Recently, a significant collaboration has been initiated within the crypto community, involving Polyhedra Network and Nubit. Polyhedra Network has completed a $20 million financing round, while Nubit is focusing on advancing ZKP proofs. Below is a detailed overview of the collaboration.
Both Polyhedra and Nubit hold core advantages in the Bitcoin blockchain and ZKP technology domains, making them noteworthy.
Let's first delve into the profiles of these two collaborating entities.
As a pioneer in blockchain technology, Polyhedra Network is driving innovation in Web3's interoperability, scalability, and privacy through cutting-edge Zero-Knowledge Proof (ZKP) technology. The network has built a series of advanced infrastructures aimed at providing efficient and trust-minimized solutions for asset transfers, message delivery, and data sharing between various Web2 and Web3 systems. Polyhedra's team consists of top engineers, developers, and researchers from the University of California, Berkeley, Tsinghua University, and Stanford University, focusing on developing a full-stack Web3 solution suite based on ZKP. This suite includes, but is not limited to, zkSNARKs, zkBridge, and zkDID (decentralized identity) solutions. Additionally, Polyhedra has made breakthroughs in enhancing the security of cross-chain bridging protocols, significantly reducing the security risks of cross-chain transactions and enhancing the reliability of the entire blockchain ecosystem.
On the other hand, Nubit is a flagship Bitcoin-native project focusing on expanding the data availability layer. As the first Bitcoin-native data availability layer, Nubit leverages the security framework of Bitcoin to provide unparalleled data processing capabilities tailored to the Bitcoin community. Nubit's technology extends the data capacity of Bitcoin, supporting not only Ordinals and Bitcoin Layer 2 solutions like Lightning Network but also providing essential data support for critical applications such as price oracles and indexers. Through its high-performance consensus algorithm, Nubit inherits Bitcoin's full censorship resistance, ensuring transparency and decentralization of the system while significantly expanding the scope and efficiency of the Bitcoin ecosystem.
In the realm of technology and ecosystems, collaborations that bridge various sectors have drawn considerable attention.
At the forefront of blockchain technology, Polyhedra Network is advancing Web3's interoperability, scalability, and privacy protection through its cutting-edge zero-knowledge proof protocol — zkBridge.
Recently, Polyhedra Network successfully raised $20 million in a strategic financing round led by Polychain Capital, valuing the company at a staggering $1 billion. This round of financing also attracted heavyweight investors such as Animoca Brands, Emirates Consortium, Arkstream Capital, Mapleblock Capital, Hashkey Capital, UoB Ventures, Symbolic Capital, Longhash Ventures, MH Ventures, and Web3Port Foundation, marking the company's fifth financing round in the past two years.
Following closely, in April, Nubit, a Bitcoin native data availability layer project, announced a partnership with Polyhedra Network. The two entities will collaborate to develop a validation system tailored for the Bitcoin ecosystem. By forwarding commitments from on-chain light clients to Nubit's data root, this approach seamlessly integrates high-throughput data availability solutions into second-layer contracts. This innovation ensures the security of the Bitcoin second-layer network and high availability of data, supporting developers in building scalable and reliable infrastructure and applications on Bitcoin.
Moreover, Nubit and Polyhedra Network are committed to implementing ZKP-based state proofs for Bitcoin meta protocols such as Ordinals, BRC-20, and Atomicals. By utilizing ZKP to verify the state transition functions of meta protocols and combining them with Nubit's modular indexer, they can achieve fully trustless proofs of indexed results, thus promoting the modular interoperability of Bitcoin meta protocols. This collaboration demonstrates Polyhedra Network's core technological strength and market leadership in advancing blockchain ecosystem security and scalable solutions.
The deep integration between Polyhedra Network and Nubit is being interpreted from a technical standpoint, paving the way for strategic developments in the future.
The collaboration between Polyhedra Network and Nubit signifies a significant step towards enhancing the functionality and scalability of the Bitcoin ecosystem. As the first Bitcoin-native Data Availability (DA) layer, Nubit is dedicated to building a decentralized and interoperable future. Leveraging Polyhedra's expertise in advanced cryptographic technologies, this collaboration aims to drive innovation and nurture a more secure, scalable, and interoperable Bitcoin ecosystem.
Polyhedra Network is accelerating the adoption of Web3 by leveraging zero-knowledge technology to overcome traditional computational limitations, providing exponential computational power and turning innovative ideas into reality for individuals and organizations. Its team of cryptography experts has developed a series of secure, fast, and widely compatible cutting-edge ZK algorithms, accelerating the development of Web3 while making it more cost-effective and inherently secure.
Furthermore, Nubit focuses on enhancing data availability within the Bitcoin ecosystem. Nubit and Polyhedra Network will collaborate on developing a robust DA proof system tailored for the Bitcoin ecosystem. By forwarding commitments to Nubit's data root via on-chain light clients, developers can seamlessly integrate high-throughput DA solutions into second-layer contracts. This integration ensures the security and data availability of the Bitcoin second-layer network, enabling developers to build scalable and reliable infrastructure and applications on Bitcoin.
Nubit and Polyhedra are also committed to implementing ZKP-based state proofs for Bitcoin meta-protocols such as Ordinals, BRC-20, and Atomicals. Leveraging ZKP to verify state transitions of meta-protocols and combining them with Nubit's modular indexer enables fully trustless proofs of indexed results, thus achieving modular interoperability of Bitcoin meta-protocols. This advancement allows users to independently verify these results, enhancing the decentralization and integrity of the Bitcoin ecosystem.
Innovations in zk-SNARK-based signature aggregation protocols will also be explored through this collaboration, integrating single-slot finality consensus into Nubit. This integration signifies a significant advancement in traditional blockchain consensus mechanisms, minimizing communication overhead between validators to the maximum extent possible through Polyhedra Network's unique innovations, enabling Nubit to scale its validator set to hundreds of thousands, significantly enhancing the decentralization of the Bitcoin DA system.
Moreover, Polyhedra Network will facilitate trustless cross-chain interoperability from Bitcoin to Nubit through its zkBridge, enabling seamless interoperability between the Bitcoin and Nubit ecosystems. This cross-chain integration opens up new opportunities for using BTC within Nubit, including staking and other services, aligning with Nubit's commitment to expanding Bitcoin's utility and accessibility.
By combining Nubit's Bitcoin-native DA solutions and modular indexer with Polyhedra's expertise in ZKP, consensus algorithms, and cross-chain interoperability, Nubit and Polyhedra are jointly committed to driving modular transformation within the Bitcoin ecosystem, unlocking new possibilities for Bitcoin's utility and adoption.
