Polyhedra Teams Up with Flare Networks to Boost Cross-Chain Security Using zk-proofs

In a tweet, Polyhedra has announced a new relationship with Flare Networks with the goal of improving cross-chain security through zk-proofs.

Decentralized technology firm Polyhedra has announced a new partnership with Flare Networks, aiming to bolster cross-chain security with zk-proof technology.

The collaboration will see the integration of Flare and Polyhedra’s zkBridge DVN (decentralized validation network).

Polyhedra announced the partnership in a tweet on Monday, sharing a Medium post that delves into the technical aspects of the integration.

According to the post, zkBridge will be used to securely send and validate block headers and consensus across multiple blockchains with the help of zkSNARKs (zero-knowledge succinct non-interactive arguments of knowledge).

The zkBridge architecture will utilize a two-tier recursive proof construction, enabling faster proof creation and reducing the costs associated with on-chain proof verification.

Specifically, Polyhedra’s zkLightClient technology will be employed to drastically reduce on-chain verification costs and latency by efficiently batching multiple transaction verifications into a single proof.

This solution will allow on-chain light clients to have the source chain’s validator set attest to events on their chain and send them to the destination chain.

For instance, decentralized applications (dapps) on Flare will be able to use zkBridge to access data from other networks, enabling the development of robust cross-chain financial applications for decentralized finance (DeFi), such as trading, perpetual contracts, prediction markets, and more.

Moreover, the integration of Polyhedra’s zkBridge will enhance the security of the LayerZero omnichain interoperability protocol, facilitating the seamless flow of data and assets to Flare, which has recently achieved an impressive total value locked (TVL).

As reported by cryptoSlate, Flare previously integrated Stargate Finance, enabling seamless liquidity transfer across more than 25 blockchains.

Meanwhile, according to cryptoSlate data, Flare’s native token, FLR, has dropped 1.17% over the last 24 hours, and is currently trading at $0.01602.

The dip comes amid a broader correction in the major cryptocurrency market.

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