Refers to Boundless, a decentralized protocol in the cryptocurrency and blockchain space, with the ticker symbol $ZKC.
Based on the information, here's what Boundless (ZKC) is:
Boundless (ZKC) is a decentralized protocol that provides universal zero-knowledge (ZK) computation across different blockchains.
Purpose:It aims to solve blockchain scalability issues by enabling verifiable and scalable off-chain execution while maintaining the security of the underlying blockchain. This allows developers to build high-throughput applications that bypass traditional block size and gas limits.
Technology:It acts as a marketplace for ZK proofs, where developers submit computation requests and a decentralized network of "provers" compete to fulfill them using a mechanism called Proof-of-Verifiable-Work (PoVW).
ZKC Token:The ZKC token is the native cryptocurrency of the Boundless protocol, used for staking, incentives, governance, and rewarding the provers in the decentralized marketplace.
