Polygon Labs, represented by MATIC, and the NEAR Foundation have unveiled a strategic partnership focused on creating a zero-knowledge (ZK) prover designed for WebAssembly (Wasm) blockchains.
This collaboration’s primary objective is to connect Wasm-based chains with the Ethereum ecosystem, offering developers who utilize the Polygon CDK (Chain Development Kit) a range of customization options.
NEAR Foundation Becomes Core Contributor to Polygon
Polygon Labs wants to introduce something called a zkWasm prover. This thing gives developers using Polygon CDK more choices for their projects. It’s like a tool that can be used in different situations, like when they want to start a new Ethereum Virtual Machine chain or make a Wasm chain that works better with Ethereum and can access money more easily.
The zkWasm prover is like a new kind of engine that can prove that Wasm code works correctly without showing the actual code. This should make things work better and more fairly. It also helps NEAR get closer to Ethereum.
The NEAR Foundation is going to help a lot with this, making Polygon CDK even better for developers.
Sandeep Nailwal, one of the founders of Polygon, is really excited about working with NEAR on this. He thinks the zkWasm prover will let developers do even more cool stuff.
Just so you know, WebAssembly is a popular tool for running complicated programs in web browsers. It works as a kind of engine for Web3 blockchains like NEAR and Polkadot, which is different from Ethereum.
Enhancing Scalability and Decentralization
“We’re happy to work with Polygon Labs to make digital security better, not just for NEAR but for all Web3 projects. As NEAR and Ethereum become better friends and explore new ideas, our teamwork will help more assets and money move freely across different blockchains. Plus, by creating and using the zkWasm prover, NEAR will make its network faster and fairer.
In simple terms, this partnership between Polygon Labs and the NEAR Foundation is a big deal for both groups. It’ll give developers more choices to build special blockchains with the Polygon CDK. And it’ll also bring NEAR Protocol closer to Ethereum, so different blockchains can work together and share money more easily.”
Source: MATICUSDT on TradingView.com
In the most recent update, MATIC, Polygon’s native token, is inching closer to the $0.800 mark, a significant milestone not seen since July. At present, the token is trading at $0.7903, demonstrating a substantial upward trend.
This favorable momentum is additionally reinforced by an impressive 11% increase observed over the last 24 hours.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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