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PROM: Unveiling the Potential of the Modular ZK-EVM Layer 2.
PROM has become a major player in the search for scalable Ethereum solutions. Its flagship offering, Modular ZK-EVM Layer 2, promises to address the limitations of Ethereum Layer 1 by leveraging the power of zero-knowledge non-interactive succinct knowledge arguments (zkSNARKs). This complex term translates to a technology that allows transactions to be verified without revealing all the underlying data, leading to faster processing and greater privacy.
The mission of the project is clear: to revolutionize blockchain interaction by building a modular Layer 2 solution based on ZK-Rollup known as Prom zkEVM. This innovative technology aims to bridge the gap between different blockchain environments, specifically focusing on interoperability between EVM-compatible chains (such as Ethereum) and non-EVM chains (such as Solana).Letsgoo 🚀🚀
PROM has become a major player in the search for scalable Ethereum solutions. Its flagship offering, Modular ZK-EVM Layer 2, promises to address the limitations of Ethereum Layer 1 by leveraging the power of zero-knowledge non-interactive succinct knowledge arguments (zkSNARKs). This complex term translates to a technology that allows transactions to be verified without revealing all the underlying data, leading to faster processing and greater privacy.
The mission of the project is clear: to revolutionize blockchain interaction by building a modular Layer 2 solution based on ZK-Rollup known as Prom zkEVM. This innovative technology aims to bridge the gap between different blockchain environments, specifically focusing on interoperability between EVM-compatible chains (such as Ethereum) and non-EVM chains (such as Solana).Letsgoo 🚀🚀
The mission of the project is clear: to revolutionize blockchain interaction by building a modular Layer 2 solution based on ZK-Rollup known as Prom zkEVM. This innovative technology aims to bridge the gap between different blockchain environments, specifically focusing on interoperability between EVM-compatible chains (such as Ethereum) and non-EVM chains (such as Solana).Letsgoo 🚀🚀
Prom Modular ZK-EVM Layer 2 Features:
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Prom Modular ZK-EVM Layer 2 Features:
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Prom Modular ZK-EVM Layer 2 Features:
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Modularity:
Prom’s architecture separates transaction verification from execution. This allows for efficient scaling while maintaining security on the Ethereum mainnet.
Multi-chain interoperability (future vision):
Prom aims to bridge the gap between different blockchains, enabling seamless communication between EVM and non-EVM compatible networks. This could unlock new interoperability possibilities within the broader blockchain landscape.
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Modularity:
Prom’s architecture separates transaction verification from execution. This allows for efficient scaling while maintaining security on the Ethereum mainnet.
Multi-chain interoperability (future vision):
Prom aims to bridge the gap between different blockchains, enabling seamless communication between EVM and non-EVM compatible networks. This could unlock new interoperability possibilities within the broader blockchain landscape.
The "prom token in layer 2" issue you're referring to is likely related to the Prometheus monitoring system and its integration with Layer 2 (L2) scaling solutions for Ethereum.
Prometheus is a popular open-source monitoring and alerting toolkit widely used in cloud-native and distributed systems. It collects metrics from various sources, stores them, and allows querying and visualizing the data.
In the context of Ethereum Layer 2 solutions, such as Optimistic Rollups or ZK-Rollups, the "prom token in layer 2" problem might refer to the challenge of monitoring and collecting metrics from these L2 systems using Prometheus.
Layer 2 solutions are designed to offload transactions from the main Ethereum chain (Layer 1) to separate, scalable execution environments. While this improves scalability and reduces transaction costs, it also introduces additional complexity in monitoring and observability.
Prometheus is a popular open-source monitoring and alerting toolkit widely used in cloud-native and distributed systems. It collects metrics from various sources, stores them, and allows querying and visualizing the data.
In the context of Ethereum Layer 2 solutions, such as Optimistic Rollups or ZK-Rollups, the "prom token in layer 2" problem might refer to the challenge of monitoring and collecting metrics from these L2 systems using Prometheus.
