Subscribe to Our Newsletter
Thursday May 19, 2022
Bitcoin (BTC) $29,265.00   Ether (ETH) $1,946.21
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Vendor Technology

0x releases OpenZKP, an open-source zk-STARK implementation

Published by CryptoNinjas.net
10/08/2019
0x ZKP CryptoNinjas

0x, the decentralized exchange technology and infrastructure project, today announced OpenZKP, a fully open-source Rust implementation of zero-knowledge proofs (ZKPs).

The 0x team has built an easy-to-use, low-level interface that anyone can interact with, and it is the fastest prover with the smallest proofs available today.

Background

Last year, 0x teamed up with StarkWare to build a scalable DEX proof-of-concept called StarkDEX. Through the collaboration, the 0x team says it “grew more confident in the power of ZKPs for DEX scalability and performance.”

After the StarkDEX proof-of-concept was released this past spring, it was then decided to move forward independently to build a more generalized solution that aligned with 0x’s fundamental beliefs around open source and decentralization.

Open-Source

“Open-source development is core to 0x’s mission of creating a tokenized world where all value can flow freely. In order for blockchain networks to replace the legacy financial system, every layer of the stack needs to be open and transparent. An open-source ZKP implementation is a logical next step and is essential for these technologies to be broadly adopted.”
– The 0x Team

There are various benefits OpenZKP provides over closed-source approaches, including:

  • First, anyone can contribute to OpenZKP and build upon the work and others. Zero-knowledge proofs are an evolving technology with many talented individuals working on it. By releasing early and often, the community can learn from each other efficiently and collectively push forward.
  • Second, OpenZKP is audit-able. It is critical that anyone can look at the code for themselves and determine if there are security vulnerabilities.
  • Third, the open-source implementation provides continuity. The 0x team wants its protocol to function independently of the people who build it, and this can only happen if all source code is accessible.

STARKs

The STARK variety of ZKPs was used because it takes advantage of a few unique properties. Most importantly, STARKs have very fast provers for constraints with a lot of repetition, which is the main bottleneck in the 0x use-case.

The 0x team believes the cryptographic security is excellent, requires no trusted setup, and is secure against quantum computers. The math is also more simplistic than some alternatives, which eases the development of high-quality provers and verifiers. There is also active development in closely related systems such as Aurora.

The main downside is that it has a new constraint language, in which good tooling is not yet available. The other downside is that proofs are larger than some other systems, but at about 100KB they are still small.

The OpenZKP library is now usable and available on GitHub, also check out the docs and examples.

48
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto-friendly browser Opera brings Ethereum L2 to users adding Starkware-powered DEX

02/23/2022
Crypto-friendly browser Opera brings Ethereum L2 to users adding Starkware-powered DEX

Opera, the company behind the popular Opera web browser, today announced integration with DeversiFi, an  Ethereum layer-2 exchange powered by Starkware’s scaling solution — providing cheap and instant transactions within its mobile browser wallet....

Read more

0x Labs raises $15M to expand its decentralized exchange protocol

02/05/2021
0x Labs raises $15M to expand its decentralized exchange protocol

0x, a liquidity aggregator for crypto-asset exchange and DeFi applications, today announced that 0x Labs has raised $15M in Series A financing led by Pantera Capital with participation from Jump Capital, Nima Capital, Blockchain.com...

Read more

DEX liquidity protocol 0x launches API

01/28/2020
DEX liquidity protocol 0x launches API

0x, the decentralized exchange protocol that facilities peer-to-peer exchange of Ethereum-based assets, today launched the 0x API. The 0x API was designed to make it easy for DeFi developers to tap into both off-chain and...

Read more

LedgerDEX upgrades to V3 of 0x protocol

01/20/2020
LedgerDEX upgrades to V3 of 0x protocol

LedgerDEX, a crypto token manager and decentralized exchange (DEX) app built on top of 0x, announced today that to take advantage of the recent 0x V3 smart contract, it has now upgraded its platform....

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

05/12/2022
Asia cypto margin trading app MoonXBT integrates XanPool's fiat gateway

Asia crypto margin trading app MoonXBT integrates XanPool’s fiat gateway

05/12/2022
Hedera launchpad platform HederaStarter to launch its native token via IDO on May 19

Hedera launchpad platform HederaStarter to hold IDO May 19 to establish HSTART token

05/11/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
StoneX executes its first cash-settled bitcoin (BTC/USD) swap

StoneX executes its first cash-settled bitcoin (BTC/USD) swap

05/18/2022
Crypto tech platform Fireblocks unveils new 'Web3 Engine' with suite of developer tools

Crypto tech platform Fireblocks unveils new ‘Web3 Engine’ with suite of developer tools

05/17/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version