Arbitrum cooperates with Modular Layer-1 Network Zkverify to make zero-knowledge-resistant verification faster for blockchain developers.
Proof verification about Arbitrum (ARB) is about to become more efficient and cost-effective because Zkverify is integrated with the Layer-2 solution, which reduces the verification costs by 91%, can report crypto.news exclusively.
Zero-knowledge certificates allow users to verify information without exposing sensitive details, but they can be expensive and slow to process. By loading this task to Zkverify, arbitrum developers and users get faster verification and reduce costs.
For example, integration enables decentralized financial users to prove creditworthiness with lower costs, while Daos can verify voting “in hours instead of days”, is the press release. Nina Rong, head of partnerships at Arbitrum Foundation, says that the integration of Zkverify with Arbitrum shows how the technology can support advanced privacy solutions.
“This progress shows the ability of the infrastructure of arbitrum to enable advanced zero-keennist applications while maintaining exceptional cost-effectiveness and performance.”
Nina Rong
Only for the use of test network, for the time being
Rob Viglione, co-founder and CEO of Horizen Labs, the team behind Zkverify, called the partnership a “important step forward for both platforms”, and says that it enables arbitrum developers to create ‘more advanced applications while retaining the speed And cost benefits that make those that make arbitrum attractive. “
From the time, the solution is only live on the Arbitrum test network, planned for Q2 with a Mainstet launch, is the press release.
The partnership comes as the arbitrum ecosystem grows, which may make the sign for a bullish breakout. As Crypto.news reported earlier, the number of active addresses on the Arbitrum network has recently risen by 77% to 2.43 million, per data from Nansen. De Boost has risen by 35%, with reimbursements by 182% to more than $ 1 million.
With this increase in activity, Arbitrum has formed a falling wig pattern, with two converging trend lines approaching their confluence. This can indicate a potential rebound, so that the price pushes to $ 1,2470, the top of the cup and handle pattern, an increase of 76% compared to current levels. Measuring the depth of the cup suggests that the price could rise to $ 2.13. However, a drop below the support level at $ 0.4626 would make the bullish prospects invalid.