GM Binancians!
Welcome to the newest research report on the hood, where we will explore how this novel decentralized zk solution works.
Before we start..
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Let's go🫡
1/ What is @Lagrange Official
➡️Lagrange Protocol $LA is a cross-chain infrastructure solution that utilizes zero-knowledge technology to create generalized state proofs across all major L1 solutions.
As of press time, they have raised approximately 17.2M USD, as follows:
Pre-seed: 4M USD, with 1KX leading the round.
Seed: 13.2M USD, with Founders Fund leading the round, along with notable tier 1 VCs such as Fenbushi Capital and 1KX joining the round.
Now, into the technicals.
Lagrange consists of 3 important products as follows:
Let's explain to ourselves how each of these components works:
I/ DeepProve
➡️DeepProve aims to be the fastest zkML that is currently in production.
➡️It uses advanced cryptographic algorithms such as Sumchecks to achieve scalable proving.
➡️Written using Rust.
II/ZK Prover Network
➡️The backbone of the ZK-based network.
➡️Claims to be powerful enough to empower zk-based Artificial Intelligence, Rollups, and dApps.
➡️Technically infinitely scalable, which scales horizontally.
➡️Consists of high liveness in proofs, leveraging the native Double Auction Resource Allocation mechanism, while being production live.
III/ ZK CoProcessor
➡️The first readily available SQL-based ZK Coprocessor that allows proving custom SQL queries directly through smart contracts.
➡️Breaks up computations into small chunks to accelerate efficiency on the mainnet.
➡️Supports unlimited block headers, while able to query millions of storage slots per block on mainnet, taking over many zk-based blockchains.
Currently, Lagrange network's interoperability serves many blockchains, including but not limited to:
➡️Zksync
➡️Polygon
➡️Gaia
➡️LayerZero
➡️Bio Protocol
➡️Frax
Major dApps/ protocols utilizing this novel tech include:
➡️Eigenlayer
➡️Swell
➡️Puffer Finance
➡️Omni Network
➡️Story Protocol
To learn more about the architecture of the Lagrange network, feel free to read their developer docs.
And, that's it, folks :)
See ya with another edition of research coverage🫡
Until then, take care👋
