Maker

Secure

Karak

Time

Puffer

Karak is tapping into Space and Time as its zero-knowledge coprocessor solution to power the trustless slashing and rewards for its Distributed Secure services.
In an <a href="https://blog.karak.network/sxt/" target="_blank" rel="noopener noreferrer nofollow">announcement</a>, the multi-chain restaking platform stated that Space and Time’s integration will provide a crucial security layer for decentralized services within the ecosystem. Karak, built on Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), is a layer-2 project that looks to bolster user protection via universal security.
<h2 class="wp-block-heading" id="a-zk-proofs-solution-for-dsss">A ZK proofs solution for DSSs</h2>
Space and Time is a decentralized data warehouse that functions as a verifiable compute layer for blockchain and artificial intelligence applications. The platform offers a zero-knowledge (ZK) proofs solution that scales, which is essential for smart contracts, large language models, and enterprises.
Karak will utilize this technology for its DSS, which uses restaked assets to ensure security for various providers, including data availability marketplaces and zero-knowledge coprocessors. Space and Time’s fast on-chain proofs enable developers to quickly build and deploy DSSs.
Additionally, Space and Time is developing its own distributed secure service on Karak, aimed at enhancing the platform’s ZK-compatible indexing solution. This will allow the Space and Time community to run indexing nodes.
You might also like: <a href="https://crypto.news/space-and-time-debuts-sub-second-zk-prover/" rel="noopener noreferrer nofollow"> Space and Time debuts sub-second ZK prover </a>
<h2 class="wp-block-heading" id="coinbase-and-pantera-capital-back-karak">Coinbase and Pantera Capital back Karak</h2>
Karak, which recently raised $48 million in a Series A round at a $1 billion valuation, is backed by Coinbase and Pantera Capital. The funds will be used to accelerate the development of Karak’s universal security layer for Ethereum and the broader crypto community. Karak aims to create a universal restaking layer that integrates the global crypto economy, including every asset and blockchain network.
“Many assets have lower opportunity costs versus ETH, meaning the Distributed Secure Service (DSS) has an easier and much more viable path to sustainable yields. In an ETH-only environment, a DSS has to compete against every ETH yield opportunity with a new, novel risk profile,” Karak <a href="https://x.com/Karak_Network/status/1777370883927253260" target="_blank" rel="noopener noreferrer nofollow">wrote</a> on X.
Karak’s partners in the restaking ecosystem include Swell, ether.fi, Renzo, Kelp and Puffer Finance.
Wormhole was the first DSS on Karak, while the platform recently expanded its solution to offer native staking for Maker (MKR).
Read more: <a href="https://crypto.news/liquidity-restaking-tokens-market-up-8300-amid-demand-for-user-friendly-instruments/" rel="noopener noreferrer nofollow"> Liquidity restaking tokens market up 8,300% amid demand for ‘user-friendly instruments </a>

Karak integrates Space and Time to power trustless rewards

Table of Contents

crypto.news

Other articles published on Jul 31, 2024

ADA & Three Other Crypto Faces Delisting On Binance, Brace For Market Impact

Changing the Game with Breakthrough Blockchain Projects of the Upcoming Crypto Presale

Why BlackRock is holding back on Solana ETF

What is Provenance, and why we need it?

Protected: Test Post

Can Shiba Inu Have an Alternative? P2E Meme Coin Shiba Shootout Raises $700,000 Rapidly

Join our free newsletter for daily crypto updates!