The crypto market has evolved significantly with new blockchains showing up to the party everyday, created by developers who are trying to solve the problem of either scalability, security, or decentralization.
Developers are creating new blockchain in the hope of achieving the most complete blockchain that has the closest solution to the trilemma problem mentioned above.
Sadly, not many have succeeded as the trilemma problem is still the number one problem for blockchains in the crypto space.
Because of this , there are now so many blockchains to choose from but sadly not all those blockchains are connected.
But that has changed, thanks to the evolution of blockchain bridges that connect even different blockchain with different mechanisms so users can transact between them.
One of the projects that is trying to help grow the sector of blockchain bridges is Polyhedra Network, a ZK Blockchain Bridge that was created to help unit all Ethereum Virtual Machine based blockchain, and more.
What is Polyhedra Network?
Polyhedra Network is a blockchain bridge that is made with ZK technology which is a zero knowledge mechanism that makes transactions happen faster on the blockchain.
It is built to help Ethereum to connect with other EVM blockchains while implementing the mechanism that was inspired by the Ethereum Foundation.
The ZK mechanism is implemented by a lot of EVM blockchains, especially layer two blockchains so that it can process transactions faster.
The ZK knowledge is complemented with a SNARK mechanism or short for Succinct Non-Interactive Argument of Knowledge.
The term ZKSnark combined together means that there is less validation that needs to be done because in the validation process, the information on the smart contract does not all need to be checked and revealed to the validator, hence making the process faster.
Currently the Polyhedra Network focuses on three values that it promotes on its infrastructure, which are scalability, interoperability, and modularity.
This means that transactions on the Polyhedra Network bridge are fast, secure, can be connected with a lot of blockchains, and are efficient.
The modular aspect of it is what interests a lot of people as this means that there are multiple layers on the bridge to help process more transactions faster.
Polyhedra’s Bridge Functionalities
Currently the main product of this project is the zkBridge, which connects Ethereum with other Layer Two Blockchains and the BNB Chain.
Currently there are 8 blockchains available to be connected, which are Optimism, Arbitrum One, Base, Linea, Mantle, Polygon, BNB Chain, and opBNB, the layer two Optimism Blockchain specifically designed for BNB Chain.
Users can send Tokens, Messages, and NFTs, with a special feature providing sending and receiving tokens and NFTs from BNB Chain to opBNB and vice versa.
Currently the main tokens that can be used on the bridge are only BNB, ETH, and USDT for Ethereum transactions and in addition a BTCB and FDUSD for BNB Chain transactions.
What’s interesting is the message feature where users can literally just send messages to other blockchains that will be received in the form of text messages like regular messages as you would get from emails or social media.
The bridge is fast, as it promises a low transaction fee with one minute of finality, which means that transactions can be done in under one minute.
No Tokens Yet
Interests towards this project is currently increasing, but beware that there is no token yet as the whitepaper has not specified on whether the bridge will release its own tokens or not.
But, this might be an opportunity when looking at bridges such as Wormhole that just did an airdrop to loyal users of its bridge who have been transacting on it for a long time.
With the Polyhedra Network still being new, there is a possibility that users who regularly use the bridge will receive an allocation of its token.
However, this is all speculations as there is no information yet regarding if the project will have its own tokens or not.
Conclusion
Overall, the project seems to be in the development stage as more plans are coming along in the future.
The current state of the project's ecosystem seems to be positive, as there are already 81 DApps and Protocols connected to the bridge, meaning that there will be many users using the bridge.
If you are looking for a potential speculative airdrop opportunity or a tool to move tokens between EVM Blockchains, then this bridge might be for you!
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