Near Protocol and Wormhole Unite for Efficient Cross-Chain Transfers
Near Protocol, a Layer 1 blockchain, and Wormhole Bridge are working together to develop light client solutions that support cross-chain transfers using Zero-Knowledge (ZK) proofs.
In an announcement from Near Foundation, it was revealed that Near Protocol’s core team will integrate with Wormhole Bridge for all cross-chain transfers of assets, replacing Near’s Rainbow, the current main cross-chain bridge. This integration means that Wormhole Bridge will become Near’s primary bridge for cross-chain transfers with the Ethereum mainnet.
Ensuring additional security in the integration is the utilization of ZK Proofs. Near’s integration with Wormhole will employ ZK Proofs to safeguard cross-chain transfers between Near and Ethereum.
ZK Proofs allow for transaction validation without revealing unnecessary details, providing a secure method to confirm and verify transfers between the two blockchains. However, as the Near Foundation explains, this process can be computationally intensive, necessitating the implementation of light client solutions.
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A light client refers to a modified version of a full node in a blockchain network, which only downloads a portion of the entire blockchain while retaining the ability to validate transactions.
The development teams from Near and Wormhole aim to construct light client solutions that delegate a significant portion of the computational workload required for ZK Proofs to an off-chain layer. According to the Near Foundation, this approach optimizes storage and computational resources.
“The integration with Wormhole seeks to enhance our multi-chain interoperability through advanced Zero-Knowledge (ZK) light clients,” stated the foundation. “By offloading most of the computational load to an off-chain entity, these clients optimize storage and compute resources, facilitating a streamlined and efficient bridging process.”
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
