Polyhedra Network: Building the world's largest Bitcoin interoperability ecosystem based on zkBridge

2024-01-20 21:54

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Source: Polyhedra Network

Foreword

Polyhedra is the world's leading ZK interoperability infrastructure, with zkBridge being the largest zk cross-chain bridge in the multi-chain ecosystem. Polyhedra has collaborated with 17 key builders in the Bitcoin ecosystem, with the intention of building the world's largest Bitcoin interoperability ecosystem.

Bitcoin, as the original blockchain technology, is constantly evolving. Since the emergence of the Ordinals protocol, its ecosystem has been rapidly expanding. In order to further strengthen the Bitcoin ecosystem, the market urgently needs a solution to achieve seamless interoperability between Bitcoin and its layer 2 networks, as well as interoperability between the Bitcoin ecosystem and other blockchain ecosystems such as Ethereum.

In order to address this interoperability requirement, Polyhedra Network has launched a Bitcoin cross-chain messaging protocol based on zkBridge. This innovative solution expands the functionality of Bitcoin, enabling seamless interoperability with various blockchain networks, including various layer one and layer two blockchain networks.

The zkBridge interoperability protocol designed and implemented by Polyhedra Network is a trustless and efficient cross-chain solution based on zero-knowledge proof technology. This is not only applicable to the internal Bitcoin ecosystem, but also to the interoperability between Bitcoin and other blockchain networks.

Based on zkBridge, a Bitcoin cross-chain message transmission protocol

As the first trustless interoperability protocol between Bitcoin, Ethereum, and other networks, we are working with developers to apply our technology to various infrastructure, layer 2 networks, wallets, DeFi protocols, and tools in the Bitcoin ecosystem. Our zkBridge interoperability protocol will help the Bitcoin ecosystem reach more crypto users securely and efficiently. Assets will no longer be limited to the Bitcoin network or a single other blockchain network. Developers can focus on building projects without worrying about connecting Bitcoin to other chains. We simplify the complexity around wallets and accounts, allowing developers to focus on providing excellent user experiences. zkBridge achieves secure and efficient cross-chain interoperability based on zero-knowledge proof technology, without relying on trust in any third party.

Through zkBridge, the Bitcoin network can now securely transmit its current and historical data to over 20 blockchain networks, including Bitcoin Layer 2, Ethereum, and Ethereum Layer 2. Our protocol is also compatible with emerging assets in the Bitcoin network, such as Ordinals, BRC-20, and Atomicals, and enables smart contracts on other blockchain networks (such as Ethereum and Bitcoin Layer 2) to access Bitcoin data and protocols without trust and perform various computational logic, all secured by zero-knowledge proof technology.

In addition, when we want to securely send messages or transfer assets from another blockchain to Bitcoin, we need to overcome the problem of Bitcoin's lack of smart contracts. Our solution introduces a proof-of-stake mechanism, where validators can stake tokens on the sending chain, thereby being authorized to write data on the Bitcoin network, ensuring secure cross-chain transactions. We further enhance the security of the system through integration with infrastructure such as EigenLayer and Babylon, and by introducing a cleverly constructed confiscation mechanism to enhance the security of the cryptographic economy.

Building the largest Bitcoin interoperable ecosystem based on zkBridge

Currently, the encryption industry is in the early stages of developing and expanding the Bitcoin ecosystem. We are pleased to be able to support the builders of the Bitcoin ecosystem by building an efficient and secure Bitcoin interoperability protocol through zkBridge.

We have collaborated with key builders within the Bitcoin ecosystem, covering infrastructure, wallets, Bitcoin layer 2, DeFi, and tools. We are excited to introduce the largest Bitcoin interoperable ecosystem built on zkBridge.

Below, we will introduce the first batch of partners in our Bitcoin ecosystem:

OKX Wallet: A one-stop Web3 entry point for the Bitcoin ecosystem.

zkBridge has integrated with OKX Wallet to jointly build and enhance the interoperability and innovation capabilities of the entire Bitcoin ecosystem.

UniSat Wallet: An open-source Chrome browser extension for Bitcoin Ordinals and BRC-20 assets.

UniSat is collaborating with us to explore cross-chain assets such as BTC, BRC-20, and Ordinals NFT through zkBridge, and empowering the Bitcoin ecosystem with zero-knowledge proofs and multi-party secure computing technologies.

EigenLayer: A platform aimed at providing strong support for the launch of decentralized networks through Ethereum staking and validation nodes.

By integrating with EigenLayer, our zkBridge Bitcoin messaging protocol will be able to leverage the strong cryptographic economic security provided by Ethereum to achieve secure interoperability between the Bitcoin and Ethereum communities.

Babylon: Unlocking 21 million Bitcoins to ensure the security of decentralized economy.

Our zkBridge is deeply integrated with Babylon's Bitcoin collateral, which will bring trustless scalability and interoperability to the entire Web3 industry, further ensuring the security of the Bitcoin ecosystem.

Syscoin: The foundational platform for PoDA, the industry's best data availability solution, and one of the few infrastructures running on the Bitcoin network based on merged mining.

zkBridge integrates with Syscoin's Bitcoin merge-mining system, allowing for better security of Bitcoin to be adopted in the Bitcoin ecosystem through the merge-mining mechanism.

Bitmap: Building a Second-Layer Network to Unlock the Potential of Native Bitcoin Assets.

By integrating zkBridge, Merlin Chain of Bitmap will make native assets more accessible than ever before. This Bitcoin layer 2 network aims to unlock the potential of native Bitcoin assets.