GasZero and zkMe Explore Synergies in Gasless Oracles
GasZero and zkMe have teamed up to provide one of the most efficient oracle and KYC services on the market, along with a potential for…
GasZero and zkMe have teamed up to provide one of the most efficient oracle and KYC services on the market, along with a potential for extended oracle services.
GasZero Solves the Gas Problem
Since the inception of cryptocurrencies, the industry has developed a method to decentralize the ownership, and along with it the burden, of networks. This has traditionally been done via gas fees; a fee paid to the one who does the computation necessary to maintain coherence of the network, charged to those who perform transactions or execution of smart contracts on the network.
Enter GasZero, a scaling solution breaking the norms to create the next step in the industry. With a 0Gas solution, this cost to the user has been solved, allowing a more attractive solution to form for those looking into leveraging blockchain technology. With GasZero’s goals of being “Affordable, Defensible, Justifiable,” they are set to provide a unique layer 2 solution in the market.
GasZero is the first Gas-Free zkRollup. Through the integration of data sources and a suite of meticulously crafted security components, GasZero removes the barrier of GasFee, bridging the gap between Web2 and Web3. This advancement marks the completion of the final leg in the journey from Web2 to Web3, poised to catalyze the emergence of the next generation of billion-dollar dApps.
GasZero and zkMe
The immediate synergies of the two platforms can be easily seen — GasZero is lowering barriers for companies (including those in web2) to join the field by lowering costs and reducing bottlenecks, while zkMe is offering an identity oracle that ensures privacy of users’ data, increasing user acceptance. There is of course, more to the story.
Adam, Co-Founder of GasZero, said: “This collaboration is not only a collision of two fields, but also a model for a new era of cooperation. By combining their strengths, GasZero and zkMe open a door to the future. This door is open and leads us to a more open, secure and human Web3 world, a digital future that is truly tailored to the needs of users.”
With a layer 2 that allows for 0Gas transactions, it allows for a much more efficient use of the network especially for those that may be transactional and computationally intensive. For example, if a company has a great many KYC checks they need to perform, or a financial institution must perform KYB checks for every transaction despite its high frequency, it may save a significant amount in cost to have a gasless network to piggy back the oracle function on.
The gasless nature of GasZero also provides a great experimental playground in which zkMe and future oracle functions may shine. Oracle functions tied to online IDs, such as web2 integrations, often take a higher amount of network bandwidth as data is often confirmed or updated more frequently. Such features would of course, greatly leverage the gasless nature of GasZero.
zkMe’s Future
As we come closer to launching our zk KYC services with our first partner, we are excited to showcase just exactly how we are providing a private, anonymous KYC experience, and how we’re implementing our 3-design philosophy of privacy-by-design, secure-by-design, and decentralized-by-design.
The decentralized design of our oracle is backed with zero-knowledge proofs, and users data is never shared to those who may be asking for the checks, nor do we have direct access to the data. We are diving head-first into a new paradigm in user-privacy, even in the KYC space, and we look forward to bringing you the best solution on the market, not just for the businesses, but also for the users.
About GasZero
GasZero is the first Gas-Free zkRollup. Through the integration of data sources and a suite of meticulously crafted security components, GasZero removes the barrier of GasFee, bridging the gap between Web2 and Web3. This advancement marks the completion of the final leg in the journey from Web2 to Web3, poised to catalyze the emergence of the next generation of billion-dollar dApps.
More Info about GasZero:
Homepage | Twitter | Discord | Telegram | Medium | Threads | Gitbook
ABOUT zkMe
zkMe builds zk Identity Oracles for truly decentralized & anonymous cross-chain credential verifications.
No personal information is ever processed by anyone but the user themselves. Data leaks & misuse by the service provider are impossible; full interoperability & reusability result in a superior ID solution. zkMe’s is the only FATF compliant KYC provider to be fully decentralized, offering a full suite of products from anti-bit/anti-sybil, to KYC and more.
For more information, follow the links below:
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