Beginner
Intermediate
Advanced

We are Listing Polyhedra Network (ZKJ)

September 4, 2024
•
1 min

Polyhedra Network develops advanced zero-knowledge proof (ZKP) technologies with a focus on Web3 interoperability, scalability, and privacy. Their zkBridge protocol facilitates trustless cross-chain asset transfers and data sharing between layer-1 and layer-2 blockchains such as Ethereum, BNB Chain, and Cosmos. 

‍

The use of distributed proofing systems accelerates ZKP generation, making zkBridge significantly faster while minimizing on-chain verification costs. In addition, Polyhedra Network is working on zkDID, a decentralized identity system that verifies user credentials without compromising privacy. 

‍

This infrastructure supports both Web2 and Web3 applications, bringing billions of Internet users into the decentralized Web. In addition, the network has extended its ZK solutions to the Bitcoin ecosystem, enabling interoperability between Bitcoin and other blockchain networks.

What is the ZKJ token?

The ZKJ token is central to the Polyhedra Network ecosystem, serving several functional and governance roles. It is used to pay for Zero-Knowledge Proof services and zkBridge transaction fees, supporting the core operations of the platform. ZKJ holders can also stake their tokens to participate in transaction verification and governance and receive rewards for contributing to the security of the network. 

The token plays an important role in securing cross-chain operations, particularly through its integration with EigenLayer, providing dual staking for economic security between the Ethereum and Bitcoin bridges. Here are some of the other key aspects you should consider:

‍

  • Trading Volume (24h): The trading volume of ZKJ in the past 24 hours is $10,292,727.
  • Circulating Supply: The circulating supply of ZKJ is 66,146,206 tokens.
  • Total Supply: The total supply of ZKJ is 900,000,000 tokens.

Trade ZKJ

Access ZKP technologies, participate in governance, and help shape the future of decentralized Web3! To do so, head over to our trading page and secure your first ZKJ tokens.

‍

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Tothemoon may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Tothemoon's skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.