The Good Tech Companies - Iva Wisher on PROM's Mission to Revolutionize Blockchain Interoperability

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Eva Wisher on PROM's mission to revolutionize blockchain interoperability by Ashan Pandey. In this exclusive, behind-the-startup, interview, we sit down with Eva Wisher, a driving force behind PROM, to explore the innovative world of modular ZKE VM Layer 2 solutions. With a focus on multi-chain interoperability, scalability, and seamless user experiences, Prom is set to transform the blockchain landscape. Join us as we delve into the inspiration behind Prom, the potential of account abstraction, and the challenges and opportunities that lie ahead in the ever-evolving Web3 ecosystem.

Starting point is 00:00:41 Ashan Pandey Hello, Eva. It's a pleasure to welcome you to our Behind the Startup series. What inspired the creation of Prom and its focus on modular ZK-EVM Layer 2 solutions? Eva Wisher. We've been in the game since 2019, introducing and contributing to various products across multiple industry sectors. That experience gives you a fine market sentiment and a crucial advantage in identifying what the current landscape lacks. That backdrop gave the starting point for the PROM you know today. Yes, undeniably, the market has changed a lot since 2019, and from lacking product diversity within the space, we've moved to another issue.

Starting point is 00:01:21 Lack of interconnection between existing ecosystems and interoperability that hampers further growth and adoption. We're not the first to explore the possibilities of L2, but we aim to further enhance its scalability with a multi-chain approach, simultaneous verification of transactions across chains, and zero network downtime. Ashan Pandey. How do you see AA, account abstraction, transforming user experiences, and what unique features does Prom offer in this regard? Eva Wisher. Account abstraction is one of the current and most evident pinpoints for moving mass adoption further, thanks to the flexibility of everyday blockchain interactions it brings.

Starting point is 00:01:59 We are looking into this direction, and it's on our roadmap for the foreseeable future after the mainnet launch. We're particularly interested in the implementation of Paymasters that will simplify transactions by allowing gas fees to be paid in any token. On-network implementation combined with a multi-chain approach significantly elevates user experience and provides a dynamic ground for developers seeking to build on top of PROM. Ashan Pandey. Interoperability is a key feature of PROM, enabling seamless integration across both EVM and non-EVM networks. How do you ensure secure and efficient transaction verification across multiple chains?

Starting point is 00:02:36 Eva Wisher. It may seem a bit complex at first glance, but if we compare it, it's actually quite easy to grasp. Take another L2 solution, Arbitrum, for example, that submits TX proof to the Ethereum mainnet. Prom uses the same logic, however, it submits proofs to multiple chains simultaneously, including Bitcoin. This approach increases decentralization and eliminates the risk of downtime. If you submit proofs to a specific L1 and it's down for some time, it also leads to L2 being down. In PROM's case, submitting proofs to several chains brings the possibility of the network downtime to zero. Nishan Pondi. Given its emphasis on gas fee reduction and scalability improvements, how does PROM incentivize developers and users to migrate

Starting point is 00:03:21 their activities to the network. What specific incentive programs does PROM provide to encourage adoption? Eva Wisher. We will introduce an extensive support program for developers to ensure smooth onboarding into our ecosystem. That includes grants, extensive partnership opportunities, technical support, and a toolset for building. We're committed to providing all-around support for builders on Prom to foster a blooming ecosystem. For users, our core mission is to maximize the efficiency and convenience of everyday interactions, low-cost transactions, user-oriented interface, robust security, and opportunities to contribute to Prom development through DAO governance, powered with rewards and benefits for activity and value.

Starting point is 00:04:04 Nishan Pondi. How does PROM aim to address the existing challenges and shortcomings in the blockchain industry? Eva Wisher. The answer lies in the PROM core features. First of all, we foster multi-chain interoperability and build a bridge across networks, which is needed but lacking, as most L2 solutions focus on a single chain. We're also leveraging ZK proofs, which is still a rare stack for L2 at the moment but has several crucial advantages over the op stack in terms of security and withdrawal time. Alongside, we're building L2 solutions for non-EVM compatible chains, to expand the efficiency and bring advanced capabilities to, for example,

Starting point is 00:04:43 Bitcoin and Solana as well. Ashant Pandey. Given the evolving regulatory landscape surrounding cryptocurrencies and blockchain technology, how do you navigate compliance challenges, particularly concerning multi-chain interoperability and transaction security? Eva Wisher. Fair question, considering some of the latest high-profile cases. Well, the regulatory landscape is quite uncertain for now and ever-changing. We stand on the core values of user security and transparency and always take into account possible shifts in the compliance framework. We work closely with other industry leaders to ensure we're always up-to-date on the latest regulatory advancements.

Starting point is 00:05:22 It's in our best interest to be flexible and meet the challenges posed by the dynamic regulatory environment we face now. It's a necessity for long-term growth. Nishan Pondi. Web3 represents a paradigm shift towards decentralized, peer-to-peer networks. What opportunities do you see for Web3 in revolutionizing various industries, and what role do you believe you can play in shaping that future? Eva Wisher. Every year, we witness the further integration of blockchain capabilities into the broader landscape. Take DEPIN, ETFs, the RWA sector, the rise of mass crypto adoption as a daily financial instrument, and countless industries that had no connection to Web3 before considering implementing blockchain. The possibilities of the technology are limitless. As for PROM, our primary mission is to simplify the way crypto users interact with an advanced decentralized world. We're doing that by offering

Starting point is 00:06:15 cheaper and faster transactions and connecting users to numerous networks with our tech stack. All these initiatives move wider adoption further, step by step, and we're thrilled to see what's next, contribute to this growth, and give a platform for aspiring Web3 products to build and scale. 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. And thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Iva Wisher on PROM's Mission to Revolutionize Blockchain Interoperability

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