Hop Protocol Integrates ConsenSys zk-EVM to Enable Cross-Chain Transactions
On February 26, the cross-chain bridge Hop Protocol recently announced that ConsenSys zk-EVM has been integrated into the test site of Hop. When the test netwo…
On February 26, the cross-chain bridge Hop Protocol recently announced that ConsenSys zk-EVM has been integrated into the test site of Hop. When the test network is open to the public, users will be able to send Goerli ETH to the new ConsenSys zk-EVM from any supported test network chain.
The cross-bridge Hop test network has been integrated with ConsenSys zk-EVM
Interpretation of the news:
The Hop Protocol has recently announced that ConsenSys zk-EVM has been integrated into its test site, marking a significant milestone in the development of cross-chain transactions. With this integration, when the test network is open to the public, users will be able to send Goerli ETH (Ethereum) to the new ConsenSys zk-EVM from any supported test network chain, enabling greater interoperability between different blockchain networks.
The Hop Protocol, which was launched in December 2020, aims to enable seamless cross-chain transactions and liquidity for decentralized finance (DeFi) applications. It achieves this by enabling users to transfer assets across different blockchain networks without having to rely on centralized exchanges or custodians. This greatly improves the efficiency and speed of cross-chain transactions, enabling DeFi applications to function more effectively and securely.
The integration of ConsenSys zk-EVM into the Hop Protocol’s test site is a significant development, as it enables users to execute smart contracts on different blockchain networks using zero-knowledge proofs. This means that users can perform operations such as token exchanges or lending and borrowing on different blockchain networks, without having to trust centralized intermediaries, thereby improving the security and trustworthiness of DeFi applications.
The ConsenSys zk-EVM is a layer-2 scaling solution that enables smart contracts to be executed off-chain, improving the speed and scalability of Ethereum. This integration with the Hop Protocol enables cross-chain transactions to be executed in a faster and more efficient manner, making DeFi applications more accessible and secure.
In conclusion, the integration of ConsenSys zk-EVM into the Hop Protocol’s test site represents a significant step forward in the development of cross-chain transactions and interoperability between different blockchain networks. By enabling users to execute smart contracts across different blockchain networks using zero-knowledge proofs, the Hop Protocol is helping to improve the efficiency, speed, and security of DeFi applications. This integration marks an important milestone in the ongoing development of blockchain technology and highlights the potential for greater innovation and collaboration in the decentralized finance space.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3417/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Online Chart Reveals Millions of Dollars in Lawyer and Consultant Fees for Celsius in Bankruptcy Proceedings
According to reports, developer Cam Crews has compiled an online chart detailing the lawyer and consultant fees Celsius will need to pay in bankruptcy proceedings. According to dat
-
Visa services for UK nationals in Sepolia
12:00-21:00 Keyword: UK, Sepolia, Visa, CZ
Overview of important developments in the evening of February 28
Interpretation of the news:
S… -
Core Scientific Appoints Adam Sullivan as President: What This Means for Cryptocurrency Custodianship
According to reports, a court document shows that Core Scientific (CORZ), a cryptocurrency custodian and mining company, has appointed cryptocurrency veteran Adam Sullivan as its n
-
Goldman Sachs Adjusts Interest Rate Expectations
According to reports, Goldman Sachs said that in view of the recent pressure of the banking system, it no longer expected the Federal Reserve to raise interest rates at the meeting on March 22. The expectation that the Federal Reserve will raise interest rates by 25 basis points in May, June and July remains unchanged, and the terminal interest rate is now expected to be 5.25-5.5%. (Golden Ten) Goldman Sachs: maintain the expectation that the Federal Reserve will raise interest rates by 25 basis points in May, June and July Analysis based on this information:Goldman Sachs recently reported that it no longer expects the Federal Reserve to raise interest rates at the March 22 meeting due to recent pressures on the banking system. However, the expectations for a 25 basis point increase in interest rates in May, June, and July remain unchanged. Additionally, the terminal interest rate is now predicted to be between 5.25% and 5.5%. This message reflects Goldman…
-
What is the cloud computing power platform for (cloud computing power chia)?
