ZKC (Boundless) 24-hour increase of 10.11%

Gate News Bot Message, December 24th, according to CoinMarketCap data, as of press time, ZKC (Boundless) is currently priced at $0.11, up 10.11% in the past 24 hours, with a high of $0.11 and a low of $0.09. The current market cap is approximately $24.3 million, an increase of $2.23 million from yesterday.

Boundless is a protocol for accessing any on-chain verifiable computation, providing rewards to nodes that contribute useful work through the Proof of Verifiable Work mechanism. The protocol offers a flexible rollup framework that can upgrade to Zero-Knowledge (ZK) Rollups within hours, enabling faster transaction finality and stronger security. Boundless has officially launched its mainnet, supporting staking features, and has received support from major blockchains such as Ethereum Foundation, EigenLayer, Polygon, Optimism, Arbitrum, and Base. It aims to provide solutions for DeFi Rollups, Application Verification Services (AVS), and oracle scenarios.

Important Recent News about ZKC:

1️⃣ Network Fully Decentralization Phase Initiated The shutdown of Risc Zero’s official hosted proof service marks the beginning of a new phase of full decentralization for the Boundless network. Proof requests are now handled by independent nodes within the Boundless network instead of centralized third-party services, aligning the proof mechanism with the blockchain’s resilience and neutrality features, enhancing the network’s autonomy and reliability.

2️⃣ Open Proof Market Competition Mechanism Optimization Through mechanisms like Verifiable Proof of Work (PoVW), Boundless has created a highly competitive proof marketplace environment. Independent nodes are rewarded based on actual computational work, incentivizing proof providers to improve efficiency and reduce costs, enabling all connected chains to access more efficient and user-friendly zero-knowledge proof services, thereby strengthening the network’s economic incentives.

3️⃣ Strengthening the Position of General ZK Proof Market As a universal ZK proof infrastructure for multi-chain and applications, Boundless’s decentralization upgrade consolidates its core position in cross-chain scalability and interoperability, providing a more open and trustworthy foundational layer for scenarios such as DeFi Rollups and Application Verification Services.

This message is not investment advice; please be aware of market volatility risks.