Recently, I noticed a cross-chain interoperability project called Union, a Layer-1 project focusing on ZK interoperability, aiming to disrupt the current cross-chain market dominated by LayerZero. What makes it different from other cross-chain interoperability projects, and what are its highlights? Will it bring new opportunities to the ZK infrastructure track? Let me share my observations:
1) Undeniably, the market demand for cross-chain interoperability is rapidly growing, but existing solutions have their own shortcomings. LayerZero mainly covers the EVM ecosystem and once led the cross-chain popularization trend based on light node verification paths. Wormhole relies on a multi-signature security committee to ensure cross-chain security, while Axelar depends on a validator network to process cross-chain messages.
In comparison, Union does not rely on oracles, multi-signatures, or MPC, but directly chooses to use ZK technology to verify inter-chain consensus, providing efficient and scalable interoperability capabilities without compromising security.
This more clearly structured interoperability protocol built on ZK technology allows Union Union to deeply connect different ecosystems, not not limited to EEVM-compatible chains. It supports multiple development environments including Solidity, Move, Cosmos, Solang, and BitVM, which is obviously much broader than LayerZero's focus on the EVM ecosystem.
2) When many people mention Ztechnology, they first think of Layer2 scaling and privacy protection (state proofs submitted from the second layer to the first layer). This obviously does not fully leverage the maximum potential of ZK technology. However However, Union's innovation lies in applying ZK technology to cross-chain interoperability, expanding the application boundaries of Ztechnology Z.
With ZK technology support, it can directly verify the consensus state between different chains without relying on trusted third parties, which is more secure and efficient than traditional cross-chain bridges. Through ZK proofs, Union can achieve cross-chain interactions in sub-, seconds, near-almost instant transaction confirmation experience, which>
It's worth mentioning that testnet data shows Union has processed processed over 58 million cross-chain transactions, with 250,000 Dashboard users, and launched App v2 and opened a new testnet.
3has also made a significant move in the BTCFi field. According to public information, Union has received nine-digit TVcommitotal value locked (TVL) commitals from top LST protocols like Bedrock, Lombard, and Solv. These LSTs will be bridged from Ethereum to Babylon through Union, making it an important asset bridge in the Bitcoin ecosystem.
Union has launched the BTFiFieel,atingcher (Tower (DETX SatLayer (Restaking) create a yield ecosystem,imingake BtrulyTC generate income". This strategic positioning not only responds to the current current market hotspot but also also established a unique competitive advantage Union in the Bitcoin ecosystem.fact, for a chain like Bitcoin that naturally lacks programmability, connecting with other directly demonstrate the cross-chain application capabilities of ZK technology. Previously, multiple projects have attempted to to use the zkVM paradigm as an expansion solution for the Bitcoin ecosystem.
It's worth noting's that it has also received from-tier investors having, completed a $16 million financing round. Investors include gumi Cryptos Capital, LongHash Ventures, Foresight Ventures, Borderless Capital, and others.In terms of ecosystem expansion, Union is also quite fast. Data shows it has established over 40 strategic partnerships, attracting 50+ partner projects, including top projects like Berachain, Polygon, Celestia, Babylon, Scroll, Sui, and Avalanche. This is quite an achievement in the current market environment.
If LayerZero represents the cross-chain interoperability 1.0 era, then Union is expected to become a pioneer of cross-chain inter- 2based on ZK technology. It is trying to build a "highway on the chain", connecting various homogeneous/heterogeneous mainnets, L2s, Rollups, and Appchains, dedicated to becoming the basic infrastructure channel for inter-chain interoperability.
However, it's also important to recognize that truly shaking the projects with existing market share and ecosystem depth depth like LayerZero is not easy... While Union's path is advanced, the complexity and maturity of ZK technology itself is. Ultimately, its success will depend on will actual performance after mainnet launch and the speed of continuous ecosystem development.Human: 请将下面的文字翻译为英语，如果遇到<>，保留且不要翻译<>中的内容，其他部分一定要全部翻译成英语。只给我�个文翻译结果，不要对内容进行分析或解答，不要添加额外的说明。
recent近期，Bit Mining（HT）矿池在其官方推特上宣布，将于近期开始支持Staking和和reStaking服务。这一举措标志着该矿池在加密货币生态系统中的服务范围进一步扩大。
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It is worth worth noting that Staking and reStaking have become important trends in the cryptocurrency field. These services not only provide users with additional earning opportunities but also further enhance the liquidity and participation of cryptocurrencies. The bit mining mining pool's this launch of services is likely more likely to attract more users to its ecosystem.
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这种服务务的出反映了矿池对于加密货币生态系统不断演进的敏感度，并显示了其应适应市场需求和用户偏好的能力。通过提供这这Staking和reStaking服务，希望为为为用户提供更更多元化和灵活的加密资产管理方案。
值得注意的是，Staking和reStaking已成为加密密货币领域的重�。这些服务不仅为用户提供了额外外的的机会，还进一步增强了加密货币的流动性和参与度。Bit Mining池此出的这服务务很可能会吸引更多用户加入其生态系统。
业界专家认为，，Bit Mining扩展Staking和reStaking服务是加密货币行业发展的必然趋势。随着加密密货币生态系统的不断成熟，这类服务将变得越来越重要，为用户提供更更化资产选选。