Layer 2 solutions are designed to offload transactions from the main Ethereum chain (Layer 1) to separate, scalable execution environments. While this improves scalability and reduces transaction costs, it also introduces additional complexity in monitoring and observability.
Prom Modular ZK-EVM Layer 2 Features:
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Modularity:
Prom’s architecture separates transaction verification from execution. This allows for efficient scaling while maintaining security on the Ethereum mainnet.
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Modularity:
Prom’s architecture separates transaction verification from execution. This allows for efficient scaling while maintaining security on the Ethereum mainnet.
PROM Features
Multichain support: Prom can submit its proof of transaction across multiple networks, including both EVM and non-EVM compatible chains, which ensurуs a high level of decentralization and 100% uptime;
Efficiency & Scalability: reduced costs and enhanced scalability with zkSNARKs;
High-Speed Transactions: Polygon Zero's tech brings exceptional speed to every transaction;
Robust Security: Inheriting Ethereum's Layer 2 security, Prom ensures the highest level of data integrity;
EVM Compatibility: Seamless integration in a familiar EVM environment;
Multichain support: Prom can submit its proof of transaction across multiple networks, including both EVM and non-EVM compatible chains, which ensurуs a high level of decentralization and 100% uptime;
Efficiency & Scalability: reduced costs and enhanced scalability with zkSNARKs;
High-Speed Transactions: Polygon Zero's tech brings exceptional speed to every transaction;
Robust Security: Inheriting Ethereum's Layer 2 security, Prom ensures the highest level of data integrity;
EVM Compatibility: Seamless integration in a familiar EVM environment;
Regarding the impact of PROM tokens on layer 2 scaling solutions, PROM was a token launched by the Ethereum scaling solution Optimism in August 2022. It is used for governance and protocol incentives within the Optimism ecosystem.
Some key points about how PROM impacts layer 2 solutions like Optimism:
Governance: PROM token holders can vote on protocol upgrades, parameter changes, and other governance proposals for Optimism. This allows the community to have a voice in the direction of the layer 2 chain.
Security: A portion of transaction fees on Optimism are paid out as rewards to PROM stakers. This incentivizes people to stake and help secure the layer 2 chain through fraud proofs and other mechanisms.
Ecosystem Funding: Part of the PROM token supply is used to fund grants, airdrops, liquidity mining programs etc. to bootstrap the Optimism ecosystem and attract developers/users.
Fee Revenue: Optimism retains a portion of the PROM rewards from fees to fund future protocol development and growth.
Some key points about how PROM impacts layer 2 solutions like Optimism:
Governance: PROM token holders can vote on protocol upgrades, parameter changes, and other governance proposals for Optimism. This allows the community to have a voice in the direction of the layer 2 chain.
Security: A portion of transaction fees on Optimism are paid out as rewards to PROM stakers. This incentivizes people to stake and help secure the layer 2 chain through fraud proofs and other mechanisms.
Ecosystem Funding: Part of the PROM token supply is used to fund grants, airdrops, liquidity mining programs etc. to bootstrap the Optimism ecosystem and attract developers/users.
Fee Revenue: Optimism retains a portion of the PROM rewards from fees to fund future protocol development and growth.
Future Prospects and Testnet Launch:
On March 16, 2024, PROM marked a major milestone with the launch of its testnet. This critical step allows blockchain developers and enthusiasts to explore the network's functionalities in a secure environment. They can test features, identify potential improvements, and contribute to the development of the project before the official mainnet launch. The launch of the testnet signifies PROM's commitment to open participation and community-driven development.
With the successful launch of the testnet, PROM has entered an exciting phase. The next few months will likely focus on gathering community feedback, fine-tuning the network based on testnet results, and building anticipation for the long-awaited mainnet launch.
On March 16, 2024, PROM marked a major milestone with the launch of its testnet. This critical step allows blockchain developers and enthusiasts to explore the network's functionalities in a secure environment. They can test features, identify potential improvements, and contribute to the development of the project before the official mainnet launch. The launch of the testnet signifies PROM's commitment to open participation and community-driven development.
