Horizen Labs launches zkVerify | Alexa Blockchain

Horizen Labs, the development studio behind the modular Horizen Network, today launched “zkVerify,” a new modular blockchain specifically designed for payment optimization with a focus on zk proof verification.

zkVerify addresses the biggest costs zkRollups and zkApps currently face.

Key Takeaways:

• Ethereum and Bitcoin L2 suffer from high proof verification costs, especially for zk-rollup architectures, which limits scalability and efficiency.
• zkVerify is the most efficient zk modular solution for the payment layer that decouples proof verification from L1 payments, reducing security costs and improving scalability of blockchain networks.
• zkVerify can reduce proof verification costs for Ethereum and Bitcoin L2 by up to 91%, saving zkrollups over $42.8 million in 2023 alone.

Leading zkrollup companies like Gevulot, Caldera, and Gateway are among the early adopters benefiting from zkVerify for attestation verification.

Read: Secure and Fundamental Collaboration to Drive Smart Account Adoption on Ethereum