Polyhedra Network’s launch of ECC will greatly complement the Expander ZK Proof ecosystem.
Polyhedra Network (ZK), a fast-growing web3 project focused on exponentially increasing computational power and cross-platform interoperability through zero-knowledge (ZK) systems, has announced the launch of new tools to complete its ecosystem. . On Friday morning, Polyhedra Network announced the release of its open source Expander Compiler Collection (ECC).
According to the announcement, ECC allows users to seamlessly convert gnark circuits into an efficient layered format, allowing web3 developers to build securely interoperable applications.
“ECC, aligned to the GKR protocol, natively transforms code into layered circuitry, ensuring fast and effective proof generation,” said the Polyhedra Network team.
The Polyhedra Network team highlighted that the ECC tool was made possible through the Consensys gnark project. Additionally, the Ethereum ecosystem is the leading DeFi ecosystem with over $64 billion in total value locked (TVL) that can easily interoperate with other chains.
🎉 ECC’s compatibility with existing circuit languages is a significant leap forward. Join Expander as we push cryptographic proof into the future. Join us on this groundbreaking journey. Join the ZK innovation through Polyhedra Network (ZKJ)!
— Polyhedra Network (@PolyhedraZK) May 31, 2024
Market Impact on Polyhedral Networks
According to the latest cryptocurrency data provided by Coinmarketcap, Polyhedra Network (ZK) has a market cap of around $72 million and an average 24-hour trading volume of around $28 million. This small altcoin boasts over 254,000 holders according to on-chain data, with the top 10 addresses controlling over 92% of the total supply of ZK.
The launch of the Expander Compiler Collection will play a key role in mass adoption of ZK tokens and other products on Polyhedra Network. Polyhedra Network’s notable projects include Proof Cloud, zkBridge service, and Gaming.
Earlier this month, Polyhedra Network announced the launch of an open source zero-knowledge proof (ZKP) called Expander.
In particular, the Expander project can demonstrate a performance of 4,500 Keccak-f per second, making it compatible with the Apple M3 max system.
“Expander’s performance opens up the possibility of creating many ZK applications compatible with Ethereum,” the Polyhedra team noted.
bigger picture
The development of multichain infrastructure has greatly facilitated web3 projects and mass adoption of digital assets. As Coinspeaker previously noted, Polyhedra Network is poised to expand its multichain infrastructure development after securing $20 million at a $1 billion valuation.
Notably, Polyhedra Network is backed by reputable web3 investors such as Binance Labs, Animoca Brands, Polychain Capital, Mapleblock Capital, Emirates Consortium, UoB Ventures, OKX Ventures, and Hashkey Capital.
As a result, Polyhedra Network supports over 25 blockchains and has partnerships with over 80 ecosystem partners. According to the company’s official website, Polyhedra’s zkBridge has safely delivered more than 20 million messages.
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