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Home » Polyhedra Integrates Flare to Strengthen DeFi Capabilities 

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Polyhedra Integrates Flare to Strengthen DeFi Capabilities 

Mercy Adeola
Last updated: 9 months ago
By Mercy Adeola
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Flare and Polyhedra Network’s zkBridge cross-chain interoperability protocol is now integrated. 

Polyhedra Integrates Flare to Strengthen DeFi Capabilities 
Polyhedra Integrates Flare to Strengthen DeFi Capabilities 

An announcement made on August 27 states that Flare, the blockchain for data platform, will benefit from developers having access to cross-chain security via zero-knowledge proofs thanks to Polyhedra’s integration.

The integration happened when the Polyhedra Network community approved a request to connect LayerZero’s decentralized validator network, zkBridge, to Flare.

Developers may now use ZK proofs technology to create and implement effective cross-chain apps with the release of zkBridge DVN on Flare.

The utilization of zero-knowledge technology, or zkSNARKs, by zkBridge for multi-chain relay, block header verification, and consensus is essential to interoperability.

A system that provides a two-layer recursive proof environment makes proof generation and verification quick and affordable.

On-chain verification of transactions from many blockchains into a single proof is made possible via batching. With zkBridge, decentralized apps running on Flare can now obtain data from other chains or networks. 

With this scenario, developers can create cross-chain decentralized apps (dApps) for DeFi, such as perps, trading, and prediction markets. Flare co-founder Hugo Philion stated: 

Polyhedra’s zkBridge adds an additional security layer to LayerZero’s interoperability protocol and will be welcomed by Flare developers and users alike. Its integration is a sign of the growing support for Flare from cross-chain protocols and demonstrates the value of ZK technology in making it easier for value to flow freely between networks.”

Flare’s smart contract platform covers use cases in machine learning, artificial intelligence, gaming, social finance, RWAs, and tokenization.

Bitcoin can interface with other blockchains to leverage the advantages of DeFi thanks to Flare’s Assets.

TAGGED:defiFlarePolyhedra
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