Breaking news, folks! Arbitrum and zkVerify have joined forces in a match made in blockchain heaven. Zero-knowledge proof verification just got a whole lot faster and cheaper for developers 🚀💰.
Thanks to zkVerify’s integration, proof verification on Arbitrum (ARB) will see a whopping 91% reduction in costs. Yes, you read that right! Crypto.news has the exclusive scoop 🕵️♂️.
Zero-knowledge proofs were once a costly and sluggish affair, but not anymore. With zkVerify taking the load, developers and users can expect lightning-fast verification and lower expenses 💡💸.
Decentralized finance users can now prove their creditworthiness with ease and minimal fees. DAOs can verify votes in hours instead of days 🗳️⏰. Nina Rong, head of partnerships at Arbitrum Foundation, is thrilled with the integration and its potential for advanced privacy solutions 🎉🔒.
“This advancement showcases the ability of Arbitrum’s infrastructure to enable sophisticated zero-knowledge applications while maintaining exceptional cost-effectiveness and performance.”
Nina Rong
Testnet Only, But Mainnet Is Coming 🚧🚀
Rob Viglione, co-founder and CEO of Horizen Labs, the brains behind zkVerify, believes this partnership is a game-changer for both platforms 🤝🔥. Arbitrum developers can now create more complex apps without sacrificing speed or cost.
Currently, the solution is live on Arbitrum’s testnet, with plans for a mainnet launch in Q2 📅🔄.
Arbitrum’s ecosystem is expanding rapidly, with active addresses surging by 77% to 2.43 million 📈👥. Transactions have jumped by 35%, and fees have soared by 182% to over $1 million 💸📈.
This growth could signal a bullish breakout for Arbitrum, with a potential price increase of 76% to $1.2470. But watch out, a dip below the support level at $0.4626 could spoil the party 🎉🚫.
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2025-01-30 16:37