NEW YORK, NY, June 28, 2024, Chainwire
Built on behalf of the ApeCoin DAO, ApeChain can now support zero-knowledge proof verification in an efficient and low-cost manner.
zkVerify, a modular protocol optimized for zero-knowledge proof verification developed by Horizen Labs, has been successfully integrated into ApeChain’s Jenkins Testnet and the highly anticipated Arbitrum Orbit Chain. This integration aims to significantly expand the types of Web3 games that can be efficiently launched on ApeChain with high performance. Developers building on ApeChain, which is optimized as a game-centric platform, can leverage zkVerify’s zero-knowledge proof verification technology to optimize transaction processing and reduce proof verification costs by over 90%. This can save millions of dollars in annual costs for projects built on ApeChain. This efficiency gain allows developers to leverage zkVerify to create more complex gaming experiences such as card games, fog games, and prediction market-based games. ApeChain was first announced in February 2024 by the ApeCoin DAO, a decentralized autonomous organization that underpins ApeCoin (APE). ApeCoin itself is an ERC-20 governance and utility token used within the APE ecosystem.
Powering up your Web3 game with zkVerify on ApeChain
Zero-knowledge proofs offer significant privacy, scalability, and security benefits for blockchain applications, but they are expensive and computationally intensive. This has been a major obstacle to widespread adoption of Web3 games and dApps that require fast, frequent transactions to provide a seamless user experience. zkVerify addresses these issues head-on by offloading the proof verification process from the main chain. This significantly reduces the computational burden on the blockchain, enabling faster, more cost-effective transactions.
“We are proud to power ApeChain with zkVerify’s technology,” said Rob Viglione, Co-Founder and CEO of Horizen Labs. “zkVerify will significantly reduce proof verification costs and support complex, high-transaction games, making ApeChain the premier destination for Web3 games. “This integration represents a significant step forward in providing efficient and scalable blockchain solutions for both developers and users.”
As a result of the integration, developers can now create innovative ZK-based games that leverage various types of proofs, including proofs that are traditionally difficult to verify on Ethereum. These advancements simplify the development process for ZK projects, making ZK more accessible to a wider range of developers. Additionally, implementing zkVerify as a substrate palette allows for a high level of customization, ensuring optimal performance and security for projects built on ApeChain.
Introduction to zkVerify
zkVerify is a modular blockchain dedicated to efficiently verifying zk proofs across a variety of blockchain stacks. This allows any layer 2 project and dApp developer leveraging zero knowledge to scale quickly and cost-effectively by drastically reducing the cost of proof verification without compromising network performance.
Designed for seamless integration with existing blockchain networks, zkVerify minimizes technical overhead and provides a developer-friendly environment. By streamlining the zk proof verification process and reducing the associated costs, zkVerify improves the performance of existing blockchain networks and delivers new capabilities within the broader Web3 ecosystem.
For more information, users can visit https://zkverify.io.
About Horizon Labs
Founded in 2019, Horizen Labs is a leading blockchain technology company specializing in zero-knowledge cryptography. Dedicated to scaling decentralized networks, Horizen Labs is taking blockchain technology to unprecedented levels of efficiency. By focusing on developing next-generation modular architectures, Horizen Labs is setting new standards for performance, security, and cost-effectiveness. Horizen Labs is trusted by industry giants such as Yuga Labs, Animoca Brands, and Offchain Labs. Horizen Labs is also the development firm hired by Ape DAO and Horizen DAO to develop leading projects such as ApeChain and Horizen. Horizen Labs is a globally distributed team with offices in Milan and New York.
For more information, see https://horizenlabs.io.
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