Me doing some DYOR on ZKCROSS...might aswell learn and stay ahead while i wait....
Super duper long post...enjoy
Im sure all these will be available and more will be added....WOW
https://smartliquidity.info/2024/01/09/partisia-partners-with-tera-block/Partisia partners with TeraBlock
Defi
Published on: 09.01.2024
Partisia partners with TeraBlock
Partisia partners with TeraBlock, a well-established cross-chain interoperability protocol, and a DeFi infrastructure-as-a-Service provider focused on revolutionizing the decentralized finance (DeFi) space.
TeraBlock, with the assistance of Partisia Blockchain’s advanced multiparty computation (MPC) technology, has developed the world’s first zero-knowledge cross-chain decentralized exchange (zkCrossDex).
This significant achievement was made possible through the Partisia Blockchain Foundation’s grants program. The MPC technology integrated into TeraBlock’s zkCrossDex guarantees transactional privacy and effectively addresses the front-running issue in decentralized finance (DeFi).
Introducing MPC-Powered zkCrossDex: The Ultimate Interoperability Solution
zkCrossDex, fueled by
MPC, is an exceptional technology that seamlessly links different blockchain networks, setting a new standard for interoperability. This novel development enables the smooth exchange of assets and liquidity flow between diverse ecosystems, providing unprecedented access to a broad range of assets and markets. This feature is set to transform the DeFi landscape, offering users unparalleled opportunities.
https://worldbank.einnews.com/amp/pr_news/683222252/terablock-introduces-zkcrossdex-a-leap-forward-in-decentralised-financeThe zkCross Protocol has been live on Splinterlands on the HIVE Blockchain enabling users to seamlessly swap and bridge tokens across HIVE, Ethereum and Binance Smart Chain. In just over a year, zkCross Protocol has been used by 18,000 users and successfully powered over 112,000 transactions and over $57 Million in volume.
https://zkcross-network.gitbook.io/zkcrossnetwork/about-zkcross-network/zkcrossdexThe Role of zkCross Protocol in Powering zkCrossDEX
The zkCross Protocol provides the essential framework for the creation and operation of zkCrossDEX designed to overcome the barriers of interoperability by enabling direct, secure, and efficient transactions across different blockchains.
The protocol utilises advanced MPC (Multi-Party Computation) technology and zero-knowledge proofs, to ensure transactions retain the highest standards of privacy and security.By integrating the zkCross Protocol, zkCrossDEXs offer users a unified platform where assets from various blockchains can be swapped and managed significantly reducing the friction associated with operating in a multi-blockchain DeFi ecosystem, enhancing user experience and fostering greater adoption.
Simplified User Experience: Democratising DeFi
DeFi's complexity is a barrier to mass adoption. zkCrossDEX dismantles this barrier with its intuitive interface, making DeFi more accessible and user-friendly. This aligns with TeraBlock’s vision of a financially inclusive blockchain ecosystem, where everyone can easily navigate the DeFi space regardless of their technical know-how.
Leveraging Partisia Blockchain's MPC Technology
TeraBlock’s collaboration with Partisia Blockchain is a strategic alliance that significantly elevates the capabilities of zkCrossDEX.
By leveraging Partisia's advanced MPC technology, they not only ensure transactional privacy but also effectively address the critical issue of front-running in DeFi.
This integration allows swaps to remain private until finalisation, setting a new standard in transactional efficiency and security in the DeFi sector.Features and Benefits of zkCrossDEX
Bridging the DeFi Infrastructure Gap: Emerging blockchains face the challenge of an undefined or low Total Value Locked (TVL) due to a need for robust DeFi infrastructure. zkCrossDEX provides the tools and the platform to establish a definitive TVL, attracting more DeFi activities.
Bridge Liquidity Gaps: zkCrossDEX significantly enhances liquidity within the blockchain ecosystem by connecting emerging blockchains with leading blockchains.
Simplify User Interaction: The integration of the zkCross Protocol offers a user-friendly interface, making DeFi accessible to everyone.
Boosting On-Chain Trading Volumes: zkCrossDEX significantly increases on-chain trading volumes by facilitating more accessible and efficient transactions.
Simplifying Tokens Acquisition: The complexities of purchasing native tokens through centralised exchanges deter many potential users. zkCrossDEX streamlines this process, making it more accessible.
Direct Fiat to Crypto Gateway: The intricate process of converting fiat to crypto is entirely automated, providing a direct and user-friendly onramp and offramp.
Expanding User Base: By addressing the challenges, zkCrossDEX retains and engages the existing community and attracts new users and investors, expanding the blockchain ecosystem.
Foster Ecosystem Growth: With improved infrastructure, zkCrossDEX stimulates the development of new DApps and attracts more users and developers to emerging blockchains.
zkCrossDEX supports a wide array of blockchains, including EVM-compatible and non-EVM networks.
This inclusivity ensures that users have access to a diverse range of assets and services, regardless of the underlying blockchain technology. The platform is continually expanding its support for additional blockchains and assets, driven by the goal of creating a truly universal DeFi platform that serves as a central hub for the digital asset economy.
