Stargate Finance

Polyhedra Network

LayerZero

Security

Flare

<ul> 
 <li>Polyhedra’s zkBridge enhances Flare’s security and facilitates cross-chain value transfer using zk-proofs.</li> 
 <li>Flare’s integration with Stargate Finance allows seamless liquidity flow across 25+ blockchains.</li> 
</ul> 
In a tweet, Polyhedra has <a href="https://twitter.com/PolyhedraZK/status/1828853274524397728">announced</a> a new relationship with Flare Networks with the goal of improving cross-chain security through zk-proofs. This partnership will involve the integration of Flare and Polyhedra’s zkBridge DVN. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Polyhedra is teaming up with <a href="https://twitter.com/FlareNetworks?ref_src=twsrc%5Etfw">@FlareNetworks</a> to boost cross-chain security using zk-proofs! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/vq8dvAfygg">https://t.co/vq8dvAfygg</a> 
 — Polyhedra Network (@PolyhedraZK) <a href="https://twitter.com/PolyhedraZK/status/1828853274524397728?ref_src=twsrc%5Etfw">August 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="enhances-flare-cross-chain-validation-with-zksnarks">Enhances Flare Cross-Chain Validation with zkSNARKs</h2> 
According to Hugo Philion, co-founder of Flare, the integration of Polyhedra’s zkBridge adds another layer of security to LayerZero’s interoperability protocol. He stated: 
<blockquote>
 “The integration is a sign of the growing support for Flare from cross-chain protocols and demonstrates the value of ZK technology in making it easier for value to flow freely between networks.”
</blockquote> 
Polyhedra’s zkBridge uses zkSNARKs to securely send and validate block headers and consensus across several blockchains. It employs a two-tier recursive proof architecture, which allows for faster proof creation while lowering the costs associated with on-chain proof verification. 
Specifically, Polyhedra’s zkLightClient technology greatly decreases on-chain verification costs and latency by efficiently batching numerous transaction verifications into a single proof. This solution enables on-chain light clients to have the source chain’s validator set to confirm events on their chain and send them to the destination chain. 
For example, decentralized applications (dapps) on <a style="color: #008000;" href="https://www.crypto-news-flash.com/flare-network-ftso-upgrade-faster-data-feeds-and-new-rewards/">Flare</a> can use zkBridge to access data from other networks, allowing for the development of robust cross-chain financial applications for decentralized finance (DeFi), such as trading, perpetual contracts, prediction markets, and others. 
Furthermore, Polyhedra’s zkBridge integration improves the LayerZero communications protocol’s security while easing the flow of data and assets to Flare, which has achieved remarkable total value locked (TVL). 
Beside that, we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/flare-and-stargate-unite-enhanced-liquidity-and-defi/">reported</a> that Flare previously integrated Stargate Finance, enabling seamless liquidity transfer across more than 25 blockchains. 
Meanwhile, Flare’s native token, <a style="color: #008000;" href="https://www.crypto-news-flash.com/flare-ripples-partner-soars-44-in-just-seven-days-records-in-sight/">FLR</a>, has dropped 1.17% over the last 24 hours, trading at $0.01602. This dip is following the current correction in the major cryptocurrency market.

Polyhedra and Flare Team Up to Boost Cross-Chain Security

Table of Contents

Crypto News Flash

Other articles published on Aug 31, 2024

Investors Should Skip These Cryptocurrencies

Solana Memecoin Pepe vs SEC (PEPESEC) Will Rally Over 16,000% Before First Exchange Listing, As D...

Justin Sun Announces Plans to Burn 100% of SUN Token Revenue

Cosmos Price Struggles Near 52-Week Lows: But Here’s a Catch

How Much Ethereum Does ETH Creator Vitalik Buterin Own?

Elon Musk’s U.S. Debt Warning: What It Means for Bitcoin

Join our free newsletter for daily crypto updates!