WEB3
by BSCN
March 22, 2023
Celer’s new ZK platform Brevis enables any dApp to access data on any blockchain, and has a wide variety of potential applications.
Celer Network has built Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” that enables smart contracts to access and compute data from any blockchain.
“Brevis has a wide range of use cases like data-driven DeFi, zkBridges, on-chain user acquisition, zkDIDs, social account abstraction, and much more,” according to an announcement from Celer.
According to Celer, any off-chain products such as Dune Analytics and Graph provide off-chain data indexing or analytics; however, Decentralized Applications (dApps) generally have had no way to access blockchain data unless it is “via explicitly defined interfaces of other smart contracts,” on the same blockchain and in the most current state of the blockchain.
Oracles can offer solutions to this quandary but then require additional reliance on the oracles’ security. And while other on-chain solutions “are in theory possible,” they have not been feasible due to high computation costs, according to Celer.
Enter the emerging ZK technology, which dramatically reduces blockchain transaction costs and time.
“It is important to note that the key difference between Brevis and off-chain data indexing solutions such as Dune Analytics and Graph is that Brevis can generate zk-attested query results that can be directly utilized by the business logic of on-chain smart contracts in a trust-free way,” according to Celer. “Compared to off-chain solutions whose data results can only be used in the web2-based data analytic context.”
As an initial proof of concept for Brevis, Celer built ZK light client circuits for Ethereum, Cosmos and BNB Chain that enable any Ethereum Virtual Machine (EVM) or non-EVM chain to access the states of those three chains in a trust-free way, according to the announcement.
“Using these ZK light client circuits, we implemented a user-facing asset zkBridge between Ethereum Goeril and BNB Chain Testnet for users to try out,” Celer said.
Celer has gone deep into ZK technology, aspiring to build a “Pantheon of Zero Knowledge Proof” comprising “a universally recognized evaluation testbed that covers low-level circuit development frameworks, high-level zkVMs and compilers, and even hardware acceleration providers.”
For more information on Brevis, including on its modularized architecture and the results of its initial test, read Celer’s announcement and the Brevis whitepaper.
Celer Network is the leading inter-blockchain and cross-layer communication platform in the industry. The protocol offers fast, secure, and cheap bridging between multiple chains. The Celer ecosystem comprises three unique products: inter-chain Message Framework, cBridge, and Layer2.Finance.
Where to find Celer Network:
Latest News
0h : 51m ago
OKX Ventures, The Open Platform, and Folius Ventures Launch $10M Telegram Growth Hub
October 29, 2024
Is Bitcoin Set to Soar Even Higher?
October 29, 2024
DWF Labs Dismisses Partner Amid Drink-Spiking Allegations in Hong Kong
October 29, 2024
Visa and FV Bank Debut New Debit and Expense Cards, Bridging Crypto and Fiat Global Payments
October 29, 2024
Bitcoin Surges Past $71,000: What Could be the Possible Reasons?
October 29, 2024
Hong Kong Expands Tax Incentives to Include Virtual Assets, Targeting Institutional Investors
October 28, 2024
Dogecoin Surges Amid Musk and Trump Connections
October 28, 2024
Could Robinhood’s U.S.-Only Election Market Predict Results Better by Excluding Foreign Influence?