With the continuous development of blockchain technology, the demand for an effective and secure Web3 ecosystem is increasing. Orochi Network, a pioneering project in this field, is building a leading platform with a Verifiable Data Infrastructure (VDI). What are the unique features of Orochi Network? Let's explore the pioneering project in the field of Verifiable Data Infrastructure through the following article!
What is Orochi Network? A pioneering project developing Verifiable Data Infrastructure
What is Orochi Network?
Orochi Network is a pioneering Verifiable Data Infrastructure platform, utilizing Zero-Knowledge Proofs (ZKP) technology to ensure data security, transparency, and verifiability in Web3. The Orochi Network ecosystem includes core products such as zkDatabase, Orocle, Orand, and zkMemory.
Orochi Network's homepage
Aiming to address the challenges of data integrity, availability, and interoperability in Web3, Orochi Network is continuously expanding its partner ecosystem and community. By combining advanced technology with a sustainable development mindset, Orochi Network is working towards a secure, scalable, and user-friendly Web3 future.
Unique features of the Orochi Network project
The standout feature of Orochi Network is that it is a pioneering project in building a Verifiable Data Infrastructure (VDI), using Zero-Knowledge Proofs (ZKP) to secure, scale, and ensure data integrity in Web3. This is the world's first VDI system, allowing the conversion of real-world data into verifiable data, enabling smart contracts to verify data without a third party, significantly reducing security risks.
Diverse ecosystem of Orochi Network products
Additionally, this platform integrates advanced technologies such as ZK-data-rollups, Verifiable Data Pipeline, and Hybrid aBFT Consensus, providing superior transparency and security. Orochi Network also supports multiple ZKP systems like Plonky3, Halo2, Nova, allowing developers more flexibility in deploying the technology. Notably, its blockchain-agnostic capability enables applications to interact and operate across multiple blockchains.
Orochi Network's products
zkDatabase
zkDatabase is a decentralized database using Zero-Knowledge Proofs (ZKP) to protect data without intermediaries. The strength of zkDatabase is that it allows anyone to verify data off-chain, helping to prevent forgery and manipulation.
zkDatabase
Additionally, it supports ZK-data-rollups, enabling low-cost data storage and processing that is compatible with any blockchain. At the same time, zkDatabase protects privacy by verifying data without revealing the original information, opening up applications in areas like DeFi, insurance, gaming, and ZK-based machine learning.
With zkDatabase, data is not only secure but also quickly verifiable, helping to create a more transparent and efficient Web3 foundation.
zkMemory
zkMemory is a memory prover module in the Zero-Knowledge Proofs (ZKP) system, ensuring the integrity and security of memory data when executing zkVM (Zero-Knowledge Virtual Machines) programs.
zkMemory
zkMemory addresses the complex memory handling issues in the zkVM environment, helping to optimize performance and reduce computational costs. It can be flexibly integrated into any zkVM architecture and supports various proof systems like zk-SNARK and zk-STARK.
Orocle
Orocle is a decentralized oracle system using Zero-Knowledge Proofs (ZKP) to provide verifiable off-chain data for blockchain smart contracts.
Orocle
Unlike traditional oracles, where data can be manipulated by centralized parties, Orocle collects and verifies data in a transparent and trustless manner. It uses a decentralized node network to ensure the accuracy, security, and verifiability of the data. Orocle helps Web3 applications like DeFi, GameFi, and decentralized markets access real-world data while maintaining security and decentralization. It also supports multiple blockchains, enabling interoperability and scalability across the entire Web3 ecosystem.
Orand
Orand is a decentralized, verifiable random number generation system based on Distributed Verifiable Random Function (DVRF). The goal of Orand is to provide a secure and tamper-proof source of randomness for blockchain applications, ensuring fairness and transparency.
Orand
Unlike traditional systems, where random number generation can be manipulated, Orand uses Elliptic Curve Verifiable Random Function (ECVRF) to prevent any possibility of control or prediction of the random outcome.
Orand is particularly useful for DeFi, GameFi, lotteries, auctions, and other systems that require a random element. Users can choose to provide their own random numbers or rely on Orand to generate them as needed.
Detailed information about the ON token
Currently, Orochi Network has not yet disclosed the full details of the ON token's tokenomics, but has provided some expected use cases for this token:
- Resource payment: Used to pay for the use of resources within the Orochi Network.
- Proof creation and verification: Incentivizes the creation and verification of proofs within the ecosystem.
- Verifiable computation payment: Used to pay for verifiable computation.
- Validation rewards: Rewards for participants in data and transaction validation.
- Ecosystem incentivization: Incentivizes the development and participation in the ecosystem.
- Storage Settlement: Used to pay for data storage.
Orochi Network Project Development Roadmap
Currently, Orochi Network has not officially announced information about the project's development roadmap. Coin68 will update immediately if there is detailed information.
Orochi Network Development Team
- Chiro (CEO/CTO & Founder): Over 6 years of experience in the blockchain field, 10 years of experience in the field of cryptology and security. Previously, he was a solution architect at HexTrust.
- Khuong (Director of Science): PhD in Mathematics, specialized in cryptology, blockchain and applied machine learning.
- Mary (Head of Growth & Co-founder): Former country manager of Binance, previously managed the localization operations of OKX.
- Chloe Pham (CMO): Holds an MBA from RMIT, specialized in marketing automation and business analytics in the cryptocurrency market.
- Claire Dang (Head of Business Development): 6 years of experience in the cryptocurrency market, previously served as Head of Growth at Myconstant, Kucoin and Coinstore.
- Harry Tran (CFO): 12 years of experience in finance and data, previously served as Finance Director at ASUS, UNIBEN and O-I BJC.
Investors in Orochi Network
Currently, detailed information about the investors in Orochi Network has not been fully disclosed. However, the project has received financial support from reputable organizations in the blockchain industry, including the Ethereum Foundation, Web3 Foundation, Mina Protocol, Kyros Ventures and many other investment funds.
Orochi Network Ecosystem
In addition, the project has also established strategic partnerships with many major players such as Ancient8, Aethir, BNB Chain, X Layer, CoreDAO, StarryNift and bitsCrunch to help strengthen the power and potential of this ecosystem.
Summary
Through the overview of Orochi Network presented in this article, Coin68 hopes that readers will have a basic understanding of the project. Wish you all success!
Note: The information in this article is not to be considered investment advice, Coin68 is not responsible for any of your investment decisions.
