Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Saturday, June 21
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » ZPrize Awards $4.4M To Foster Zero-knowledge Proofs
News

ZPrize Awards $4.4M To Foster Zero-knowledge Proofs

Zero-knowledge cryptography has the potential to revolutionize the way we interact with the world.
Arun ShakyawarBy Arun ShakyawarDecember 8, 2022Updated:December 9, 2022No Comments3 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
ZPrize Awards $4.4M To Foster Zero-knowledge Proofs
ZPrize Awards $4.4M To Foster Zero-knowledge Proofs
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

ZPrize today announced the winners of the inaugural ZPrize competition giving away total prize of $4.415 million. zkSync emerged as the winner of one of the 8 categories and a total of 32 participants.

According to the organizers, the inaugural ZPrize competition enhanced the baseline ZK technology algorithm and demonstrated the value of cross-industry collaboration in accelerating the future of the technology.

Why does it matter?

  • Zero-knowledge cryptography has the potential to revolutionize the way we interact with the world. Imagine secure, cookie-free private browsing across the internet where you and you alone decide who gets your data and when.
  • Or swift and secure digital payments via your mobile phone that don’t leave a trail of breadcrumbs back to you for advertisements you don’t want.
  • This is a future where your important information is never stored on a server, shared with advertisers, or most importantly hacked for someone else’s benefit; in this reality, you choose what to share and what not to share, not the other way around.

ZPrize Competition

In March 2022, Aleo, the leading ZKP protocol, launched the ZPrize competition, an industry-wide initiative to promote ZK hardware development and hyper-charge the deployment of zero-knowledge proofs (ZKPs).

The idea of a hardware-based ZK competition was first conceived at ETHDenver in 2022 by a group of expert technologists and cryptographers, led by Aleo CEO Alex Pruden.

The goals of the ZPrize competition include: 

  • Improve Baseline Performance of Key General Algorithms
  • Increase Diversity and Availability of Low-Level Libraries for Cryptographic Proofs
  • Increase Awareness of the Groundbreaking Potential of Zero-Knowledge Crypto

From these goals emerged a competition with two overarching divisions, Open and Team. 

  • The Open category would come to consist of seven main categories for public goods with benefit to multiple protocols/proof systems. 
  • The Team category would consist of five categories defined by the individual teams specific to a given protocol/proof-system. 

Most importantly, every submission regardless of category would be open-sourced at the end of the competition, pushing forward the industry and technology as a whole. 

Alex Pruden, CEO of Aleo, said:

“While software-based zero-knowledge cryptography has advanced significantly over the past several years, hardware acceleration still has a lot of room for improvement. We are already seeing important improvements in hardware performance because of the competition’s embracing of community and openness.”

“In order to provide the foundation for a more developed ZK infrastructure, it is essential to create an ecosystem that encourages innovation,” Alex added.  

As an open-source endeavor, ZPrize brought together traditional hardware behemoths like, AMD and CoreWeave with investment groups like Samsung Next, and web3 projects such as Mina Protocol, Polygon, Manta Network, Anoma, and Aleo.

Competition At a Glance:

Here’s a quick rundown of what happened during the 2022 ZPrize competition. 

Total Improvement Across Categories: 2,536.26%

Submissions: 32

Total Prize Money Awarded: $4,415,000

The 2022 Annual ZPrize winners in each category include, zkSync & Yrrid Software (tied for first place), Gregor Mitscha-Baude, Manta Network & Jump Crypto, ConsenSys, Snarkify, Euler’s Smile, and ZPrize (Baseline).

More details on the challenges, architects, and winners, the comprehensive results of the inaugural ZPrize is available here. 

Read Also: Alex Pruden Appointed As New CEO Of Aleo

Zero Knowledge Proof zkSync ZPrize
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Arun Shakyawar
  • Website
  • X (Twitter)
  • LinkedIn

Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

More AlexaBlockchain

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

June 19, 2025

The RARI Foundation Just Proved NFTs Are Evolving—Not Fading

June 18, 2025

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

June 17, 2025

Tristan Thompson Joins AxonDAO as Board Member and Partner

June 17, 2025

Human Passport Brings Privacy-First Sybil Resistance to Base

June 13, 2025

SynFutures Launches Builder Program to Expand Modular DeFi Ecosystem

June 11, 2025
Add A Comment

Comments are closed.

Don't Miss

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

The RARI Foundation Just Proved NFTs Are Evolving—Not Fading

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

Tristan Thompson Joins AxonDAO as Board Member and Partner

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.