Can IBC and Ethereum truly connect in a trustless manner? Succinct breaks through the bottleneck with ZKP!
Succinct Labs hot news: IBC Eureka successfully connects Cosmos and Ethereum using SP1 + Prover Network, igniting the official website.
Real case:
IBC Eureka is a bridge that allows over 120 Cosmos chains to communicate securely and cost-effectively with Ethereum. Previously, this required a bunch of validator signatures, with gas prices skyrocketing; now, using ZKP compresses the verification into a proof, requiring only ~200K gas on-chain – a 25-fold optimization!
Technologies used:
Cosmos's Tendermint client is written in Rust, running in SP1 to generate proofs.
Then, through the Succinct Prover Network, these proof requests are processed, making it both fast and cost-effective.
Why is it cool?
It enables cross-chain verification without a complex validator setup, simply transforming existing software into proofs, super user-friendly.
Significantly reduces costs and increases practicality; this cross-chain capability is currently one of the hottest trends.
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Speaking for myself, MooKing, I would like to try to implement this proof process for cross-chain NFT transfers, making collections more reliable and cost-effective.
Would you test cross-chain assets first, or cross-chain oracle updates?
@Succinct #SuccinctLabs $PROVE
#MooKing See you next time in the classroom!