Home Blockchain NEAR Foundation and Polygon Labs Collaborate to Revolutionize Blockchain Technology

NEAR Foundation and Polygon Labs Collaborate to Revolutionize Blockchain Technology


In a groundbreaking partnership, the NEAR Foundation and Polygon Labs have unveiled their collaborative effort to create zkWASM, a zero-knowledge prover for Web Assembly (WASM) blockchains. This game-changing initiative, announced on November 8, 2023, aims to bridge the divide between WASM-based chains and the Ethereum ecosystem, promising to revolutionize the world of blockchain technology.

The zkWASM project is set to be a trailblazer in the blockchain space, unlocking new possibilities for WASM-based networks. Originally designed as a binary instruction format for web browsers, WASM has evolved to become a versatile compute engine for blockchain networks, offering an alternative to the Ethereum Virtual Machine (EVM). With zkWASM, this technology will seamlessly integrate into the Polygon ecosystem, marking Polygon’s first foray into this innovative landscape.

A Key Milestone: Integrating zkWASM into Polygon’s Chain Development Kit

A crucial aspect of this collaboration is the integration of zkWASM into Polygon’s Chain Development Kit (CDK). The CDK empowers developers with powerful tools to create tailor-made blockchain networks to suit their unique requirements. With zkWASM on board, developers will gain the ability to design WASM networks and incorporate them into the broader Polygon ecosystem, which includes the Ethereum mainnet itself.

Unlocking New Horizons for NEAR’s Integration with Ethereum

This partnership signifies a significant step for the NEAR Foundation in its journey to seamlessly integrate with the Ethereum network. Illia Polosukhin, co-founder of NEAR Protocol, highlighted this integration, saying, “NEAR is advancing its connection with Ethereum through pioneering research, and the combined expertise of NEAR and Polygon will expand the zero-knowledge landscape while improving liquidity across various chains.” This innovative approach is expected to enhance liquidity for users and overall network efficiency.

The zkWASM Prover: Transforming NEAR Validators

One of the most notable advantages of zkWASM is its transformative impact on NEAR validators. By utilizing the zero-knowledge proof method, zkWASM significantly reduces the computational overhead required to validate a shard. This reduction in computational demand is anticipated to lead to “better scalability and increased decentralization” for the NEAR network, as emphasized in the joint statement.

Simplifying the Complexity: zkWASM in Layman’s Terms

To understand the significance of zkWASM, let’s break it down in simple terms. Imagine the blockchain as a vast digital ledger, where every transaction is recorded and verified. These transactions are like pieces of a puzzle, and validators are responsible for putting this puzzle together.

With the zkWASM technology, validators now have a magic tool that allows them to confirm these puzzle pieces without revealing all the details. This magical tool is the zero-knowledge proof method. It’s like confirming a jigsaw puzzle without showing the whole picture. This not only saves time but also makes the blockchain more efficient and faster.

The Impact on Scalability and Decentralization

The reduction in computational work for validators has a ripple effect on the entire NEAR network. This translates to better scalability, meaning that more transactions can be processed in a shorter time. In other words, it’s like widening a highway, allowing more cars to travel smoothly. This is great news for users who can experience faster and cheaper transactions.

Additionally, zkWASM brings increased decentralization to the NEAR network. In the world of blockchain, decentralization is like a safety net. The more decentralized a network is, the harder it is for any single entity to control it. With zkWASM, NEAR becomes more resilient and secure, offering a better user experience.

A Win-Win Partnership: NEAR and Polygon Join Forces

The collaboration between NEAR Foundation and Polygon Labs is a win-win situation. NEAR brings its expertise in cutting-edge research and innovation to the table, while Polygon’s established ecosystem offers a seamless bridge to the Ethereum network.

Together, they are creating a new era of possibilities for blockchain technology. zkWASM is just the beginning. The combined talents of NEAR and Polygon Labs are set to redefine the blockchain landscape, making it more accessible, efficient, and user-friendly.

The Future of Blockchain

As we look to the future, it’s clear that zkWASM is a game-changer. It’s not just about technology; it’s about empowering people. Blockchain technology has the potential to revolutionize industries, from finance to healthcare, by providing a secure and efficient way to handle data and transactions.

With zkWASM, the world of blockchain becomes even more promising. It’s a step towards a future where blockchain is not just for experts but for everyone. It’s a future where transactions are faster, more affordable, and accessible to all. It’s a future where the power of blockchain is in the hands of the many, not the few.

In Conclusion

The partnership between NEAR Foundation and Polygon Labs, culminating in the development of zkWASM, is a significant leap forward in the world of blockchain technology. It promises to make blockchain more accessible, efficient, and secure, ultimately benefiting users and developers alike.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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