ZK narrative relay AI, inventory of 7 ZK projects worthy of attention
Compilation of the original text: Deep Tide TechFlow
Compilation of the original text: Deep Tide TechFlow
The rotation of the market is always inadvertent. In the last weekend, funds flowed from the AI sector to the ZK sector, the "zero knowledge" narrative is beginning, and ZK Token has become a trend and gradually prospered.
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$AZERO
Aleph Zero uses ZK technology to protect the privacy of AZERO platform users. Apart from that, it also employs a whole set of other groundbreaking technologies, which makes it a powerful blockchain.
The project aims to provide solutions to the current infrastructure deficiencies that are layered across multiple industries such as healthcare, automotive, IoT...
Market cap: 335 million.
$ROSE
Oasis Protocol has a huge ecosystem fund, whether it is native support for ZK rollups, or a partnership with META (Facebook), overall it seems to be a very strong project.
Are these partnerships good for $ROSE?
Technology-focused partnerships imply a focus on building, rather than investing, and its partners have already invested heavily in Web3, such as Meta. Oasis Protocol has a diverse library of partnerships across the industry, and while these partnerships don't translate to instant success, I'm bullish on it long-term.
Market value: 400 million.
$MINA
Mina Protocol is known as the best ZK-snark-based layer 1 protocol and one of the lightest blockchains.
The goal of Mina is to prove that the entire blockchain is valid without requiring verification of each block one by one. When a new block is created, the Mina protocol builds on the previous proof that there is a valid sequence of blocks and the newly created block is also valid.
Thus, the proof is extended with each block without having to go through the entire sequence. The zk-SNARKs used in the Mina protocol are called Pickles, and they support recursion, which means proofs can refer to themselves, preventing the blockchain from growing in size.
Market cap: 865 million.
$MATIC
Polygon is the largest ZK coin by value on this list, which is a good reason why I am bullish on it. It has the highest number of institutional adoption and partnerships. It has gone through a full market cycle and is alive and well.
Market value: 11.5 billion.
$SYS
Syscoin uses ZK to process transactions on the network and provide greater interoperability with other networks.
It is also unique in using a hybrid consensus approach:
Syscoin has a unique ecosystem design that uses Bitcoin's PoW as the consensus method while being fully compatible with the Ethereum Virtual Machine (EVM).
EVM compatibility makes $SYS interoperable and supports full Turing smart contracts.
Market value: 150 million.
$ZKP
ZK Panther brings privacy to Web3 using ZK-proofs as an interoperability protocol.
Panther utilizes zkSNARKs and brings this concept to the DeFi and Web3 world, enabling users to generate proofs for any user data such as their age, geographic location, transaction history, holdings, etc.
They call these proofs "ZK Reveals".
Panther's vision is to provide privacy features and options to the entire DeFi ecosystem, where users have complete control over their data and the ability to reveal as much or as much information to whomever they want at any time.
Market cap: 16 million.
$METIS
Metis is a high-speed, low-cost L2, also known as the first hybrid L2. It incorporates both ZK and Optimistic Rollup technologies into their L2.
They have a world-class team (including Vitalik's mother), and a good team is the basis for achieving value goals.
Market cap: 157 million.
