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Horizen Labs launches zkVerify: the most efficient modular blockchain for ZK proof verification
Horizen Labs is proud to announce the official launch of zkVerify, a dedicated zero-knowledge proof verification network designed for settlement optimization.
The launch of zkVerify comes at a critical time when blockchain networks are increasingly looking for efficient and scalable solutions to meet the needs of high transaction volumes and complex operations.
In recent years, web3 developers have adopted modular solutions to optimize the core functions of blockchain protocols (execution, consensus, data availability and settlement) as individual functions. Modular architectures offer a more efficient alternative to monolithic chains, which combine these features into a single protocol. zkVerify is uniquely designed as the most efficient ZK modular solution for the settlement layer that reduces security costs by decoupling proof verification from settlement on L1.
Horizen Labs estimates that $47 million was spent on proof-of-concept for zk rollups on Ethereum alone in 2023, and industry studies predict that zk-proof generation will become a A $10 billion market by 2030. zkVerify removes the cost and complexity of compute-intensive proof verification for developers building with zk-rollup, providing a fundamental unlock for scaling and adopting decentralized applications. Initially, zkVerify can be used to verify proofs for Ethereum and Bitcoin L2 with a 91% cost reduction and will quickly expand to support more blockchain architectures. As zk-rollups continue to be adopted as critical scaling infrastructure, zkVerify is introducing a new proof verification standard for zk-rollups of any type on any settlement level.
Key Features of zkVerify
- Fast modular process: It allows blockchain networks to offload the computationally heavy and expensive process of proof verification, allowing them to focus on their primary functionality and stay ahead of the competition.
- Verification of the cost-effective test: It reduces the cost of proof verification by up to 91%, a change that could have saved ZK Rollups over $42.8 million in 2023 alone.
- Simplified and easy integration: It integrates seamlessly with existing blockchain ecosystems and multiple SNARK proof-of-concept schemes, minimizing technical costs with a developer-friendly environment.
“The zkVerify platform not only aims to reduce costs, but enables innovation and scalability in a way that was not possible before,” said Rob Viglione, co-founder and CEO of Horizen Labs, “by offloading proof verification, we enable developers to optimize settlement through a modular approach, unlocking more resources and value for both developers and users.”
zkVerify is live on Testnet
Designed for seamless integration with existing blockchain networks, zkVerify minimizes technical costs and provides an intuitive environment for developers to verify proof across a wide range of zk-rollups and settlement levels. Made by Horizen Labs, the development studio behind the EVM-compatible Horizen network, zkVerify can also be used by builders within the Horizen ecosystem. Major zk and web3 projects such as Gevulot, Caldera and Gateway.fm will be some of the first networks to use zkVerify for evidence verification.
zkVerify is now live on testnet and can be accessed via https://zkVerify.io. Web3 developers are invited to explore how zkVerify can improve their operations and help scale their projects.
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 elevating blockchain technology to unprecedented levels of efficiency. By focusing on the development of next-generation modular architectures, Horizen Labs is setting new standards in performance, security and cost efficiency. Horizen Labs is trusted by industry giants such as Yuga Labs, Animoca Brands, and Offchain Labs. Furthermore, it is the development company commissioned 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 City.
For more information, users can visit https://horizenlabs.io.
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