Binance is rolling out support for a new universal ZK rollup protocol.
The top global crypto exchange by trading volume says Boundless (ZKC) is the next project in its HODLer Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances.
Boundless aims to scale ZK-powered verifiable compute for every chain, according to the project’s whitepaper.
“In Boundless, operators of GPUs and other commodity hardware called “provers” compete for on or off-chain requests for zero-knowledge proofs issued by ‘requestors’ via an efficient and open market. Such requests might occur either in the ‘spot’ market or as part of a ‘service agreement’ contract. In either case, payment is settled in conjunction with the verification of the proof on the destination chain specified by the requestor.”
ZK rollups are one of the two main types of rollup solutions that execute transactions outside of a blockchain but record the transactional data. ZK rollups run computations off the chain and then submit a validity report, while the other type, Optimistic rollups, automatically assumes transactions are valid.
Binance says ZKC trading will begin on Monday. The exchange will attach a seed tag to OPEN, a designation it applies to lower-liquidity projects that could exhibit higher volatility compared to other listed tokens. Binance requires users who want to trade assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks.
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