ZPrize is awarding over $7 million to advance zero-knowledge on Web3 with partnerships from 21 leading blockchain and Web3 companies.

Manta has partnered with a coalition of 21 leading blockchain and web3 technology companies, foundations and funds to promote the advancement of zero-knowledge technology. The competition will see teams compete for rewards by designing new algorithms and techniques that achieve performance metrics unmatched by the best zero-knowledge systems deployed in the blockchain industry today.

Manta Network has partnered with the Polkadot Pioneer Challenge to solve Multiscalar Multiplication (MSM) and Number Theoretical Transformation (NTT) operations, which are essential building blocks for ZK calculations. The award will focus on maximizing throughput/minimizing latency of these operations on client-like devices and blockchain-based virtual machines, specifically the WebAssembly runtime (WASM).

We chose to be the architect and sponsors of the open division because we really care about the performance of WASM ZKP. We view WASM ZKP performance as the “last mile problem” for ZKP mass adoption. In order to achieve mass adoption of ZKP and privacy, we need to achieve the integration of ZKP prover with the popular wallet, and improving the performance of WASM prover is the way to go.

– Shumo Chu, co-founder and main contributor of Manta Network.

According to Manta’s internal benchmark, WASM gives users a 10-15x performance penalty compared to native speed. To make the user experience smooth, we have developed Manta-Signer, however, we see this as a temporary solution, as our end goal is to get rid of the signer and let our users choose any wallet they want and create a more transparent solution. user experience.

“The ZPrize sponsors represent not just an industry, but a united community of believers in this technology. We share a collective desire to turn these exciting academic ideas into a deployed reality. With the ZPrize, we are advancing the state of the art to form the bricks of the technological base that will evolve and secure the next generation Web.

– Alex Pruden, COO of Aleo and founder of the ZPrize initiative.

The importance of innovation in the ZKP space cannot be underestimated and this could be the breakthrough technology of this century. The prize amount is 750K and the winners of the competition must open their challenge solutions so that the whole community can access them and benefit fully. The future possibilities this will open up for the entire ecosystem are vast. All of these efforts would not be possible without the collaboration of the many projects that have come together to launch this. The hope is that we will see this time as a pivotal time in ZK development and the start of the great leap forward for decentralized protocols and applications to enable secure, interoperable, and scalable applications.

About ZPrize

ZPrize is inspired by XPRIZE and other similar competitions and aims to use private funds to accelerate the advancement of zero-knowledge proof technology essential to extend blockchain functionality to fit many different business cases. common use. ZPrize sponsors include, in alphabetical order, 0xPARC, Aleo, Algorand, Anoma, Aztec Protocol, Celo, CoreWeave, DZK, Espresso Systems, Ethereum Foundation, Findora, Harmony One, Kora, Manta Network, Mina Protocol, Polkadot Pioneers Prize , Polychain Capital, Polygon, RISC0, Trapdoor Tech, Zero Knowledge Validator. More information can be found at https://www.zprize.io/.

About the Polkadot Pioneer Award

The Polkadot Pioneer Challenge was designed to solve some of the biggest challenges Polkadot and Web3 face. Polkadot has on-chain treasury managed by network token holders through Polkadot’s on-chain governance system. Currently containing over 20 million DOT tokens, the treasury is designed to fund projects that benefit the Polkadot ecosystem. Treasury Polkadot represents a whole new paradigm, where decentralized networks have the financial agency previously limited to centralized organizations. If you want to see the on-chain bounty proposition that brought the trailblazer prize to life, you can do so here.

About the Manta Network

Manta Network is committed to building a better Web3 world through privacy protection. Manta’s product design starts from first principles and provides end-to-end privacy protection for blockchain users through state-of-the-art cryptography architectures such as zkSNARK. While ensuring privacy, Manta offers interoperability, convenience, high performance and auditability, allowing users to perform private transfers and transactions between any parallel chain of assets. Manta’s vision is to provide more convenient privacy services for the entire blockchain world.

Twitter | Discord | Telegram | Git Hub | LinkedIn | Website

About The Author

Related Posts