Boundless has launched the decentralized zero-knowledge (ZK) Compute Marketplace powered by Risc Zero (which calls the ‘mainstet beta’) based on Coinbase, Ethereum Layer-2 Network from Coinbase.
With Boundless’ stimulated test network, developers can build applications and test applications in an environment as if the protocol is in fully live layout. The network has already landed early support for heavyweights in the industry, such as the Ethereum Foundation, Wormhole and Eigenlaer.
A decentralized marketplace for zero-knowledge compute connects those who need zero knowledge certificates-such as developers who build rollups, bridges or privacy-retaining applications-with a distributed network of independent “ZK games or miners” that generate and verify those evidence. Instead of trusting centralized parties, this model enables everyone with the right hardware to contribute compensation and to be rewarded for doing that cryptographic work.
SHOT knowledge (ZK) technology enables parties to prove that a transaction is valid without sensitive details such as identities or amounts. ZK certificates are generally considered crucial for the next generation of privacy and scale -oriented blockchain projects.
The network is based on proof of the consensus mechanism of verifiable work (POVW). “POVW is an open evidence market where ZK miners, such as institutions and people with powerful GPUs, are rewarded for the successful verification of evidence,” the team wrote in a press release shared with Coindesk. “In contrast to the traditional work of work, miners are rewarded for verification within a ZK -virtual machine, which guarantees efficiency, fairness and security.”
Moreover, those who will participate in the stimulated test network will be able to earn early allocations of the coming token of the network, $ ZKC, with an AirDrop event that is planned later this year. Rewards are distributed on the basis of the volume, speed and complexity of generated evidence.
The team also shared that the real mainnet of the network is planned for the third quarter of 2025, with the token then also live.
“Boundless makes BlockChains more scalable by allowing safe, cross-chain computing without repeating the same tasks. This increases efficiency, reinforces security and lets developers and miners participate in different ecosystems,” said Shiv Shankar, the CEO of Boundless, in the press release.
Read more: Blockchain Capital leads $ 40 million round for Crypto firm Risc Zero