Cointime

Download App
iOS & Android

ABCDE: Why we invest in Polyhedra Network?

Validated Venture

PolyHedra Network is a ZK full-stack project, and its core team comes from the University of California, Berkeley, Tsinghua University, and Stanford University. They have developed two advanced ZKP protocols, deVirgo and paraPlonk, to achieve full-stack ZK interoperability and scalability.

Polyhedra Network has received a strategic round of investment totaling $10 million from top global VCs (as reported by Coindesk). ABCDE has also participated in investing in Polyhedra Network.

1. ZK scalability VS ZK interoperability

As we all know that the Internet, blockchain, and Metaverse all need to be interconnected, but today’s multi-chain world is full of isolated islands, and liquidity and data are becoming more and more fragmented. The current most cutting-edge ZK projects, including zkRollup and zkEVM mostly focus on scalability, and the interoperability of ZK is ignored. Therefore, compared with Starkware, zkSync and other projects that focus on ZK scalability, Polyhedra Network is a ZK full-stack player. It has designed and implemented the ZK-based interoperability system zkBridge, and its developed ZKP protocol can also improve the efficiency of existing zkRollup systems, balancing both ZK interoperability and ZK scalability.

In terms of ZK interoperability, PolyHedra Network implemented deVirgo, the industry’s top distributed ZK protocol, and used it to implement zkBridge and ZKDID, providing Web3 with a trustless and efficient interoperability infrastructure. Now the testnet of zkBridge is live, supporting cross-chain interoperability between various blockchain networks such asEthereum, BNB Chain, and Cosmos.

Virgo is a version of the GKR protocol based on error-correcting codes and hash functions. This is the same cryptographic assumption used by Starkware and Polygon Zero. It does not require a trusted setup, so regular users with laptops or mobile phones can become provers without the need to download a lot of data from the server (which is a limitation known by the industry). Virgo has been one of the fastest ZKP protocols, and both indusctry and academia knows that.

deVirgo is a Virgo-based efficient distributed zero-knowledge proof protocol. deVirgo has perfect linear scalability, which means that the proof generation time can be reduced by a factor of 𝑀 in a distributed computing network with M machines. Furthermore, the communication across the distributed computing network in deVirgo is kept to a minimum for the main body of computation, known as the GKR part in Virgo. Using deVirgo, zkBridge can be 100x faster than a single-thread Virgo prover, despite the fact that Virgo is already one of the most efficient ZKP protocols.

So what is the zkBridge and zkDID implemented through distributed Virgo?

1.1 zkBridge

Polyhedra Network has implemented the deVirgo protocol in engineering and has designed and implemented zkBridge based on deVirgo in engineering, providing trustless and efficient infrastructure for cross-chain interoperability in Web3. Polyhedra Network has launched the testnet of zkBridge, which supports cross-chain asset and data interoperability for various layer-1 and layer-2 blockchain systems including Ethereum, BNB Chain, Cosmos, Polygon, etc. For the integration with various Web3 applications such as Defi and GameFi, Polyhedra Network has implemented developer-friendly system APIs and SDKs to help them easily develop cross-chain and multi-chain applications.

For the blockchains with light client protocols, Polyhedra Network compiles light client protocols into zk-SNARK circuits and prove that the execution of the light client protocol is correct. The receiver chain side can verify the light client protocol execution with a small amount of work. By employing a modular architecture, zkBridge empowers a broad range of applications, such as token bridging/swapping, message passing, as well as computational logic that works with state changes from multiple blockchain networks.

1.2 zkDID

Polyhedra Network has launched the zkDID testnet, an extensible and interoperable DID solution based on SBT and using ZKP for verifiable credentials. The goal of zkDID is to support millions of verifiable credentials per second and help billions of users use Web3 infrastructure and applications. In addition, zkDID implements a privacy solution based on Vitalik's proposed stealth address using ZKP, In order for users to have fine-grained control over their personal information. The zkDID infrastructure is compatible with W3C standards and any verifiable credential data type, and it can achieve interoperability across various Web3 and Web2 systems based on zkBridge, significantly simplifying communication among stakeholders involved in Web3 DID systems.

2. zk scalability based on paraPlonk

In addition to ZK interoperability, Polyhedra Network has also designed and implemented paraPlonk. In experiments, paraPlonk is able to accelerate the existing zkRollup systems.

paraPlonk is a series of new-generation zero-knowledge proof protocols based on segregation-friendly and laconic proof techniques. The nodes in a cluster can work together to generate the proofs almost like participating in a mining pool, in that they only need to broadcast and communicate a very small amount of data for proof generation. The protocol is compatible with Plonk and is a generalized version of Plonk that lifts the communication overhead while retaining all the benefits of Plonk. So any proof system based on Plonk can migrate to paraPlonk with minimal modifications. The implementation of paraPlonk can also work with other proof systems like Marlin and Gemini. Marlin and Gemini are also co-invented by the Polyhedra network founding team member, and Marlin has already been used in Aleo.

