Near Foundation and Polygon Labs Partner to Build Zero-Knowledge ‘Prover’ for WASM Chains

Near Foundation and Polygon Labs precocious announced that they would physique “a zero-knowledge (ZK) prover for WASM blockchains.” For WASM chains utilizing the zkWASM prover, settling transactions volition beryllium much businesslike and cost-effective with maximum information guarantees.

Transaction Settling More Efficient and Cost-Effective

Near Foundation, the enactment supporting the improvement of the NEAR ecosystem, has partnered with Polygon Labs to “build a zero-knowledge (ZK) prover for Webassembly (WASM) blockchains oregon zkWASM for short.” According to a associated property release, the 2 entities’ zkWASM prover, which is acceptable to beryllium launched successful 2024, is positioned “to pb the marketplace among different wasm provers.”

For WASM chains utilizing this prover, the settling of transactions volition beryllium much businesslike and cost-effective with maximum information guarantees. Commenting connected Polygon Labs’ determination to spouse with Near Foundation, co-founder Sandeep Nailwal said:

“We are arrogant to collaborate with NEAR connected this breathtaking probe inaugural to further thrust the improvement and adoption of ZK technology. The zkWASM prover maximizes developer customizability, which means projects volition beryllium capable to prime from a fig of provers erstwhile gathering with CDK, whether that’s launching oregon migrating an EVM [Ethereum Virtual Machine] chain, oregon gathering a WASM concatenation for person Ethereum alignment and entree to liquidity.”

Bringing Zero-Knowledge Proofs to Web3

As explained successful the property release, the availability of a zkWASM prover means NEAR validators volition importantly simplify validator requirements which successful crook leads to “better scalability and accrued decentralization for the NEAR Protocol.”

Illia Polosukhin, a co-founder astatine NEAR Protocol, said her enactment is thrilled to collaborate with Polygon Labs and is hopeful this volition bring the advantages of zero-knowledge proofs to Web3.

Through the zkWASM prover, the NEAR Protocol is brought person to Ethereum which successful crook makes it imaginable for WASM networks to entree liquidity. Eventually, chains volition besides person entree to shared liquidity successful a azygous ecosystem of Cloud Development Kit (CDK)-deployed chains done “an in-development interoperability layer.”

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