- Polyhedra’s zkBridge enhances Flare’s security and facilitates cross-chain value transfer using zk-proofs.
- Flare’s integration with Stargate Finance allows seamless liquidity flow across 25+ blockchains.
In a tweet, Polyhedra has announced a new relationship with Flare Networks with the goal of improving cross-chain security through zk-proofs. This partnership will involve the integration of Flare and Polyhedra’s zkBridge DVN.
🚀 Polyhedra is teaming up with @FlareNetworks to boost cross-chain security using zk-proofs! 🔒 https://t.co/vq8dvAfygg
— Polyhedra Network (@PolyhedraZK) August 28, 2024
Enhances Flare Cross-Chain Validation with zkSNARKs
According to Hugo Philion, co-founder of Flare, the integration of Polyhedra’s zkBridge adds another layer of security to LayerZero’s interoperability protocol. He stated:
“The integration is a sign of the growing support for Flare from cross-chain protocols and demonstrates the value of ZK technology in making it easier for value to flow freely between networks.”
Polyhedra’s zkBridge uses zkSNARKs to securely send and validate block headers and consensus across several blockchains. It employs a two-tier recursive proof architecture, which allows for faster proof creation while lowering the costs associated with on-chain proof verification.
Specifically, Polyhedra’s zkLightClient technology greatly decreases on-chain verification costs and latency by efficiently batching numerous transaction verifications into a single proof. This solution enables on-chain light clients to have the source chain’s validator set to confirm events on their chain and send them to the destination chain.
For example, decentralized applications (dapps) on Flare can use zkBridge to access data from other networks, allowing for the development of robust cross-chain financial applications for decentralized finance (DeFi), such as trading, perpetual contracts, prediction markets, and others.
Furthermore, Polyhedra’s zkBridge integration improves the LayerZero communications protocol’s security while easing the flow of data and assets to Flare, which has achieved remarkable total value locked (TVL).
Beside that, we previously reported that Flare previously integrated Stargate Finance, enabling seamless liquidity transfer across more than 25 blockchains.
Meanwhile, Flare’s native token, FLR, has dropped 1.17% over the last 24 hours, trading at $0.01602. This dip is following the current correction in the major cryptocurrency market.
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