3. ZK full-stack

Polyhedra Network’s vision is to become a zk full-stack project that truly combines zk interoperability and zk scalability, and uses zkBridge, zkDID, etc. to realize the interoperability of the Web2 and Web3 worlds.

On the infrastructure level, PolyHedra Network implements zkBridge with advanced zero-knowledge proof protocols and connects any two blockchains through zkBridge. paraPlonk provides acceleration for existing zk-Rollup and scalability for Layer-1 blockchains.

At the middleware and application layer, PolyHedra implements zkDID through interoperability technologies to realize the interconnection of the Web2 and Web3 worlds.

Just like the meaning of PolyHedra Network’s name, it will eventually become a zk full-stack almighty warrior with zk interoperability and zk scalability.

About ABCDE

ABCDE is a VC focused on leading investment in top Crypto Builders. It was co-founded by Huobi Cofounder Du Jun and former Internet and Crypto entrepreneur BMAN, who both have been in the Crypto industry for more than 10 years. The co-founders of ABCDE have built multi-billion dollar companies in the Crypto industry from the ground up. Because we are builders, we understand builders better. Moreover, we have built an end-to-end ecosystem for our builders, including listed companies(1611.HK), exchanges(Huobi), SAAS companies(ChainUP.com), media(CoinTime.com), and developers platforms(BeWater.xyz). If you are a Builder with the dream of changing the world, join us to build the next-generation encrypted network.

Twitter:https://twitter.com/ABCDECapital

WebSite:www.ABCDE.com

ZK
Comments

All Comments

Recommended for you

  • BTC Falls Below $76,000

    Market data shows that BTC has fallen below $76,000, currently priced at $75,990.02, with a 24-hour increase of 0.9%. The market is highly volatile, so please ensure proper risk management.

  • Iranian Military Spokesman: Control Over Strait of Hormuz Restored Due to U.S. 'Breach of Promises'

    On April 18, Iranian media reported that an Iranian military spokesman stated that control over the Strait of Hormuz has been restored to its previous state due to the U.S. 'repeatedly breaching promises.' The strait is currently under strict management and control by the Iranian armed forces. (Xinhua News Agency)

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,997.37, with a 24-hour increase of 2.68%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • Iranian Civil Aviation Organization Announces Partial Reopening of Airspace

    According to Iranian media reports on the 18th, the Iranian Civil Aviation Organization announced the reopening of part of Iran's airspace and several airports. (Xinhua)

  • Bitcoin ETF Sees $663.9 Million Net Inflow, Ethereum ETF Sees $127.4 Million Net Inflow

    On April 18, according to Farside Investors, the U.S. Bitcoin spot ETF saw a net inflow of $663.9 million yesterday, with IBIT net inflow at $284 million, FBTC net inflow at $163.4 million, and ARKB net inflow at $117.9 million. The Ethereum ETF recorded a net inflow of $127.4 million yesterday, marking the seventh consecutive day of net inflows, with ETHA net inflow at $30.8 million and FETH net inflow at $84.1 million.

  • Trump Hints at 'Good News' on Iran Issue

    On April 18, U.S. President Donald Trump stated that there is some 'pretty good news' regarding the Iran issue, but he declined to provide further details. 'We heard some pretty good news about 20 minutes ago, and it seems that progress related to Iran in the Middle East is going very smoothly,' Trump told reporters aboard Air Force One. When asked what the so-called good news was, Trump replied, 'You will hear it. I think it is something that should happen. It is a matter of course. And I believe it will happen. We will see, but I think it will happen.' (Jinshi)

  • Trump Suggests War Will Resume if No Agreement with Iran is Reached

    On April 18, President Trump told reporters aboard Air Force One that if an agreement with Iran is not reached by Wednesday, war will resume. When asked if he was prepared to extend the ceasefire agreement if no deal is made by the time the ceasefire expires on Wednesday, Trump replied, "Maybe I won't extend the ceasefire. But the blockade will continue. So, the blockade remains in place, and unfortunately, we will have to start dropping bombs again," Trump warned.

  • Chinese Ship Trapped in Strait of Hormuz Informs Crew to Prepare for Departure

    On April 18, according to Yicai, around 4 PM local time on the 17th, the Chinese ship trapped in the Strait of Hormuz has informed its crew to 'prepare for departure.' According to CCTV, on the afternoon of the 17th, Iranian Foreign Minister Amir-Abdollahian stated on social media that, based on the ceasefire agreement in Lebanon, all commercial vessels are allowed to pass through the Strait of Hormuz completely open during the remaining time of the ceasefire, following the coordinated routes announced by Iranian ports and maritime organizations.

  • DeepSeek Seeks Over $300 Million in First Round of External Funding

    According to The Information, DeepSeek is seeking over $300 million in its first round of external funding, with a valuation exceeding $10 billion.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,024.64, with a 24-hour increase of 5.63%. The market is highly volatile, so please ensure proper risk management.