• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Partnership of io.net and Nexus to Enhance zkVM

user avatar

by Giorgi Kostiuk

a year ago


Io.net and Nexus have announced a collaboration to enhance infrastructure and accessibility of zero-knowledge proof technologies through Io.net platform integration.

Objectives and Principles of Collaboration

The partnership aims to provide broad access to zero-knowledge proof services. Nexus will be able to use an expanded network of validators and other components in web3 ecosystems.

Technical Advantages of Integration

The integration of Io.net's IaaS platform significantly increases Nexus's computational power for zero-knowledge proof generation. This will enhance the scalability, reliability, and accessibility of the network.

Our partnership with io.net marks a pivotal step forward in advancing the capabilities of Nexus network.Alex Fowler, Chief Strategy Officer at Nexus

Impact on web3 Network Development

The collaboration will strengthen the foundation for a more interconnected and scalable web3 ecosystem. It will open up new opportunities for developers and users, enhancing the network's robustness.

The collaboration between io.net and Nexus creates a powerful momentum for the development and optimization of web3 technologies, making them more accessible and efficient for all market participants.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Step Finance and Sister Platforms Cease Operations Amid Market Struggles

chest

Step Finance and its sister platforms SolanaFloor and Remora Markets are ceasing operations due to a significant exploit resulting in a loss of approximately $40 million.

user avatarDavid Robinson

Indiana Advances Bitcoin Rights Bill to Integrate Crypto into Public Finance

chest

Indiana lawmakers have approved House Bill 1042, known as the Bitcoin Rights Bill, to integrate cryptocurrency into the state's public financial system.

user avatarAndrew Smith

Jane Street Faces Legal Scrutiny Over Crypto Market Disruptions

chest

Jane Street is facing legal scrutiny over allegations of insider trading and market manipulation in the crypto market, linked to a federal lawsuit filed on February 23, 2023.

user avatarJacob Williams

Ethereum Options Expiry Could Increase Short-Term Volatility

chest

Ethereum options expiry worth $893 million may introduce near-term volatility in the market.

user avatarZainab Kamara

ZachXBT Uncovers Insider Trading Allegations at Axiom Exchange

chest

Blockchain investigator ZachXBT uncovers allegations of insider trading and data abuse at Axiom Exchange involving employee Broox Bauer.

user avatarSon Min-ho

Morgan Stanley to Enhance Bitcoin and Crypto Services

chest

Morgan Stanley is set to enhance its Bitcoin and crypto services, including spot trading on ETRADE and plans for custody and lending services.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.