Tagged: zkps

June 8, 2023 @ 11:35 am By Omar Faridi  |  

Bitso, the crypto-powered financial services company in Latin America, today made public the progress of its “Proof that Matters” with which it “shows its solvency with cryptographic technology in all Bitcoin and Ether assets held on its platform, through the Zero-Knowledge Proof developed by Proven… Read More

May 19, 2023 @ 10:16 am By Omar Faridi  |  

Wormhole Foundation announced that Wormhole has been selected as the next official bridge for NEAR. Wormhole will launch the first trustless NEAR <> ETH corridor powered by Zero Knowledge (ZK) Proofs. This corridor will enable all major NEAR assets “to be seamlessly bridged to the… Read More

April 24, 2023 @ 9:35 am By Omar Faridi  |  

Jens Groth explains that zero-knowledge proofs “allow you to prove a statement is true without revealing anything else but the fact the statement is true.” He also pulls out a deck of cards “to illustrate what he means by this.” He adds: “Let’s say I… Read More

March 9, 2023 @ 12:58 pm By Omar Faridi  |  

Following a $3.5 million seed round in November, Elusiv has developed rapidly to make privacy in Web 3 practical. Recently, the protocol launched on Solana Mainnet, bringing “a suite of zero-knowledge encryption features to the Solana ecosystem that overcomes a central Web3 pain point: Ensuring… Read More

March 31, 2022 @ 3:58 pm By Omar Faridi  |  

The Polygon Network, a decentralized app (dApp) layer for Ethereum, has announced that “Polygon ID”, one of the first identity platforms powered by zero-knowledge (ZK) cryptography — privacy, and blockchain scaling technology, will be “ready before the year ends.” The blockchain-enabled ID for decentralized and… Read More

February 17, 2022 @ 5:29 pm By Omar Faridi  |  

Binance Labs, the VC and innovation incubator of Binance, made an investment in Manta Network, the Web3 privacy protocol focused on privatizing crypto-assets. Manta Network’s layer-1 network design “leverages zero-knowledge proofs to privatize crypto assets.” Built with the Substrate framework, Manta’s privacy tech interoperates with… Read More

January 23, 2022 @ 5:30 pm By Omar Faridi  |  

Pledge Finance, the platform for long-term, fixed-rate cryptocurrency-based loans, is pleased to confirm a partnership with zkLink, a provider of secure cross-chain token swaps “powered by zero-knowledge proofs.” As mentioned in an update shared with CI, the partnership will allow Pledge to “integrate with more… Read More

July 4, 2021 @ 4:33 pm By Omar Faridi  |  

Big Four auditing firm Ernst & Young (EY) has contributed a zero-knowledge proof (ZKP) layer-2 protocol into the public domain in order to help with addressing rising transaction costs on the Ethereum (ETH) blockchain network, the world’s largest smart contract platform. The protocol has been… Read More

May 10, 2021 @ 7:03 am By Omar Faridi  |  

Suterusu, the first layer-2 privacy protection protocol that doesn’t need a trusted setup, has reportedly received a strategic investment from Dialectic. Dialectic’s management noted that they’ve been quite impressed by Suterusu’s ability to adapt and evolve the protocol “very quickly.” As a multi-chain “Maximalist,” Dialectic… Read More

May 7, 2021 @ 8:51 pm By Omar Faridi  |  

Li Jun, Founder of Ontology, recently commented on how Self Sovereign Identity solutions will reshape or transform how we share data via the Internet. Jun notes that each time you get on the internet, you’re adding your digital identity and are also creating a “virtual… Read More

November 25, 2020 @ 4:12 pm By Omar Faridi  |  

The developers at Loopring, which allows anyone to create “high-throughput,” non-custodial, orderbook-based exchanges on Ethereum by leveraging Zero-Knowledge Proofs or ZKPs (for financial privacy), have introduced a beta version of the Loopring Wallet – which is notably the first Ethereum smart wallet with built-in zkRollup… Read More

September 24, 2020 @ 9:00 am By Omar Faridi  |  

Bison Trails, a major blockchain infrastructure-as-a-service firm, revealed on September 24, 2020 that it will be powering ZKValidator, which aims to support privacy and zero-knowledge research by operating community-focused public (transaction) validators on leading proof of stake or PoS protocols such as Cosmos, Polkadot, Kusama,… Read More

June 30, 2020 @ 10:27 am By Omar Faridi  |  

Zero-knowledge proofs (ZKPs) and other cryptographic techniques for enhancing privacy on blockchain networks are still in their early stages of development, according to the central bank of Canada. The reserve bank said that ZKPs may not be integrated into central bank digital currencies (CBDC) just… Read More

May 5, 2020 @ 7:13 am By Omar Faridi  |  

The Banco Bilbao Vizcaya Argentaria (BBVA), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with around €700 billion in total assets, has teamed up with a local research center, called the IMDEA Software Institution. The BBVA noted in a release that it… Read More

April 16, 2020 @ 8:43 pm By Omar Faridi  |  

WeBank, one of China’s first all-digital challenger banks, has revealed that it will begin exploring  the potential integration of DAML, which is an open-source smart contract programming language developed by Digital Asset (the company). The DAML software has been developed in order to help software… Read More

December 27, 2019 @ 4:15 pm By Omar Faridi  |  

We recently caught up with Dr. Xiang Xie, Algorithm Scientist of PlatON, a globally accessible “trustless” computing network, which recently revealed that it co-organized and supported the second iteration of the “Crypto Innovation School” (CIS). CIS is reportedly accredited by the International Association for Cryptologic… Read More