Two top cryptocurrency exchange platforms have added support for the newly launched zero-knowledge (ZK) proof altcoin.
In a new
Binance, the world’s largest cryptocurrency exchange by trading volume, also announced that it has added support for digital assets.
BREV, the native token of the Brevis blockchain project, is used for staking, proof of payment, and decentralized governance.
The Brevis altcoin project aims to improve blockchain utility by providing streamlined off-chain processing using ZK proofs. ZK proofs can be used to verify transactions or other data on the network without revealing the underlying information.
According to the project website:
“Brevis is a smart ZK coprocessor that enables smart contracts to read full historical on-chain data, such as states, transactions, and events on Ethereum and other chains, decode it with developer-specified logic, and execute customizable computations in a completely trustless manner.
Blockchain can offload computational tasks to Brevis for fast and cheap computation. Brevis then generates a ZK proof for the calculation results. This can be seamlessly verified on-chain and provides a data-driven user experience for decentralized applications (dApps).”
Brevis raised $7.5 million in a seed round from renowned VCs such as Polychain Capital, YZi Labs (formerly Binance Labs), HashKey Capital, IOSG Ventures, and Bankless Ventures.
Built on the Base and BNB Chain blockchains, Brevis is the 418th largest cryptocurrency project with a market capitalization of $110.1 million.
BREV is trading at $0.44 at the time of this writing.
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