Polyhedra Network Will Launch zkBridge NEP Proposal, Rewards for ZKJ Stakers

2024-06-27
Polyhedra Network Akan Luncurkan Proposal NEP zkBridge - Bittime

Bittime - Polyhedra Network will soon launch a NEP (Network Expansion Proposal) Proposal for zkBridge. This proposal will allow the community to determine which networks zkBridge will support in the future.

What is zkBridge?

zkBridge is a secure and efficient trustless cross-chain interoperability protocol.

zkBridge uses zkSNARK proofs to enable transaction verification without disclosing personal data.

zkBridge NEP Proposal Process

The process of the zkBridge NEP proposal is:

1. Community Submits Proposals

Anyone in the Polyhedra Network community can submit a proposal to add a new network to zkBridge.

Proposals must include information about the network, such as network health, liquidity accessibility, and community growth potential.

2. Community Voting

The Polyhedra Network community will then vote to approve or reject the proposal.

The primary determinants are the advantages and disadvantages of adding a new network, including network health, liquidity accessibility, and community growth potential.

3. Implementation

If the proposal is approved, new networks will be added to zkBridge and users will be able to transfer their assets between them.

Hadiah untuk Staker Token ZKJ

ZKJ token holders who stake their tokens will be able to participate in the zkBridge NEP voting process and earn rewards. This prize will be paid in the form of ZKJ tokens.

Benefits of NEP zkBridge

The benefits of NEP zkBridge are:

1. Improve Interoperability

zkBridge's NEP will enable zkBridge to support more blockchain networks, making it easier for users to transfer their assets between different blockchains.

2. Decentralization

NEP zkBridge will give the Polyhedra Network community more control over zkBridge development.

3. Innovation

NEP zkBridge will drive innovation in the blockchain space by enabling the development of new applications and services across multiple blockchains.

First zkBridge NEP Launch

The first zkBridge NEP will be announced soon. ZKJ token holders who stake their tokens will be able to participate in the voting process and earn rewards.

Community and the Future of zkBridge

The launch of zkBridge NEP marks a new era for zkBridge and Polyhedra Network. Let's go over some of the things we can look forward to:

1. Community Participation

The zkBridge NEP will empower the Polyhedra community to actively shape the future of zkBridge.

By participating in the proposal submission and voting process, the community can ensure that zkBridge supports the most beneficial networks for the ecosystem.

2. Diverse Network

NEP zkBridge paves the way for zkBridge to connect to various blockchain networks. This will improve interoperability and create new opportunities for developers and users.

3. Increased Adoption

Along with broader network support, zkBridge can attract more users and projects to the Polyhedra ecosystem.

This will increase the utility value of the ZKJ token and strengthen Polyhedra Network's position as a leader in cross-chain interoperability.

If you are interested in participating in NEP zkBridge, here are some things you can do:

  • Learn more about zkBridge: Visit the Polyhedra Network website and read the zkBridge documentation to understand how it works.
  • Stay up to date with Polyhedra Network: Join the Polyhedra community on social media and other communication channels to get the latest information on NEP zkBridge.
  • Stake your ZKJ tokens: By staking ZKJ tokens, you will be eligible to participate in voting on the zkBridge NEP proposal and earn rewards.

Conclusion

The launch of NEP zkBridge is an important step for Polyhedra Network. This will allow zkBridge to support more blockchain networks, give the community more control over zkBridge development, and encourage innovation in the blockchain space.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via over. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets at over, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.

For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Study Complete Guide How to Buy Crypto on Bittime.

Monitor graphic movement Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

Lucky Draw Rp15 Juta
PLPA Listing Announcement

Bittime Blog

Blum Video Code Leaks 22 December 2024 Get Exciting Prizes Now!.png
Blum Video Code Leaks 22 December 2024: Get Exciting Prizes Now!

Check the leaked answers to Blum Video Code 22 December 2024 here! Find easy steps on how to play and claim attractive prizes just by watching the video.

2024-12-22Read