With the successful launch of the testnet, PROM has entered an exciting phase. The next few months will likely focus on gathering community feedback, fine-tuning the network based on testnet results, and building anticipation for the long-awaited mainnet launch.
Some key points about how PROM impacts layer 2 solutions like Optimism:
Governance: PROM token holders can vote on protocol upgrades, parameter changes, and other governance proposals for Optimism. This allows the community to have a voice in the direction of the layer 2 chain.
Security: A portion of transaction fees on Optimism are paid out as rewards to PROM stakers. This incentivizes people to stake and help secure the layer 2 chain through fraud proofs and other mechanisms.
Ecosystem Funding: Part of the PROM token supply is used to fund grants, airdrops, liquidity mining programs etc. to bootstrap the Optimism ecosystem and attract developers/users.
Fee Revenue: Optimism retains a portion of the PROM rewards from fees to fund future protocol development and growth.
So in essence, PROM acts as the governance token that aligns incentives, distributes fees, funds development, and allows stakeholders to have a voice in the direction of the Optimism layer 2 chain. This token model has been adopted by other layer 2s as well to create sustainable ecosystems.
Governance: PROM token holders can vote on protocol upgrades, parameter changes, and other governance proposals for Optimism. This allows the community to have a voice in the direction of the layer 2 chain.
Security: A portion of transaction fees on Optimism are paid out as rewards to PROM stakers. This incentivizes people to stake and help secure the layer 2 chain through fraud proofs and other mechanisms.
Ecosystem Funding: Part of the PROM token supply is used to fund grants, airdrops, liquidity mining programs etc. to bootstrap the Optimism ecosystem and attract developers/users.
Fee Revenue: Optimism retains a portion of the PROM rewards from fees to fund future protocol development and growth.
So in essence, PROM acts as the governance token that aligns incentives, distributes fees, funds development, and allows stakeholders to have a voice in the direction of the Optimism layer 2 chain. This token model has been adopted by other layer 2s as well to create sustainable ecosystems.
The "prom token in layer 2" problem could arise due to various reasons:
Accessibility: L2 systems may have different access mechanisms or APIs compared to Layer 1, making it challenging to collect metrics directly from them using Prometheus.
Compatibility: The existing Prometheus exporters or integrations might not be compatible with the specific L2 solution, requiring custom development or configuration.
Security: L2 systems often prioritize security and may have restricted access or sandboxed environments, making it difficult for external monitoring tools like Prometheus to collect metrics directly.
Decentralization: Some L2 solutions aim for decentralization, with nodes spread across multiple locations, which could complicate centralized monitoring with Prometheus.
Accessibility: L2 systems may have different access mechanisms or APIs compared to Layer 1, making it challenging to collect metrics directly from them using Prometheus.
Compatibility: The existing Prometheus exporters or integrations might not be compatible with the specific L2 solution, requiring custom development or configuration.
Security: L2 systems often prioritize security and may have restricted access or sandboxed environments, making it difficult for external monitoring tools like Prometheus to collect metrics directly.
Decentralization: Some L2 solutions aim for decentralization, with nodes spread across multiple locations, which could complicate centralized monitoring with Prometheus.
Future Vision:
Looking ahead, the Prom team has ambitious plans to expand the platform's capabilities and ecosystem:
1. Multi-Chain Compatibility:** They aim to make Prom interoperable with other major blockchain networks to increase accessibility and adoption.
2. Institutional DeFi:** Prom is targeting increased institutional participation in DeFi by providing enterprise-grade security and compliance features.
3. Decentralized Insurance:** There are plans to integrate decentralized insurance protocols to help mitigate risks for Prom users.
4. Expanded DeFi Services:** The team wants to continuously add new DeFi applications and use cases for the PROM token within the Prom ecosystem.
Looking ahead, the Prom team has ambitious plans to expand the platform's capabilities and ecosystem:
1. Multi-Chain Compatibility:** They aim to make Prom interoperable with other major blockchain networks to increase accessibility and adoption.
