New York, NY, June 28, 2024, Chainwire
ApeChain, which is being built on behalf of ApeCoin DAO, will now be able to support efficient and low-cost zero-knowledge proof verificationzkVerify, a modular protocol optimized for zero-knowledge proof verification developed by Horizen Labs, has been successfully integrated in ApeChain's Jenkins Testnet. , the highly anticipated Arbitrum Orbit Chain. This integration aims to significantly expand the types of Web3 games that can be launched efficiently on ApeChain with high performance. Developers using ApeChain, optimized as a gaming platform, will be able to leverage zkVerify's zero-knowledge proof verification technology to optimize transaction processing and reduce proof verification costs by more than 90%, potentially saving millions. in annual expenses for projects created on ApeChain. . This efficiency gain will allow developers to leverage zkVerify to create more complex gaming experiences, such as card games, fog of war games, and market-based prediction games. ApeChain was first announced by ApeCoin DAO, the decentralized autonomous organization behind ApeCoin (APE), in February 2024. ApeCoin itself is an ERC-20 utility and governance token used within the APE ecosystem.
Improving Web3 gaming with zkVerify on ApeChain
While zero-knowledge proofs offer important benefits for privacy, scalability, and security in blockchain applications, they are expensive and computationally intensive. This has been a major obstacle to the widespread adoption of Web3 games and dApps, which require fast and frequent transactions to provide seamless user experiences. zkVerify addresses these issues head-on by offloading the proof verification process from the main chain. By doing so, it significantly reduces the computational load of the blockchain, allowing for faster and more cost-effective transactions.
Rob Viglione, co-founder and CEO of Horizen Labs, said: “We are proud to enhance ApeChain powered by zkVerify. By significantly reducing proof verification costs and supporting complex, transaction-intensive games through zkVerify, we are making “ApeChain a leading destination company for Web3 games. This integration marks an important step forward in delivering 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 utilize various types of proof certifications, including those that are traditionally difficult to verify on . This advancement simplifies the development process for ZK projects, making it more accessible to a wider range of developers. Furthermore, the implementation of zkVerify as Substrate palettes allows for high customization, ensuring optimal performance and security for projects built on ApeChain.
About zkVerify
zkVerify is a modular blockchain dedicated to efficiently verifying zk proofs across a variety of blockchain stacks. It enables any Layer 2 project and dApp developer using zero-knowledge to scale quickly and cost-effectively by dramatically reducing proof verification costs without compromising network performance.
Designed for seamless integration with existing blockchain networks, zkVerify minimizes technical costs and offers a developer-friendly environment. By simplifying the zk proof verification process and reducing associated costs, zkVerify improves the performance of existing blockchain networks and unlocks new capabilities within the broader Web3 ecosystem.
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About Horizen Laboratories
Founded in 2019, Horizen Labs is a leading blockchain technology company specializing in zero-knowledge cryptography. Dedicated to scaling decentralized networks, Horizen Labs is elevating 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 contracted development company for 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 City.
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ContactSenior Public Relations Managerjose adamsserotonin[email protected]
This article was originally published on Chainwire.