What is the cloud computing power platform for? The core purpose of the cloud c
-
What does Bitcoin spot contract mean (real-time Bitcoin contract)
What does Bitcoin spot contract mean? According to cryptobriefing report, accor
-
OpenAI Apologizes: Rebuilding Trust with ChatGPT Community
On March 25th, OpenAI issued a statement apologizing to users and the entire ChatGPT community, saying it would rebuild trust.
OpenAI apologizes to some users for leaking informati -
OKB Breaks Through $50 Mark with 4.32% Daily Increase
According to reports, the market shows that OKB has broken through $50 and is currently reported at $50.26, with a daily increase of 4.32%. The market is volatile, so please do a good job of risk control. OKB breaks through $50 Analysis based on this information:According to recent reports, OKB has broken through the $50 mark and is currently reported at $50.26 with a daily increase of 4.32%. This development is significant for OKB, as it is a clear indication that the coin’s value is steadily increasing in the market. Investors are taking note of this development, and experts believe that the price can continue to rise over time. The current market volatility is a major concern for investors, as the price of cryptocurrencies can fluctuate drastically over a short period. Cryptocurrency investors are well aware of the risks associated with trading in digital assets, and they depend on accurate information and analysis to make the right investment decisions. Therefore,…
-
The Weirdo Ghost Gang NFT project hits new transaction volume record
On February 20, according to OpenSea data, the transaction volume of the NFT project The Weirdo Ghost Gang reached 1614 ETH (about US $2.72 million) yesterday,…
-
US Stock Indices Open Low: Reasons and Implications
According to reports, the three major US stock indices collectively opened low, with the Dow down 0.22%, the Nasdaq down 0.20%, and the S&P 500 index down 0.17%.
Three major US sto -
How to Make the Most of Your Time from 21:00 to 7:00
21:00-7:00 Keywords: Tiktok App, interest rate increase in May, Bitcoin mining right, Gemini
Overnight updates on April 11th at a glance
In a world where productivity is prized abo -
Collaboration between R3 and Qatar Financial Center Authority to Boost Blockchain Adoption
According to reports, enterprise blockchain company R3 and the Qatar Financial Center Authority (QFCA) have announced an extensive collaboration, which includes the possibility of
-
What are Mining Farms and Pools (Concept of Mining Pools)
What are mining farms and pools? In the field of cryptocurrency, mining is a ver
-
Sun Yuchen: Tron and BitTorrent are exploring the integration of ZKEVM
On April 5th, Sun Yuchen stated on Twitter that Wave Field Tron and BitTorrent are exploring ways to integrate ZK Ethereum Virtual Machine (ZKEVM) into their ecosystem.
Sun Yuchen: -
**Montenegrin Prison Official Announces Medical Isolation for Terraform Labs Co-Founder Due to COVID-19 Concerns**
On March 28th, a Montenegrin prison official said that Do Kwon, co founder of Terraform Labs, is currently undergoing standard medical isolation in Montenegro to rule out coronavir
-
What is omg coin (og coin)
What currency is omg coin? According to the latest news, what currency is omg coin? It is a Cryptocurrency (such as Bitcoin), which is characterized by improving efficiency by extending the computing power of the blockchain to the extreme. The OmiseGO team announced this project in March 2018. According to the developer’s introduction, this project uses a new mathematical method to create a fully automated and decentralized computer network. In the past year or so, this algorithm has been proven to have enormous potential, making it one of the first public networks in the world to coexist and communicate with the Internet OG coinAccording to reports, the price of OG coin surged to a historic high today, with the highest quote so far at $4.76, according to the OKEX market It is reported that the blockchain based shared ledger project OG (OEC) has officially started operation since August 1, 2019. In this round of ecological development, the booming “oEC” network…