2. Institutional DeFi:** Prom is targeting increased institutional participation in DeFi by providing enterprise-grade security and compliance features.
3. Decentralized Insurance:** There are plans to integrate decentralized insurance protocols to help mitigate risks for Prom users.
4. Expanded DeFi Services:** The team wants to continuously add new DeFi applications and use cases for the PROM token within the Prom ecosystem.
This launch will mark the official arrival of the future $PROM interoperable blockchain:
* Evaluation of scalability claims: The testnet will allow for a real-world evaluation of Prom's ability to handle higher transaction volumes and reduce processing times.
* Identification of potential security issues: Rigorous testing during the testing phase is crucial to identify and address any vulnerabilities before mainnet launch.
* Building a developer community: The testnet will serve as a valuable tool to attract developers and foster a community around the Prom. Educational resources and development tools will be essential in this phase.
The success of the testnet will be an important indicator of Prom's future potential. By showing its ability to address scalability challenges while maintaining security, Prom can position itself as a major player in the changing landscape of scaling solutions. Ethereum. As the testnet launch approaches, the entire blockchain community is waiting in anticipation to see if Prom can deliver on its promises.
* Evaluation of scalability claims: The testnet will allow for a real-world evaluation of Prom's ability to handle higher transaction volumes and reduce processing times.
* Identification of potential security issues: Rigorous testing during the testing phase is crucial to identify and address any vulnerabilities before mainnet launch.
* Building a developer community: The testnet will serve as a valuable tool to attract developers and foster a community around the Prom. Educational resources and development tools will be essential in this phase.
The success of the testnet will be an important indicator of Prom's future potential. By showing its ability to address scalability challenges while maintaining security, Prom can position itself as a major player in the changing landscape of scaling solutions. Ethereum. As the testnet launch approaches, the entire blockchain community is waiting in anticipation to see if Prom can deliver on its promises.
Prom Modular ZK-EVM Layer 2 Features:
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Modularity:
Prom’s architecture separates transaction verification from execution. This allows for efficient scaling while maintaining security on the Ethereum mainnet.
Multi-chain interoperability (future vision):
Prom aims to bridge the gap between different blockchains, enabling seamless communication between EVM and non-EVM compatible networks. This could unlock new interoperability possibilities within the broader blockchain landscape.
Scalability:
Prom aims to significantly increase transaction throughput compared to Ethereum Layer 1. This results in faster transaction processing times and potentially eliminates the high gas fees currently plaguing the Ethereum network.
Security:
By inheriting the security of the Ethereum mainnet, Prom ensures a solid foundation for your transactions. This hybrid approach takes advantage of Ethereum’s well-established security while enabling faster processing at the Prom layer.
EVM Support:
Existing smart contracts written for the Ethereum Virtual Machine (EVM) can be seamlessly deployed to Prom, minimizing the need for code modifications. This makes the platform attractive to developers who are already familiar with the Ethereum ecosystem.
Modularity:
Prom’s architecture separates transaction verification from execution. This allows for efficient scaling while maintaining security on the Ethereum mainnet.
Multi-chain interoperability (future vision):
Prom aims to bridge the gap between different blockchains, enabling seamless communication between EVM and non-EVM compatible networks. This could unlock new interoperability possibilities within the broader blockchain landscape.
Strengths of the Prom Layer 2 modular ZK-EVM:
* Address Ethereum scalability issues: Prom has the potential to alleviate congestion and high gas fees that currently hinder widespread Ethereum adoption.
* Improved user experience: Faster transaction processing and lower fees can significantly improve the user experience within decentralized applications (dApps) built on Prom.
* Developer-friendly approach: EVM support makes Prom an attractive option for developers, minimizing the learning curve for creating dApps on the platform.
* Security through inheritance: By relying on the security of Ethereum, Prom offers a solid foundation for trust between users and developers.
* Address Ethereum scalability issues: Prom has the potential to alleviate congestion and high gas fees that currently hinder widespread Ethereum adoption.
