Bittime - Crypto enthusiasts and Web3 interoperability and privacy advocates, there's good news for you! The long-awaited airdrop from Polyhedra Network is now live on their official website. This is your chance to claim free ZK tokens and become part of the next generation Web3 infrastructure.
Polyhedra Network is revolutionizing the blockchain industry with their advanced Zero-knowledge proof (ZKP) technology. They build highly efficient, low-trust interoperability solutions for asset transfer, messaging, and data sharing between Web 2.0 and Web3 systems.
With a focus on scalability and privacy, Polyhedra Network paves the way to a blockchain without limitations.
What is a Polyhedra Network (ZK)?
Polyhedra Network (ZK) is a platform that leverages Zero-knowledge proof (ZKP) technology to drive interoperability, scalability, and privacy in Web3.
The network's mission is to bridge the gap between blockchain networks, protocols, and existing systems, thereby enabling seamless communication and collaboration across Web3.
Polyhedra is backed by big names such as Binance Labs, Polychain, OKEx Ventures, Hashkey, UOB, Foresight Ventures, and others. They have also collaborated with well-known crypto players such as Animoca Brands, BNB Chain, Arbitrum, Celo, and many more.
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How Polyhedra Network (ZK) Works
Polyhedra Network operates using advanced ZKP technology. ZKP is a technology that allows one party to prove to another party that they know some information, without disclosing that information in detail. ZKP is the backbone for Polyhedra's suite of services, namely:
1. zkBridge
Polyhedra Network's most important product is zkBridge, an innovative solution for achieving efficient, trustless cross-chain interoperability.
Traditional cross-chain solutions often rely on trust, making them vulnerable to security threats. zkBridge addresses this by using ZKP to verify consensus between different blockchains without requiring external trust.
zkBridge supports a wide range of applications, from token bridging to computational logic across blockchains. Through zkBridge, Polyhedra facilitates asset transfer, messaging, and data sharing between various blockchain networks seamlessly.
2. Distributed Proof Generation Network
To improve the performance of their ZKP system, Polyhedra Network introduced a Distributed Proof Generation Network. The network combines cutting-edge technologies such as deVirgo and paraPlonk to speed up proof generation and reduce on-chain verification costs.
deVirgo is a new distributed proof system that optimizes parallelism and minimizes communication overhead. Thanks to deVirgo, zkBridge can work up to 100 times faster than traditional methods.
Additionally, paraPlonk improves scalability by enabling distributed proof generation at scale, paving the way for decentralized zkRollup and zkEVM solutions.
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3. zkDID
In an effort to bridge Web3 and the wider internet, Polyhedra Network introduces zkDID - a scalable and interoperable decentralized identity solution. Built on the principles of soul-bound tokens (SBT) and verifiable credentials, zkDID aims to bring billions of internet users to Web3 infrastructure and applications.
With zkDID, users have control over their personal information, thanks to the hidden address mechanism supported by ZKP. This infrastructure not only supports millions of verifiable credentials per second, but also ensures compatibility with W3C standards and multiple data types.
That was an explanation of Polyhedra Network (ZK). So, how do you take part in the ZK token airdrop and claim your tokens? Follow the tutorial below.
How to Participate in the ZK Token Airdrop Program
- Visit Polyhedra Network's official Airdrop claim page: Polyhedra Network Airdrop: https://polyhedrazk.vercel.app/
- Connect your crypto wallet to the platform. This is to verify your eligibility to take part in the airdrop.
- Happy! You are entitled to take part in the airdrop if you are a zkBridge user, Pandra King holder, or zkBridge Loyalty Points holder on Galxe.
- Check whether you are eligible. Eligible user's photo taken on March 12, 2024.
- Do not miss this opportunity! Eligible users have until April 19, 2024 to claim their tokens. Get free ZK tokens now!
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Polyhedra Network's vision is to create a seamless, integrated Web3 ecosystem. By participating in the airdrop, you not only have the opportunity to get tokens, but also contribute to the growth and development of this innovative project.
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Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Polyhedra Network (ZK) Available on Bitget Launchpool
Polyhedra Network: Bringing ZK Technology to Developing Web3
Crypto News: KuCoin Lists Polyhedra (ZK), Unlocks Increased Computing Power
Crypto News: OKX Lists ZK Token from Polyhedra Network on Perpetual Futures Market
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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