Cross-Chain Transactions

Enhancing Cross-Chain Applications with Flare and Polyhedra's zkBridge

Wednesday. August 28 at 5:30 PM

1 min. read

The Polyhedra community has recently approved the integration of Flare with Polyhedra's zkBridge DVN, enabling Flare developers to create secure cross-chain applications using LayerZero. This integration leverages ZK proofs to ensure cryptographic guarantees, making zkBridge a trustless and efficient cross-chain interoperability protocol. With support for over 30 layer-1 and layer-2 networks, zkBridge has verified millions of cross-chain transactions using zkSNARKs. The addition of Polyhedra's zkBridge enhances the security of LayerZero's interoperability protocol, facilitating the seamless flow of value between networks. Flare, known for its data-intensive use cases, is set to benefit from zkBridge's capabilities in creating powerful cross-chain financial applications for DeFi. The integration signifies growing support for Flare and the value of ZK technology in enabling decentralized data acquisition and asset flow across networks.

More news 🗞️

Trending Altcoins Experience Price Surges Due to Exchange Listings

Saturday. December 7 at 11:00 AM

Today, December 6, saw a surge in the prices of top trending altcoins, possibly due to surprise exchange listings. Among the top three trending altcoins - Across Protocol (ACX), Bertram The Pomeranian (BERT), and Orca (ORCA) - ACX experienced a significant price increase after being listed on Binance. The price of ACX rose from $0.61 to $1.45 before settling at $1.21. Technical indicators suggest a bullish momentum for ACX, with a potential rise to $2. On the other hand, BERT, a meme coin on Solana, saw a 16% price drop, but remains popular. ORCA, also listed on Binance, surged by 90% to $7.16. Market conditions are volatile, and caution is advised when making financial decisions.

Cross-Chain Transactions

Elevating Memecoins: Pepeto's Path to Success

Tuesday. December 3 at 9:00 PM

Pepeto, a memecoin project, has successfully raised over $1 million in its presale phase, garnering significant interest from the cryptocurrency community. Beyond being just a memecoin, Pepeto aims to revolutionize the memecoin sector by introducing a bridge and exchange platform to enhance liquidity, accessibility, and collaboration among tokens. With plans to embrace all next-generation memecoins in the upcoming 2025 bull run, Pepeto is establishing itself as a pivotal project in the crypto space. The recent upgrade to its website indicates preparations for the launch of PepetoSwap technology, attracting early adopters and offering a glimpse into the evolving memecoin landscape. With its unique narrative, innovative tools, and growing community, Pepeto is poised for success in the market, with further developments on the horizon.

Cross-Chain Transactions

Namada Launches Mainnet for Shielded Cross-Chain Transactions

Tuesday. December 3 at 8:00 PM

Namada, based in Zug, Switzerland, has officially released its genesis block, signaling the launch of its mainnet. The mainnet rollout includes staking and governance, marking the initial phase of Namada's decentralized network. Namada aims to safeguard user data during on-chain activities and cross-chain transactions through its Multi-Asset Shielded Pool (MASP). This innovative feature allows users to shield data related to any asset, facilitating secure interactions across various blockchain networks. Users also have the option of selectively disclosing transaction data. The launch, supported by the Anoma Foundation, emphasizes user control over sensitive data and aims to enhance adoption in the crypto space. Namada's community-driven genesis process ensures transparency and decentralization, with plans to expand support for IBC-based assets and other ecosystems in the future.

Cross-Chain Transactions

Advancements in Brazil's CBDC Technology

Wednesday. November 20 at 9:30 AM

The Central Bank of Brazil (BCB) is progressing its central bank digital currency (CBDC) framework initiative through a collaboration with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink. This partnership aims to enhance trade finance solutions in the second phase of Brazil’s DREX pilot program by automating cross-border settlements for commodity transactions using blockchain technology and oracles. Leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the test will enable seamless interactions between Brazil’s DREX platform and foreign central banks. The initiative involves tokenizing an Electronic Bill of Lading (eBOL) and integrating supply chain data to automate payments, ensuring exporters are paid at various shipping stages. The pilot showcases how blockchain-based trade finance facilitates Delivery versus Payment (DvP) and Payment versus Payment (PvP) mechanisms to enhance efficiency, security, and transparency in the global supply chain, particularly in agricultural commodities. The collaboration also explores payment and delivery systems for trade finance and carbon credits amid global tokenization shifts, with stablecoins aiding Latin Americans in hedging against currency devaluation.

Cross-Chain Transactions