* Improved user experience: Faster transaction processing and lower fees can significantly improve the user experience within decentralized applications (dApps) built on Prom.
* Developer-friendly approach: EVM support makes Prom an attractive option for developers, minimizing the learning curve for creating dApps on the platform.
* Security through inheritance: By relying on the security of Ethereum, Prom offers a solid foundation for trust between users and developers.
What is Prom (PROM)?
Prom represents an advanced Layer 2 solution designed to enhance the interoperability and efficiency of blockchain networks. By bridging multiple Layer 1 (L1) networks, it addresses some of the most pressing challenges in the blockchain space, including scalability, speed, and cross-chain communication. This technology is particularly significant for its ability to connect both Ethereum Virtual Machine (EVM) and non-EVM compatible chains, thereby broadening its applicability and utility across different blockchain ecosystems.
At its core, Prom leverages zero-knowledge proofs, specifically zkSNARKs, to ensure transactions are not only fast but also secure and private. This technology allows for the verification of transactions without revealing any sensitive information, thereby maintaining privacy and security. Furthermore, by submitting proof of transactions to additional chains atop the chosen settlement chain, Prom effectively builds bridges between disparate blockchain ecosystems, facilitating seamless asset and data transfer.
The native token of the Prom ecosystem, PROM, plays a crucial role in maintaining and operating the network. It is used as gas for transactions and smart contract interactions, ensuring that operations are executed smoothly and efficiently. Additionally, PROM serves as a governance token, giving holders the right to participate in decision-making processes that shape the network's future. This includes proposals and voting on upgrades or changes within the Prom ecosystem. The token also incentivizes users to contribute to the network, whether through setting up nodes, participating in governance, or engaging with various services offered within the Prom ecosystem.
Prom represents an advanced Layer 2 solution designed to enhance the interoperability and efficiency of blockchain networks. By bridging multiple Layer 1 (L1) networks, it addresses some of the most pressing challenges in the blockchain space, including scalability, speed, and cross-chain communication. This technology is particularly significant for its ability to connect both Ethereum Virtual Machine (EVM) and non-EVM compatible chains, thereby broadening its applicability and utility across different blockchain ecosystems.
At its core, Prom leverages zero-knowledge proofs, specifically zkSNARKs, to ensure transactions are not only fast but also secure and private. This technology allows for the verification of transactions without revealing any sensitive information, thereby maintaining privacy and security. Furthermore, by submitting proof of transactions to additional chains atop the chosen settlement chain, Prom effectively builds bridges between disparate blockchain ecosystems, facilitating seamless asset and data transfer.
The native token of the Prom ecosystem, PROM, plays a crucial role in maintaining and operating the network. It is used as gas for transactions and smart contract interactions, ensuring that operations are executed smoothly and efficiently. Additionally, PROM serves as a governance token, giving holders the right to participate in decision-making processes that shape the network's future. This includes proposals and voting on upgrades or changes within the Prom ecosystem. The token also incentivizes users to contribute to the network, whether through setting up nodes, participating in governance, or engaging with various services offered within the Prom ecosystem.
The "prom token in layer 2" problem could arise due to various reasons:
Accessibility: L2 systems may have different access mechanisms or APIs compared to Layer 1, making it challenging to collect metrics directly from them using Prometheus.
Compatibility: The existing Prometheus exporters or integrations might not be compatible with the specific L2 solution, requiring custom development or configuration.
Security: L2 systems often prioritize security and may have restricted access or sandboxed environments, making it difficult for external monitoring tools like Prometheus to collect metrics directly.
Decentralization: Some L2 solutions aim for decentralization, with nodes spread across multiple locations, which could complicate centralized monitoring with Prometheus.
Accessibility: L2 systems may have different access mechanisms or APIs compared to Layer 1, making it challenging to collect metrics directly from them using Prometheus.
Compatibility: The existing Prometheus exporters or integrations might not be compatible with the specific L2 solution, requiring custom development or configuration.
