Based on the provided image and supplementary information, the Boundless project is a zero-knowledge proving infrastructure that uses the ZKC token to incentivize network participation. The project aims to improve blockchain scalability and interoperability by offloading heavy computational tasks off-chain and verifying them on-chain using a specialized Zero-Knowledge Virtual Machine (zkVM). This allows for faster and more efficient transaction processing across multiple networks without each one needing to build its own system.
Key Ways to Earn from the Boundless Project
The image you provided outlines specific tasks that allow users to earn rewards related to the Boundless project. These tasks are part of a campaign that leverages community engagement and on-chain activity to distribute rewards.
Here's a breakdown of the earning methods:
* Social Engagement: You can earn rewards by following the project on platforms like Binance Square and X (formerly Twitter).
* Content Creation: Creating original content about Boundless on Binance Square is another way to earn. Posts must meet specific criteria, including a minimum character count and required mentions (@boundless_network) and hashtags ($ZKC). This is designed to generate "mindshare" and promote the project.
* Token Trading: You can earn by trading the ZKC token on the Binance exchange. The image shows two separate tasks for trading a minimum of $10 in ZKC: one for a Spot or Convert trade and another for a Futures trade. These tasks are likely part of a trading competition or campaign.
How Boundless Works
Boundless operates as a decentralized marketplace for generating zero-knowledge proofs. Here's how it functions:
* Off-Chain Computation: When a blockchain, rollup, or decentralized application (dApp) needs a heavy computation, it sends the request to the Boundless network.
* Proof Generation: Independent, off-chain "prover" nodes compete to perform the computation and generate a cryptographic proof using a zkVM. This is often done using a Proof of Verifiable Work (PoVW) system, where provers must stake ZKC tokens as collateral to participate.
* On-Chain Verification: A compact, cryptographic proof is sent back to the original blockchain. This proof, which is much smaller than the original computation, allows the network to verify the correctness of the off-chain work without re-executing it.
* Incentivization: Provers who successfully generate valid proofs are rewarded with ZKC tokens, while those who fail may have a portion of their staked collateral "slashed."
This system not only lowers transaction costs and improves throughput but also makes zero-knowledge technology more accessible to a wider range of projects.
