As a seasoned crypto investor with a keen eye for promising projects, I find myself intrigued by Brevis and its recent funding announcement. With a background in blockchain development and a deep understanding of the challenges faced by DApps, I appreciate the potential of this verifiable computing platform.
The verifiable computing initiative, Brevis, recently concluded its seed funding round, which was spearheaded by Polychain Capital and Binance Labs.
As per the announcement made on November 11th, the investment round has attracted participation from entities such as IOSG, Nomad Capital, Bankless Ventures, Hashkey, along with several angel investors. A representative from Polychain commented on this.
Brevis is blazing a trail with an innovative method for verifiable off-chain computations, offering unparalleled scalability and functionality for blockchain projects. The team’s groundbreaking application of Zero-Knowledge Proofs allows for intricate, data-driven computation within smart contracts without trust issues. We are confident that Brevis’s vision will revolutionize the possibilities for developers in the blockchain space, paving the way for a surge of sophisticated decentralized applications.
Brevis is working on creating a reliable computing platform that aims to provide unlimited scalability to current blockchains without splitting their state or liquidity. This system allows decentralized applications (DApps) to move computation off-chain, while preserving their trustless and verifiable qualities at an affordable price.
Brevis’ system also assures affordability by implementing zero-knowledge proofs for its computations, making them verifiable. This allows on-chain smart contracts to validate these proofs, enabling Decentralized Applications (DApps) to perform off-chain computations without sacrificing their security or trustworthiness.
Creators of the protocol introduced a device called a zero-knowledge coprocessor, which enables smart contracts to retrieve and execute various computations on past blockchain data such as transactions, events, and states. Their software development kit facilitates the swift deployment of data-centric and computationally demanding DApps, even for those who don’t need a deep understanding of zero-knowledge cryptography. Binance Labs Investment Director, Andy Chang, commented on this:
In the present state of smart contracts, their computational abilities are quite basic, and they have restricted data access. However, Brevis’ decision to build a novel asynchronous architecture extends the functionality of blockchains, all without introducing any extra trust.
Brevis currently boasts a few initial launch partners such as Kwenta, JoJo Exchange, and Trusta. Additionally, there are other partnerships with PancakeSwap, Usual Money, Gamma, Quickswap, Tokemak, Algebra, Thena, 0G, and Hemera — each of these projects utilizing the innovative verifiable computation platform.
Read More
- AI16Z PREDICTION. AI16Z cryptocurrency
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- POL PREDICTION. POL cryptocurrency
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- ‘Kraven the Hunter & ‘Madame Web’ Box Office Disaster Blamed on Media Scrutiny
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce
- Crypto x AI makes up just 1% of crypto market cap, says analyst
- Springfield man is convicted for using crypto to finance ISIS operations
2024-11-11 21:06