Golden Gate ZK Precompiles: Revolutionizing Cost Reduction by 1000X

FOR IMMEDIATE RELEASE. Golden Gate, a groundbreaking interchain infrastructure protocol, addresses the challenges of interchain communication and liquidity transfer that have been persistent in other smart contract L1s and L2s within the Web3 industry. This innovative solution from Golden Gate is built on two foundational elements: 1) Protocol-agnostic communications, facilitating message passing across major standards like IBC, XCMP, and LayerZero, and 2) a Hybrid Virtual Machine, designed specifically for cross-chain applications, supporting EVM, WASM, and their associated tooling. The hybrid virtual machine plays a crucial role not only in enabling native cross-chain applications but also in powering novel zero-knowledge-based applications and DeFi infrastructure. Developers interested in building natively cross-chain can currently access GGX’s public TestNet.

Hybrid VM + Protocol Agnostic Communication Use Cases

Golden Gate’s native programmability combined with its protocol-agnostic cross-chain communications unlocks new possibilities for next-generation DeFi applications that were previously unattainable in other ecosystems. The seamless deployment of these applications across chains becomes a reality with Golden Gate’s unique characteristics. Several stealth projects focusing on novel DeFi applications are already leveraging Golden Gate’s cross-chain support and programmability. Moreover, Golden Gate extends its capabilities by providing native support for zero-knowledge programs within its virtual machine.

ZK Precompiles: Critical Infrastructure

Golden Gate’s optimized Hybrid VM incorporates EVM-based precompiles for zero-knowledge proof systems. Specifically, precompiles for widely used and tested ZK proof primitives like Groth16 and Plonk are included. With first-class support for zero-knowledge programs, Golden Gate enables efficient on-chain deployment, reducing gas costs associated with their usage by up to 1000X. This significant reduction in gas costs makes on-chain zero-knowledge verification practical, effectively transforming Golden Gate into a zero-knowledge-focused layer one blockchain with inherent interoperability properties offered by its communication protocol-agnostic architecture. Consequently, Golden Gate’s ZK precompiles expand the realm of potential use cases, alongside the next-generation cross-chain DeFi applications mentioned earlier.

Scalability and Privacy

Zero-knowledge technology plays a vital role in addressing two crucial aspects of crypto networks: scalability and privacy. Scalability challenges faced by blockchains can be mitigated with verifiable off-chain computation facilitated by zero-knowledge rollups, a concept that has gained significant attention and investment over recent years. Additionally, permissionless blockchains, by nature, lack privacy due to their transparent nature. Zero-knowledge technology now enables scalable and private computation, allowing systems and applications to overcome these limitations. However, Ethereum and the EVM were developed before the advancement of ZK technology, lacking the foresight to include precompiled proof systems in the EVM. Golden Gate fills this gap by natively incorporating zero-knowledge precompiles within its virtual machine, streamlining the deployment of various ZK use cases such as zk-rollups, decentralized private exchanges, voting, and other privacy-preserving technologies. The combination of zero-knowledge precompiles and Golden Gate’s communication protocol-agnostic architecture unlocks new possibilities, including cross-chain dark pools and broader interoperability among ZK apps. As Golden Gate gains traction, it paves the way for scaling the network with ZK rollups and constructing application-specific Layer 2 solutions that inherit Golden Gate’s properties. Notably, Golden Gate’s support for numerous protocol messaging standards, including IBC, LayerZero, and XCMP, eliminates developer constraints regarding where to build.

Golden Gate’s strategic position

Golden Gate stands at the forefront of several significant trends, including interoperability, programmability, and zero-knowledge verification, further enhancing the value proposition of its burgeoning ecosystem. To learn more and get involved in their TestNet, join Golden Gate’s Discord or follow them on Twitter.

