In Progress! The LayerEdge Testnet Phase Two Update for the Wang Zha Icon Project, Recently Gaining Popularity

The command line interface for LayerEdge Testnet Phase Two went live on March 19, aiming to bring enhanced data settlement and verification functions for PoS-based chains and aggregators.

1. Overview of the LayerEdge Project

LayerEdge is an innovative verification layer, centered around a platform for aggregating and verifying zk proofs.

2. Composition of the LayerEdge Team

Team members come from Samsung's icon R&D department, including Ayush Gupta and Rishabh Anand.

3. Financing Situation of the LayerEdge Project

LayerEdge completed its Pre-seed round financing on May 24, 2024, but the amount was not disclosed.

4. Advantages of the LayerEdge Project

Achieves efficient zk aggregation, lightweight verification mechanisms, applicability to various Web3 scenarios, and a robust economic model through direct reliance on BTC's PoW.