Blockchain Press Releases

NEAR Foundation and Polygon Labs join forces to build Zero-Knowledge Solution for WASM Chains

Published

3 weeks ago

November 8, 2023

near-foundation-and-polygon-labs-join-forces-to-build-zero-knowledge-solution-for-wasm-chains

Leading ZK researchers and WASM experts to develop a zero-knowledge prover for WASM blockchains available via Polygon CDK

The zkWASM collaboration leverages Polygon Labs’ groundbreaking zero-knowledge R&D with NEAR Foundation’s WASM expertise, positioning this ZK solution at the forefront of the Web3 market
zkWASM will eventually be one of three provers available for developers who choose to build with Polygon Chain Development Kit (CDK), an open source codebase for launching ZK-powered L2 chains for Ethereum
NEAR Foundation becomes a core contributor to Polygon CDK
This pioneering research initiative will pave the way for greater trustless interoperability across Web3, including between NEAR and the Ethereum ecosystem

LISBON, Portugal, Nov. 8, 2023 /PRNewswire/ —NEAR Foundation, the non-profit that supports the growth and development of the NEAR ecosystem, and Polygon Labs, a software development company for leading Ethereum Layer 2 scaling architecture, announce a strategic collaboration to build zkWASM, a zero-knowledge (ZK) prover for WASM blockchains. With Polygon Labs’ authority in ZK scaling technology and NEAR’s deep WASM runtime expertise, the zkWASM prover is positioned to lead the market among other wasm provers when it launches next year. Both teams shared the announcement today at the NEAR ecosystem’s annual flagship conference, NEARCON, in Lisbon.

This announcement brings together two leading protocol teams to build a more secure, interoperable Web3 ecosystem. A zkWASM prover positions NEAR Protocol closer to Ethereum and enables WASM chains to tap into Ethereum liquidity. In the future, through an in-development interoperability layer, chains will also be able to access shared liquidity in a unified ecosystem of CDK-deployed chains, including alternative layer-1s, EVM layer-2s, and WASM chains. Using a zkWASM prover, WASM chains will be able to settle transactions efficiently and cost-effectively with maximum security guarantees, unlocking the full potential of zero-knowledge for the multichain future of Web3.

“We are proud to collaborate with NEAR on this exciting research initiative to further drive the development and adoption of ZK technology. The zkWASM prover maximizes developer customizability, which means projects will be able to select from a number of provers when building with CDK, whether that’s launching or migrating an EVM chain, or building a WASM chain for closer Ethereum alignment and access to liquidity,” said Sandeep Nailwal, co-founder of Polygon.

A zkWASM prover will be an upgrade for NEAR validators–instead of the hard work of validating a shard, validators will instead be able to generate a single zero-knowledge proof, greatly simplifying validator requirements. This means better scalability and increased decentralization for the NEAR Protocol.

“We are very excited to work with Polygon Labs to bring all the benefits of zero-knowledge proofs not just to NEAR but all of Web3,” said Illia Polosukhin, co-founder of NEAR Protocol. “NEAR is integrating more with Ethereum by innovating in new research frontiers, and the shared expertise of NEAR and Polygon will expand the ZK landscape and defragment liquidity across chains. Creating and using the zkWASM prover will also improve the scalability and decentralization of the NEAR L1.”

The zkWASM prover is now in active development and is expected to launch next year.

About NEAR Foundation:

NEAR foundation is a Switzerland-based nonprofit foundation whose mission is to enable community driven innovation to benefit people around the world. One of its core areas of focus is the NEAR ecosystem, which includes a fully operational decentralized Blockchain-based platform for building decentralized applications.

NF carries out its mission, primarily through the allocation of support and resources to other nodes in the near ecosystem, rather than via direct intervention or operations.

Unlike many organizations of its type, NF’s ultimate goal is to minimize its own scope and footprint by continuing to divide functions and resources to the ecosystem; and support the development of decentralized infrastructure necessary for those ecosystem functions to operate in a self-sufficient manner. For more information visit the website.

About Polygon Labs:

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 220.8 million, over 1.18 million smart contracts created and 2.48 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading web3 in becoming carbon negative.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for dApps you develop, get started here.

CONTACT:
Georgia Hanias
[email protected]

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View original content:https://www.prnewswire.co.uk/news-releases/near-foundation-and-polygon-labs-join-forces-to-build-zero-knowledge-solution-for-wasm-chains-301978368.html

Blockchain Press Releases

Bitget To List Carbon Browser (CSIX) in Spot Market and Innovation Zone

Published

3 hours ago

December 2, 2023

CISION (PR Newswire)

VICTORIA, Seychelles, Dec. 1, 2023 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the listing of CSIX, the native token of Carbon Browser – one of the fastest WEB3 browsers. The WEB3 browser token CSIX will be listed on Innovation Zone and Web3 Zone to expand Bitget’s spot trading spectrum, offering its users access to emerging and community-driven digital assets.

