7 hours ago
Boundless, the decentralized zero-knowledge (ZK) compute marketplace powered by RISC Zero, has launched its incentivized testnet (which it is calling “Mainnet Beta”) connected Base, Coinbase’s Ethereum layer-2 network.
With Boundless’ incentivized testnet, developers tin physique and trial applications successful an situation arsenic if the protocol is successful afloat unrecorded format. The web has already landed aboriginal enactment from manufacture heavyweights similar the Ethereum Foundation, Wormhole and EigenLayer.
A decentralized marketplace for zero-knowledge compute connects those who request zero-knowledge proofs — specified arsenic developers gathering rollups, bridges, oregon privacy-preserving applications — with a distributed web of autarkic “ZK provers oregon miners” who make and verify those proofs. Instead of relying connected centralized parties, this exemplary allows anyone with the close hardware to lend computing powerfulness and beryllium rewarded for doing that cryptographic work.
Zero-knowledge (ZK) exertion allows parties to beryllium that a transaction is valid without revealing delicate details similar identities oregon amounts. ZK proofs are wide seen arsenic important to the adjacent procreation of privateness and scaling focused blockchain projects.
The web relies connected a Proof of Verifiable Work (PoVW) statement mechanism. “PoVW is an unfastened proving marketplace wherever ZK miners, similar institutions and individuals with high-performance GPUs, are rewarded for successfully verifying proofs," the squad wrote successful a property merchandise shared with CoinDesk. “Unlike accepted Proof of Work, miners get rewarded for verification wrong a ZK Virtual Machine, ensuring efficiency, fairness, and security.”
In addition, those who volition enactment successful the incentivized testnet volition beryllium capable to gain aboriginal allocations of the network’s forthcoming token, $ZKC, with an airdrop lawsuit planned for aboriginal this year. Rewards are distributed based connected the volume, speed, and complexity of proofs generated.
The squad besides shared that the network’s existent mainnet is planned for the 3rd 4th of 2025, with the token going unrecorded past too.
“Boundless makes blockchains much scalable by allowing secure, cross-chain computing without repeating the aforesaid tasks. This boosts efficiency, strengthens security, and lets developers and miners articulation successful crossed antithetic ecosystems,” said Shiv Shankar, the CEO of Boundless, successful the property release.
Read more: Blockchain Capital Leads $40M Round for Crypto Firm RISC Zero
English (US) 