The Good Tech Companies - Flare Network Integrates Polyhedra's zkBridge for Cross-Chain Security

Episode Date: August 29, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/flare-network-integrates-polyhedras-zkbridge-for-cross-chain-security. he integration, approved by the Polyhedra community, will enable Flare developers to create cross-chain applications using LayerZero. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #flare-network, #zkbridge, #polyhedra-zkbridge, #decentralized-verifier-network, #zero-knowledge-proofs, #flare-total-value-locked, #good-company, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Flare Network has integrated Polyhedra's zkBridge Decentralized Verifier Network (DVN) into its ecosystem. The integration aims to enhance cross-chain security and interoperability. Flare's total value locked (TVL) reaches all-time highs, with its user base exceeding 1 million wallets.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Flare Network integrates Polyhedra's ZK Bridge for cross-chain security by Ashan Pandey. Flare Network has integrated Polyhedra's ZK Bridge Decentralized Verifier Network DVN into its ecosystem, aiming to enhance cross-chain security and interoperability. The integration, approved by the Polyhedra community, will enable Flare developers to create cross-chain applications using Layer 0 while leveraging zero-knowledge, ZK, proofs. ZK Bridge, a cross-chain interoperability protocol, uses ZK Snarks to verify transactions across different blockchain networks.

It currently supports over 30 Layer 1 and Layer 2 networks and has verified more than 20 million cross-chain transactions. Hugo Fillion, Flare co-founder, stated, Polyhedra's ZK bridge adds an additional security layer to Layer 0's interoperability protocol. Its integration demonstrates the value of ZK technology in facilitating value flow between networks. The integration comes as Flare's total value locked, TVL, reaches all-time highs, with its user base exceeding 1 million wallets. This growth suggests increasing demand for cross-chain functionalities and data intensive blockchain applications. Eric Vreeland, chief strategy officer of Polyhedra, commented on

the integration. The level of activity on Flare has been ramping up, and reliable bridging protocols are key to accelerating this while maintaining decentralization. ZipBridge's technology allows for efficient batching of multiple transaction verifications into a single proof, potentially reducing on-chain verification costs and latency. This could enable Flare-based applications to interact more efficiently with other blockchain networks, particularly in areas such as decentralized finance, DeFi. Industry analysts note that while the integration promises enhanced security and efficiency, its effectiveness will depend on real-world implementation and developer adoption. The blockchain sector continues to prioritize interoperability solutions,

with partnerships like this becoming increasingly common. As the integration rolls out, the blockchain community will be watching to see how it impacts cross-chain development and whether it delivers on its promised benefits of improved security and efficiency in inter-blockchain communications. As cross-chain interoperability becomes more seamless, it may attract increased regulatory scrutiny. If successful, this integration could influence other blockchain projects to pursue similar strategies, potentially accelerating the trend towards a more interconnected blockchain ecosystem. As the integration rolls out, the blockchain community will be watching closely to see how it impacts cross-chain development and whether it delivers on its promised benefits of improved security and efficiency in inter-blockchain

communications. The long-term implications of this development could play a significant role in shaping the future of blockchain interoperability and the broader adoption of decentralized technologies. Don't forget to like and share the story. Tip Vested Interest Disclosure This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R Thank you for listening to this Hacker Noon story, read by Artificial Intelligence.

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