Security: L2 systems often prioritize security and may have restricted access or sandboxed environments, making it difficult for external monitoring tools like Prometheus to collect metrics directly.
Decentralization: Some L2 solutions aim for decentralization, with nodes spread across multiple locations, which could complicate centralized monitoring with Prometheus.
What key events have there been for Prom (PROM)?
Despite the initial search indicating a lack of key events for Prom, the description of its technological advancements and features highlights significant milestones in its development. Prom, as a modular ZkEVM Layer 2 solution, stands out for its interoperability across various chains, including both EVM and non-EVM compatible networks. This capability is a notable achievement in the blockchain space, aiming to bridge different ecosystems and enhance the fluidity of transactions across networks.
The introduction of Prom's zkSNARKs technology for reduced costs and enhanced scalability marks a pivotal advancement in making blockchain transactions more efficient and accessible. Coupled with the high-speed transactions enabled by Polygon Zero's technology, Prom is setting a new standard for transaction speed and efficiency in the blockchain world.
Despite the initial search indicating a lack of key events for Prom, the description of its technological advancements and features highlights significant milestones in its development. Prom, as a modular ZkEVM Layer 2 solution, stands out for its interoperability across various chains, including both EVM and non-EVM compatible networks. This capability is a notable achievement in the blockchain space, aiming to bridge different ecosystems and enhance the fluidity of transactions across networks.
The introduction of Prom's zkSNARKs technology for reduced costs and enhanced scalability marks a pivotal advancement in making blockchain transactions more efficient and accessible. Coupled with the high-speed transactions enabled by Polygon Zero's technology, Prom is setting a new standard for transaction speed and efficiency in the blockchain world.
Prom Token in Layer 2 Information:
PROM - The Keystone of Layer 2: PROM is the native token that powers the Prom zkEVM ecosystem, facilitating transactions, empowering users with governance, and incentivizing community contributions. It plays a crucial role in shaping the future network through user decision-making power.
Enhanced Interoperability: Prom acts as a bridge, seamlessly connecting various blockchain ecosystems, including EVM and non-EVM compatible networks, through its modular zkEVM Layer 2 solution. This enables improved interoperability and functionality across different networks.
Facilitating Faster Transactions: Prom tokens are utilized in Layer 2 scaling solutions for blockchains like Ethereum. They provide a claim on funds held on the underlying Layer 1 blockchain, enabling faster and more cost-effective transactions on Layer 2 networks while maintaining security.
PROM - The Keystone of Layer 2: PROM is the native token that powers the Prom zkEVM ecosystem, facilitating transactions, empowering users with governance, and incentivizing community contributions. It plays a crucial role in shaping the future network through user decision-making power.
Enhanced Interoperability: Prom acts as a bridge, seamlessly connecting various blockchain ecosystems, including EVM and non-EVM compatible networks, through its modular zkEVM Layer 2 solution. This enables improved interoperability and functionality across different networks.
Facilitating Faster Transactions: Prom tokens are utilized in Layer 2 scaling solutions for blockchains like Ethereum. They provide a claim on funds held on the underlying Layer 1 blockchain, enabling faster and more cost-effective transactions on Layer 2 networks while maintaining security.
Advantages of PROM Tokens in Layer 2 Technology:
Scalability and Efficiency: Prom tokens in Layer 2 technology, specifically the Modular zkEVM Layer 2 protocol, offer solutions to enhance scalability and efficiency in blockchain systems. This addresses key challenges that have hindered widespread adoption.
Cornerstone of Layer 2 Ecosystem: PROM tokens stand as the keystone of Prom's Layer 2 ecosystem, driving network functionality and empowering users with various features like governance. Token holders can shape network direction through decision-making processes.
Native Token Power: PROM, as the native token of the Prom zkEVM ecosystem, plays a pivotal role in facilitating transactions, empowering users with governance rights, and incentivizing community contributions. Its integration with cutting-edge recursive STARK technology ensures compatibility with the Ethereum Virtual Machine (EVM).
