Two top crypto exchange platforms just added support for a newly launched zero-knowledge (ZK) proof altcoin.
In a new X-post, the best US crypto exchange Coinbase say it enables trading of the crypto asset Brevis (BREV).
Binance, the largest crypto exchange in the world by volume, says yes added support for digital assets.
BREV, the native token of the Brevis blockchain project, is used for staking, proof payments and decentralized governance.
The Brevis altcoin project aims to improve the utility of blockchain by providing streamlined, off-chain processing using ZK proofs. ZK proofs can be used to verify transactions or other data on a network without revealing the underlying information.
Say the project website,
“Brevis is a smart ZK coprocessor that enables smart contracts to read the entire on-chain historical data, such as states, transactions and events, from Ethereum and other chains, decode it with developer-specified logic and perform customizable calculations in a completely reliable manner.
Blockchain can offload computing tasks to Brevis for fast and cheap calculations. Brevis then generates a ZK proof for the calculation results, which can be verified seamlessly along the chain, creating a data-driven user experience for decentralized applications (dApps).”
Brevis raised $7.5 million in a seed round from high-profile venture capital funds such as Polychain Capital, YZi Labs (formerly Binance Labs), HashKey Capital, IOSG Ventures and Bankless Ventures.
Brevis, built on the Base and BNB Chain blockchains, is the 418th largest crypto project with a market cap of $110.1 million.
BREV is trading at $0.44 at the time of writing.
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Generated image: Midjourney