zero-knowledge proofs to ensure that only the parties involved in the contract can access its information, making it more secure and private!
ZkEVM achieves this by executing the smart contract in a virtual environment that is isolated from the main Ethereum network, and then generating a proof that proves the correctness of the computation without revealing any sensitive information. This proof is then verified by the network, which allows the contract to be executed without revealing any confidential information!
ZkEVM has the potential to enable new use cases for Ethereum, such as confidential transactions and privacy-preserving decentralized applications, and it is an active area of research and development within the Ethereum ecosystem!
#Binance #POLYGON #ARBITRUM #ETH
$PROM : Bridging the Gap Between Blockchain Ecosystems
The fragmentation of the blockchain world hinders innovation and user experience. PROM emerges as a potential solution, aiming to connect EVM and non-EVM worlds.
This thread explores how PROM facilitates interoperability:
Modular zkEVM Layer 2: $PROM operates as a Layer 2 scaling solution built on top of existing blockchains. It leverages zkEVM technology for secure and efficient transactions.
EVM & Non-EVM Compatibility: Designed to be EVM-equivalent, PROM allows developers to seamlessly deploy existing dApps without major modifications. This bridges the gap between development environments.
Cross-Chain Communication: $PROM goes beyond simple asset transfers. It aspires to enable communication between EVM and non-EVM blockchains, opening doors for more intricate interactions between dApps.
Benefits for Developers & Users: PROM offers a wider range of tools and functionalities for developers, fostering innovation. Users can enjoy faster transactions, lower costs, and a more unified experience when interacting with different blockchain ecosystems.
Is PROM the future of interoperability? What are your thoughts on this project? Let's discuss the potential and challenges of PROM in connecting EVM and non-EVM worlds!
#PROM #ZkEVM #Blockchain #promvidators
The fragmentation of the blockchain world hinders innovation and user experience. PROM emerges as a potential solution, aiming to connect EVM and non-EVM worlds.
This thread explores how PROM facilitates interoperability:
Modular zkEVM Layer 2: $PROM operates as a Layer 2 scaling solution built on top of existing blockchains. It leverages zkEVM technology for secure and efficient transactions.
EVM & Non-EVM Compatibility: Designed to be EVM-equivalent, PROM allows developers to seamlessly deploy existing dApps without major modifications. This bridges the gap between development environments.
Cross-Chain Communication: $PROM goes beyond simple asset transfers. It aspires to enable communication between EVM and non-EVM blockchains, opening doors for more intricate interactions between dApps.
Benefits for Developers & Users: PROM offers a wider range of tools and functionalities for developers, fostering innovation. Users can enjoy faster transactions, lower costs, and a more unified experience when interacting with different blockchain ecosystems.
Is PROM the future of interoperability? What are your thoughts on this project? Let's discuss the potential and challenges of PROM in connecting EVM and non-EVM worlds!
#PROM #ZkEVM #Blockchain #promvidators
