Horizen Labs, the development studio behind the modular Horizen Network, today launched “zkVerify” – a new modular blockchain focused on zk proof verification, specifically designed for settlement optimization.
zkVerify addresses the largest expense that zkRollups and zkApps currently face.
Key Takeaways:
- Ethereum and Bitcoin L2s struggle with high proof verification costs, especially with zk-rollup architectures, which limit scalability and efficiency.
- zkVerify is the most efficient zk modular solution for the settlement layer, separating proof verification from settlement on L1s, reducing security costs and enhancing scalability for blockchain networks.
- zkVerify can cut proof verification costs by up to 91% for Ethereum and Bitcoin L2s, which could have saved zkrollups over $42.8 million in 2023 alone.
Leading zkrollups such as Gevulot, Caldera, and Gateway are among the early adopters to benefit from zkVerify for proof verification.
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