Revolutionizing Interoperability: Prom tokens are driving the revolution in blockchain interoperability through the innovative zkEVM Layer 2 architecture. By bridging the gap between the EVM and non-EVM worlds, PROM tokens offer a modular framework for Layer 2 solutions
Scalability and Efficiency: Prom tokens in Layer 2 technology, specifically the Modular zkEVM Layer 2 protocol, offer solutions to enhance scalability and efficiency in blockchain systems. This addresses key challenges that have hindered widespread adoption.
Cornerstone of Layer 2 Ecosystem: PROM tokens stand as the keystone of Prom's Layer 2 ecosystem, driving network functionality and empowering users with various features like governance. Token holders can shape network direction through decision-making processes.
Native Token Power: PROM, as the native token of the Prom zkEVM ecosystem, plays a pivotal role in facilitating transactions, empowering users with governance rights, and incentivizing community contributions. Its integration with cutting-edge recursive STARK technology ensures compatibility with the Ethereum Virtual Machine (EVM).
Revolutionizing Interoperability: Prom tokens are driving the revolution in blockchain interoperability through the innovative zkEVM Layer 2 architecture. By bridging the gap between the EVM and non-EVM worlds, PROM tokens offer a modular framework for Layer 2 solutions
What is Prom (PROM)?
Prom represents an advanced Layer 2 solution designed to enhance the interoperability and efficiency of blockchain networks. By bridging multiple Layer 1 (L1) networks, it addresses some of the most pressing challenges in the blockchain space, including scalability, speed, and cross-chain communication. This technology is particularly significant for its ability to connect both Ethereum Virtual Machine (EVM) and non-EVM compatible chains, thereby broadening its applicability and utility across different blockchain ecosystems.
At its core, Prom leverages zero-knowledge proofs, specifically zkSNARKs, to ensure transactions are not only fast but also secure and private. This technology allows for the verification of transactions without revealing any sensitive information, thereby maintaining privacy and security. Furthermore, by submitting proof of transactions to additional chains atop the chosen settlement chain, Prom effectively builds bridges between disparate blockchain ecosystems, facilitating seamless asset and data transfer.
The native token of the Prom ecosystem, PROM, plays a crucial role in maintaining and operating the network. It is used as gas for transactions and smart contract interactions, ensuring that operations are executed smoothly and efficiently. Additionally, PROM serves as a governance token, giving holders the right to participate in decision-making processes that shape the network's future. This includes proposals and voting on upgrades or changes within the Prom ecosystem. The token also incentivizes users to contribute to the network, whether through setting up nodes, participating in governance, or engaging with various services offered within the Prom ecosystem.
Prom represents an advanced Layer 2 solution designed to enhance the interoperability and efficiency of blockchain networks. By bridging multiple Layer 1 (L1) networks, it addresses some of the most pressing challenges in the blockchain space, including scalability, speed, and cross-chain communication. This technology is particularly significant for its ability to connect both Ethereum Virtual Machine (EVM) and non-EVM compatible chains, thereby broadening its applicability and utility across different blockchain ecosystems.
At its core, Prom leverages zero-knowledge proofs, specifically zkSNARKs, to ensure transactions are not only fast but also secure and private. This technology allows for the verification of transactions without revealing any sensitive information, thereby maintaining privacy and security. Furthermore, by submitting proof of transactions to additional chains atop the chosen settlement chain, Prom effectively builds bridges between disparate blockchain ecosystems, facilitating seamless asset and data transfer.
The native token of the Prom ecosystem, PROM, plays a crucial role in maintaining and operating the network. It is used as gas for transactions and smart contract interactions, ensuring that operations are executed smoothly and efficiently. Additionally, PROM serves as a governance token, giving holders the right to participate in decision-making processes that shape the network's future. This includes proposals and voting on upgrades or changes within the Prom ecosystem. The token also incentivizes users to contribute to the network, whether through setting up nodes, participating in governance, or engaging with various services offered within the Prom ecosystem.