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RISC Zero Launches 'Boundless' Decentralized ZK Computing Testnet on Coinbase's Base Layer2

The launch of Boundless’ incentivized testnet marks a significant step in operationalizing zero-knowledge proofs across blockchain networks, with early support from notable institutions.

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EIGEN

Summary

Boundless Network has launched its incentivized testnet on Coinbase’s Base blockchain, introducing the first universal zero-knowledge protocol. Supported by the Ethereum Foundation and EigenLayer, the testnet employs Proof of Verifiable Work (PoVW) to reward participants for validating ZK proofs. This marks the first real-world testing of ZK infrastructure, with early participants eligible for allocations of the upcoming $ZKC token, set to launch in 2025.

Terms & Concepts
  • ZK computing: Zero-knowledge computing refers to a method of computation that allows one party to prove to another that a computation was carried out correctly without revealing the underlying data.
  • Proof of Verifiable Work (PoVW): A consensus mechanism that rewards participants for verifying zero-knowledge proofs within a zkVM, promoting efficiency over traditional mining.
  • $ZKC token: The native token of the Boundless Network, which will be distributed to early participants based on their performance in proof generation.