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L2BEAT Reproduces Lighter’s ZK Circuits as LIT Jumps More Than 18%

The verification came about a week after Solana co-founder Anatoly Yakovenko questioned the Lighter perpetual futures decentralized exchange layer-2 project on May 12.

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Summary

L2BEAT, a research platform focused on Ethereum scaling projects, said it fully reproduced from source all zero-knowledge circuits used by Lighter, a perpetual futures decentralized exchange on a layer-2 network. The development came one week after Solana co-founder Anatoly Yakovenko, also known as toly, questioned the project on May 12. Following the update, LIT rose more than 18% over 24 hours. Reproducing zero-knowledge circuits from source is a technical verification step that can help assess whether a project’s cryptographic system matches its published code, an issue that is closely watched in crypto infrastructure and decentralized finance.

Terms & Concepts
  • zero-knowledge circuits: Cryptographic circuits used in zero-knowledge systems to prove computations are correct without revealing the underlying data.
  • perpetual futures: A type of crypto derivatives contract with no expiry date, allowing traders to speculate on price movements using leveraged positions.
  • layer-2: A blockchain scaling network built on top of a base chain to improve transaction speed or reduce costs.