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On May 1, Partisia zkCrossDEX, jointly created by Partisia Blockchain and zkCross, was officially launched on the Partisia Blockchain ecosystem. Partisia zkCrossDEX is an important interoperability hub on Partisia Blockchain. It integrates zkCross' zk technology cross-chain interoperability solution and uses Partisia Blockchain's advanced multi-party computing (MPC) technology to improve privacy, security and efficiency in cross-chain DeFi.
Currently, Partisia zkCrossDEX supports cross-chain swaps between Ethereum, BSC, Polygon and Partisia, enabling seamless transfer of assets between the EVM chain and the Partisia chain. At the same time, Partisia zkCrossDEX is expected to increase the entry of legal currency to facilitate the direct conversion of legal currency into digital assets, thereby simplifying the process of entering the cryptocurrency market.
Partisia zkCrossDEX: The best of Partisia Blockchain and zkCross
zkCross is the first cross-chain interoperability infrastructure with zero-knowledge proof as the main technical solution. Its core is to span multiple blockchains, cross-chain bridges and aggregated liquidity pools, and has an integrated fiat currency gateway supported by secure smart contracts. So for zkCross itself, it is both a cross-chain interoperability solution and a cross-chain LaaS (Liquidity-as-a-Service) service provider, which can establish cross-chain interoperability for various EVM and non-EVM chains, and provide users with one-click cross-chain interoperability functions to enhance the user's trading experience. At the same time, it is also a gateway that links crypto assets and fiat currencies, allowing users to directly realize fiat currency deposits and withdrawals through the ZkCross application. ZkCross provides developers with an SDK, and developers can directly integrate all the above functions through the SDK toolkit with the lowest threshold.
zkCrossDEX is an independent cross-chain decentralized exchange developed and deployed by zkCross on all major blockchains. It aims to create a seamless experience for users to interact with digital assets in various blockchain environments and is powered by the zkCross underlying infrastructure.
Partisia zkCrossDEX is a new version of zkCrossDEX deployed by zkCross on the Partisia Blockchain, so it not only inherits the characteristics of zkCross, but also further inherits the technical characteristics of the Partisia Blockchain.
Partisia Blockchain is a privacy-focused public blockchain built on cryptographic zero-knowledge schemes such as MPC+ZKP. It introduces MPC nodes to the chain to meet the computing power required by on-chain computing and ensure network security. At the same time, it establishes a zero-knowledge layer to make the network auditable and comply with data protection regulations such as GDPR. Partisia Blockchain can integrate this set of MPC capabilities with various scenarios. Its "MPC-as-a-Service" system has now penetrated into the scenario applications of various Layer1 functions, including auctions (DEXs), surveys, voting, artificial intelligence, machine learning, supply chain, fund management, data sharing and other fields. This system is also recognized by the industry and is expected to be adopted on a large scale. The enterprise-level blockchain Layer1 ecosystem. In addition to privacy, Partisia Blockchain is not only based on the Poseidon consensus mechanism and a complete set of sharding solutions, allowing the network to always quickly confirm transactions and give the network high burst characteristics, but also based on the Oracle service framework. It brings excellent scalability to the network.
Therefore, for Partisia zkCrossDEX itself, it can build compliant privacy transactions based on the MPC solution of Partisia Blockchain Layer1, and inherits many advantages of Partisia Blockchain network security, high efficiency and high scalability.
Functional planning of Partisia zkCrossDEX
Currently, Partisia zkCrossDEX has been launched on Partisia Blockchain. In the initial version (Phase 1), Partisia Blockchain allows seamless asset exchange between EVM blockchains and Partisia blockchains, including Ethereum, Binance Smart Chain, and Polygon asset transfers. Currently, 50 mainstream assets such as ETH, DOT, 1INCH, AAVE, ADA, BNB, COMP, DAI, FIL, etc. are supported for trading, and these assets can be bridged to BYOC tokens on the Partisia blockchain (these assets can be used to pay various fees on the Partisia Blockchain). In the future, cross-chain transactions of a wider range of assets on the Partisia Blockchain will be supported to enhance the versatility and practicality of Partisia zkCrossDEX.
On top of the current functionality, Partisia zkCrossDEX is also in the process of integrating with other wallets to ensure that the platform is available to a wider user base. It also plans to implement a fiat currency entry to simplify the process of converting fiat currency into digital assets directly on Partisia zkCrossDEX.
In the second phase, Partisia zkCrossDEX will further expand the platform capabilities.
Partisia zkCrossDEX will enable AMM pools at this stage, making the protocol more interactive through liquidity behavior, improving the efficiency of Partisia Blockchain asset exchange, and based on a comprehensive tool for managing all assets on supported networks on a unified dashboard, allowing users to analyze charts and price behavior, and enhance user trading experience.
At the same time, Partisia zkCrossDEX will also open staking for a series of assets, giving the opportunity to stake their assets to protect the network and earn rewards. In addition to the above functions, Partisia zkCrossDEX will also provide users with the ability to convert their digital assets back to fiat currency, thus completing the investment cycle.
Partisia zkCrossDEX, jointly launched by Partisia Blockchain and zkCross, is pushing cross-chain DEX to further explore privacy. At the same time, artisia zkCrossDEX is also expected to promote the Partisia Blockchain DeFi ecosystem to provide new support in diversity and liquidity.