A coalition of 32 leading companies, foundations, and funds have joined forces to launch ZPrize, an industry-sponsored contest offering $7 million in prizes to accelerate zero-knowledge cryptography.
Modeled after the famous XPrize competitions that used private contributions to fuel advances in spaceflight and ocean health, ZPrize will see teams compete for awards by engineering new algorithms and techniques to advance existing zero-knowledge systems.
Big names unite for zero-knowledge tech
ZPrize was created to support the development necessary to extend the future of blockchain and accommodate more mainstream use cases for the technology.
Alex Pruden, the COO of Aleo and the founder of the ZPrize Initiative, told CryptoSlate that the contest would provide the industry with the foundation it needs to scale into the mainstream. According to Pruden:
“The goal of the ZPrize is to spur a quantum leap in zero-knowledge cryptography that so many Web3 protocol and application developers
We współpracy z: https://cryptoslate.com/do-not-post-leading-web3-companies-launch-7-million-challenge-to-advance-zero-knowledge-technology/