Through this expansive approach, zkCrossDEX not only enhances the utility and accessibility of existing blockchains but also paves the way for future innovations within the DeFi sector.
https://zkcross-network.gitbook.io/zkcrossnetwork/the-cross-token/cross-tokenToken Name: Cross Token
Ticker: CROSS
Type: ERC-20
Supply: 2,100,000,000
Launch: Q2 2024
Utilities and Benefits of the CROSS Token
The CROSS Token is integral to the zkCross Network, serving as the primary utility and governance token that powers and incentivises the participants in the zkCross Network.
https://zkcross.network/Solution: DeFi Infrastructure as a Service
Enable Seamless Liquidity Transfer to the
Target Blockchain with zkCrossDEX
zkCrossDEX: Effortless cross-chain DeFi access enables seamless liquidity transfer to the desired blockchain.
zkCross Network's Transformative Offerings
Zero Learning Curve
Instant Fiat to DeFi onboarding
Universal Liquidity
One-click multi blockchain access
Streamlined Execution
Fewer transactions & wait times
Trustless,compliant, & secure
DAO Governance
Community-driven & transparent
https://twitter.com/zkCrossNetwork/status/1779286219580407899🚀 Big news dropping! 🌐
zkCross Network is proud to unveil our game-changing collaboration with #ICP! We're revolutionising #DeFi interoperability, and this is your first look.
https://twitter.com/zkCrossNetwork/status/1781580066066981345zkCross Network@zkCrossNetwork
Reduce complexity with zkCross Network, offering a single interface to interact with multiple #blockchains, enhancing user experience and access to DeFi markets.
Our platform ensures seamless integration and operation across ecosystems.🔄✨
https://zkcrossnetwork.medium.com/zkcross-bridging-blockchains-for-seamless-defi-access-and-growth-a59b678f8bb8Transitioning from traditional finance to #DeFi?
zkCross streamlines your entry with our user-friendly fiat gateways. Enjoy safe, swift, and secure conversions as you embark on your #crypto investment journey.
Welcome to a world where fiat seamlessly transforms into #crypto.
@zkCrossNetwork
The fragmented DeFi market limits potential.
Our solution?
zkCross Network's infrastructure, which unites EVM and Non-EVM chains for seamless liquidity. Say goodbye to barriers and hello to efficiency.
https://twitter.com/DFINITYDev/status/1783253639332860227@zkCrossNetwork built a decentralized bridge watcher on #ICP that monitors lock events on #smartcontracts across #blockchains such as
@Polygon and @Ethereum
They also use #ThresholdECDSA to sign the event messages within ICP canisters.
https://zkcrossnetwork.medium.com/zkcross-bridging-blockchains-for-seamless-defi-access-and-growth-a59b678f8bb8Smooth Onboarding: In partnership with Stellar, zkCross Network seamlessly integrates Stellar’s Anchors, which connect the Stellar network to traditional banking systems, facilitating fiat onboarding for users across the globe.
Universal Access: With one-click access to multiple blockchains, zkCross Network ensures universal liquidity, enabling users to navigate seamlessly between different blockchain ecosystems. This interoperability enhances flexibility and expands the possibilities for decentralised finance.
Swift Transactions: zkCross Network enhances speed and efficiency by reducing steps and waiting times. The real-time responses and cross-chain order placements further promote swift execution, optimising user experience and minimising latency.
Robust Security: zkCross’s commitment to robust security is solidified through the integration of Partisia’s Multi-Party Computation (MPC) technology within the zkCross Network. This cutting-edge technology enables secure and distributed computation of functions, ensuring that sensitive data and transaction keys are divided among multiple parties. By employing MPC, zkCross eliminates single points of failure, securing user assets and information throughout every transaction.This is pretty awesome stuff, never been done before and only possible because of MPC Partisia tech.
Think what Uniswap did for ETH when it began with making only ERC 20 tokens tradable...
Well ZKCROSS could do the same for MPC when it has every top Blockchain coins tradable....
This would be like Uniswap on steroids
While doing this DYOR just now I was thinking why does this seem familiar ..
i was like this for real
lol then i found this...
Years before Uniswap....
IDEA
A new ETH ONLY EXCHANGE , allowing users to trade their $, £, Euros, for ETH, REP(Augur),SLK(Slockits coin, i made name up btw) PLT (Plutus) maybe even SMG(Samsung) UBU(Ubuntu) etc.
Lets do it
Some people may say why?, id say as time passes do we really want to keep buying BTC and then ETH,then GAS or REP etc, we lose money in transaction fess, changing coins fees...we could eliminate the baggage, save money and time, do it direct , fiat for ETH or GAS and Dapp Tokens all from one exchange.
This gives buyers more coin and ETH more overall market value as the fiat is going directly into the ETH ecosystem.
IDEA
A new ETH ONLY EXCHANGE , allowing users to trade their $, £, Euros, for ETH, REP(Augur),SLK(Slockits coin, i made name up btw) PLT (Plutus) maybe even SMG(Samsung) UBU(Ubuntu) etc.
Lets do it
Yeah, very smart. Let's open an "only ETH" exchange and lose volume from BTC, LTC markets.
Did it take you long to think of this? How much effort did you put into processing that information?
if there is demand for those coins , we could add them on another section,lol
Wow that comment from Hardforkcoming did not age well lol
and my reply to him now would be...8 years later is...we did it...well MPC did it... a DEX for all coins.