Celer Unveils Brevis: ‘A ZK Ominchain Data Attestation Platform’
Celer’s new ZK platform Brevis enables any dApp to access data on any blockchain, and has a wide variety of potential applications.
Brevis ZK Solution by Celer
Celer Network has built Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” that enables smart contracts to access and compute data from any blockchain.
“Brevis has a wide range of use cases like data-driven DeFi, zkBridges, on-chain user acquisition, zkDIDs, social account abstraction, and much more,” according to an announcement from Celer.
🔥1/ Introducing Brevis @Brevis_zk: a Zero-Knowledge (ZK) omnichain data attestation platform, enabling dApps and smart contracts to access, compute, and utilize arbitrary data across multiple blockchains in a completely trust-free way. #ZKP #ZK #ZKproofhttps://t.co/72VlkEAthp
— CelerNetwork (@CelerNetwork) March 22, 2023
According to Celer, any off-chain products such as Dune Analytics and Graph provide off-chain data indexing or analytics; however, Decentralized Applications (dApps) generally have had no way to access blockchain data unless it is “via explicitly defined interfaces of other smart contracts,” on the same blockchain and in the most current state of the blockchain.
Oracles can offer solutions to this quandary but then require additional reliance on the oracles’ security. And while other on-chain solutions “are in theory possible,” they have not been feasible due to high computation costs, according to Celer.
Enter the emerging ZK technology, which dramatically reduces blockchain transaction costs and time.
“It is important to note that the key difference between Brevis and off-chain data indexing solutions such as Dune Analytics and Graph is that Brevis can generate zk-attested query results that can be directly utilized by the business logic of on-chain smart contracts in a trust-free way,” according to Celer. “Compared to off-chain solutions whose data results can only be used in the web2-based data analytic context.”
As an initial proof of concept for Brevis, Celer built ZK light client circuits for Ethereum, Cosmos and BNB Chain that enable any Ethereum Virtual Machine (EVM) or non-EVM chain to access the states of those three chains in a trust-free way, according to the announcement.
“Using these ZK light client circuits, we implemented a user-facing asset zkBridge between Ethereum Goeril and BNB Chain Testnet for users to try out,” Celer said.
Celer has gone deep into ZK technology, aspiring to build a “Pantheon of Zero Knowledge Proof” comprising “a universally recognized evaluation testbed that covers low-level circuit development frameworks, high-level zkVMs and compilers, and even hardware acceleration providers.”
For more information on Brevis, including on its modularized architecture and the results of its initial test, read Celer’s announcement and the Brevis whitepaper.
What is Celer Network:
Celer Network is the leading inter-blockchain and cross-layer communication platform in the industry. The protocol offers fast, secure, and cheap bridging between multiple chains. The Celer ecosystem comprises three unique products: inter-chain Message Framework, cBridge, and Layer2.Finance.
Where to find Celer Network:
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Nigerian Court Orders Binance to Share Information of All Nigerian Users
This directive follows the Nigeria's pursuit of data on Binance's top 100 users in Nigeria and their transaction history.
A Nigerian court recently ruled that cryptocurrency exchange Binance must provide detailed information related to Nigerian traders to Nigeria's Economic and Financial Crimes Commission (EFCC).
The interim order issued by Justice Emeka Nwite from the Abuja Division of the Federal High Court follows a motion filed by the EFCC’s lawyer, Ekele Iheanacho.
“The applicant’s application dated and filed on February 29, 2024, is hereby granted as prayed. That an order of this honorable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform,” The court order stated.
Nigeria's premier financial crimes investigation agency, the EFCC, is actively investigating Binance's Nigerian user base. Previously, the agency had requested information on the top 100 users in the country along with their transaction history spanning the preceding six months.
Nigeria’s Concerns and Allegations
Nigeria’s scrutiny of the crypto industry stems from concerns over the purported facilitation of illegal capital outflows, a phenomenon believed to have contributed to the devaluation of the Nigerian naira against the dollar. For its alleged role in enabling significant capital movements, the Nigerian authorities have focused on Binance in particular.
Reports suggest that Nigerian authorities have demanded $10 billion in penalties from Binance for its involvement in handling approximately $26 billion of untraceable funds. Moreover, two senior Binance executives were detained by Nigerian authorities following their invitation to the country for discussions on the matter. Their court hearing is scheduled for Wednesday, according to Reuters.
While Binance’s privacy terms stipulate the possibility of sharing user data with authorities for legal and regulatory compliance, the exchange’s stance on adhering to the Nigerian court’s directives remains uncertain.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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