Carbon Browser is an open-source, fast, private and secure Web3 browser developed by Carbon Browser X Labs. Launched in 2016 the product is developed on a customized version of Chromium, offering faster web browsing and better user security protection. Users can utilise their privacy-first features such as protection against ad-tracking, and higher performance with fast page loading, along with access to built-in crypto wallet and more. The browser has been designed to be user-friendly and accessible even to crypto beginners.

Carbon Browser is working on delivering an extensive WEB3 browser experience with integrated wallet, ability to store cryptocurrencies, swap and bridge functionalities. This includes Web3 applications such as crypto exchanges, NFT marketplaces, dApps, as well as Web2 applications such as ChatGPT.

“In the quest of providing easy access to high potential crypto ecosystems, we’re focused on listing projects with real-world use cases. In this era of intense computer usage, browsers that give better output and performance will accelerate web3’s adoption. With these types of listings, we provide a broader range of use cases for emerging tokens in Bitget’s ecosystem,” said Gracy Chen, Managing Director at Bitget.

Deposits for CSIX tokens are open now and trading in the spot market of the platform will be available from 11:00 December 4 (UTC). Upon listing, users can trade CSIX with 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. To buy trending and newly listed tokens such as CSIX users can use debit/credit cards, bank transfers and other multi-currency payment methods. For more information on trading CSIX, please visit the official announcement.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

View original content:https://www.prnewswire.co.uk/news-releases/bitget-to-list-carbon-browser-csix-in-spot-market-and-innovation-zone-302003790.html

Blockchain Press Releases

Institutions Have Doubled their Bitcoin Allocations this Year, New Bybit Report Shows

Published

21 hours ago

December 1, 2023

CISION (PR Newswire)

institutions-have-doubled-their-bitcoin-allocations-this-year,-new-bybit-report-shows

DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, has released new research offering analysis of how traders adapt their strategies in fluctuating market conditions. “Navigating Bull and Bear Markets — A Dive Into Asset Allocation,” uses Bybit’s proprietary data and is the first initiated by a crypto exchange.

The report provides a detailed examination of asset allocation strategies employed by different cohorts — institutions, VIPs, and retail traders — especially in the volatile market environment since December 2022.

Key findings include:

Institutional Investors: Predominantly holding 45% in stablecoins, 35% in Bitcoin, and 15% in Ether, institutions emphasize liquidity and strategic diversification. Notably, their Bitcoin holdings nearly doubled in the first three quarters of 2023.
Ether Trends: A decline in institutional interest in Ether has been noted, although upcoming market developments, like the rumored BlackRock spot Ether ETF, could shift the trend.
Retail Trader Behavior: Retail traders are observed to hold more stablecoins, suggesting a more cautious allocation to riskier assets compared to traditional finance norms.
Altcoin Investments: Both retail and VIP traders show higher altcoin holdings than institutional investors, although these remain a minor part of total portfolios, indicating caution, perhaps due to a hangover from the recent bear market.

“This report is a testament to Bybit’s commitment to empowering our users with actionable insights,” said Ben Zhou, co-founder and CEO. “Understanding how different market participants navigate the complexities of bull and bear markets is crucial. We believe this research will not only enlighten our traders but also contribute to the broader crypto community’s understanding of market dynamics.”

Read the full report here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Set Sail on a Crypto Voyage: Bybit Announces ByBUIDLERs Cruise Contest to Dubai in Partnership with Sea Summit

Published

23 hours ago

December 1, 2023

CISION (PR Newswire)

set-sail-on-a-crypto-voyage:-bybit-announces-bybuidlers-cruise-contest-to-dubai-in-partnership-with-sea-summit

DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is excited to announce the ByBUIDLERs Cruise Contest, an extraordinary opportunity for crypto enthusiasts in India. This contest offers a chance to win a luxurious 10-day cruise from Mumbai to Dubai, coupled with an exciting Sea Summit experience and a visit to Bybit’s Dubai office.

Introducing ByBUIDLERs

ByBUIDLERs is Bybit’s initiative that combines grassroots enthusiasm with the thrilling world of cryptocurrency. Designed for crypto aficionados, the program invites participants to engage with the community, create compelling content, and contribute to Bybit’s growth and outreach.

Participation Steps

Enlist as a ByBUIDLER: To join, provide your name, email, and social media profile link. Express in 100 words your excitement about becoming a ByBUIDLER via our Google form.
Take the Bybit 5th Anniversary Personality Quiz: Complete the personality quiz and share your results on social media, highlighting how your personality influences your crypto journey.
Participants must post their entries before December 6th, tagging @Bybit and @TheSeaSummit, using the hashtags #ByBUIDLERcruisetrip and #High5Bybit.

Rewards

The top five most creative ByBUIDLERs, judged by their engagement and creativity, will embark on the Sea Summit 10-day luxury cruise, setting sail from Mumbai to Dubai. The cruise is also a crypto summit where winners will meet leaders in crypto, participate in educational events, and attend themed party nights.

#Bybit / #TheCryptoArk

About Bybit

For media inquiries, please contact: [email protected]

For more information please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/set-sail-on-a-crypto-voyage-bybit-announces-bybuidlers-cruise-contest-to-dubai-in-partnership-with-sea-summit-302003138.html

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