ABOUT GOLDEN GATE

Golden Gate (GGX) is an interchain infrastructure that enables protocol-agnostic cross-chain communications and liquidity routing while prioritizing comprehensive security architecture. Functioning as a next-generation programmable layer 0, Golden Gate incorporates an embedded hybrid virtual machine and advanced DeFi orchestration capabilities, providing critical infrastructure for the emerging “Internet of Blockchains” within the Web3 ecosystem. The Golden Gate project is developed by a team with extensive experience in building key components of the industry’s initial fragmented infrastructure. Their mission is to bring frictionless composability and enhanced security standards to Web3.

Contact Details
Golden Gate
Lisa Loi
[email protected]

What is Golden Gate and what problem does it solve?

Golden Gate is an interchain infrastructure protocol that addresses the challenges of interchain communication and liquidity transfer within the Web3 industry. It solves the problem of seamless cross-chain communication and enables efficient transfer of assets between different smart contract platforms.

What are the key features of Golden Gate?

Golden Gate offers two central features: protocol-agnostic communications and a Hybrid Virtual Machine. The protocol-agnostic communications allow for message passing across major standards like IBC, XCMP, and LayerZero. The Hybrid Virtual Machine serves as a programmable Layer 0 specifically designed for cross-chain applications, supporting the EVM, WASM, and their supported tooling.

How does Golden Gate enable native cross-chain applications?

Golden Gate’s Hybrid Virtual Machine, combined with its protocol-agnostic communications, enables the deployment of native cross-chain applications. It provides developers with the necessary tools and infrastructure to build and deploy next-generation DeFi applications that can seamlessly operate across different blockchains.

What is the significance of Golden Gate’s Hybrid Virtual Machine?

Golden Gate’s Hybrid Virtual Machine is critical for unlocking the potential of cross-chain applications. It supports both the EVM and WASM, allowing developers to leverage existing tooling and programming languages. The Hybrid Virtual Machine facilitates the interoperability of applications and enables the development of novel zero-knowledge-based applications and DeFi infrastructure.

How do ZK precompiles contribute to Golden Gate?

Golden Gate’s optimized Hybrid Virtual Machine incorporates precompiles for zero-knowledge proof systems such as Groth16 and Plonk. These precompiles provide native support for zero-knowledge programs, making it easier and more efficient to deploy on-chain zero-knowledge verification. This reduces gas costs associated with zero-knowledge proof usage by up to 1000X, making it practical for various use cases.

What are some potential use cases enabled by Golden Gate’s ZK precompiles?

Golden Gate’s ZK precompiles open up new possibilities for scalable and private computation. It allows for the implementation of zero-knowledge rollups, decentralized private exchanges, voting systems, and other privacy-preserving technologies. Golden Gate’s communication protocol-agnostic architecture also enables cross-chain dark pools and broader interoperability among zero-knowledge applications.

How does Golden Gate contribute to scalability and privacy in crypto networks?

Golden Gate addresses scalability challenges by leveraging zero-knowledge technology for verifiable off-chain computation, such as zero-knowledge rollups. Additionally, it provides a solution for privacy considerations in public blockchains. The inclusion of zero-knowledge precompiles within the Golden Gate Virtual Machine allows for scalable and private computation, overcoming transparency constraints and enhancing privacy within the ecosystem.

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4 comments

User123 June 3, 2023 - 2:29 am

Wow, this Golden Gate thing sounds amazing! Solving interchain communication and liquidity issues? That’s what we need in the Web3 industry! Can’t wait to see how it revolutionizes DeFi and reduces costs by a whopping 1000X!

Reply
CryptoNerd22 June 3, 2023 - 2:29 am

Hey, did you hear about Golden Gate’s hybrid virtual machine? It’s like a game-changer, man! They got this ZK precompiles thing going on, reducing gas costs by 1000X! That means more scalability and privacy for Ethereum and other blockchains. Impressive stuff!

Reply
BlockchainEnthusiast June 3, 2023 - 2:29 am

Golden Gate is paving the way for cross-chain applications and interoperability. With their protocol-agnostic communications and support for zero-knowledge proof systems, we can finally unleash the full potential of DeFi and unlock new use cases. Can’t wait to dive into their TestNet and explore the possibilities!

Reply
TechGeek101 June 3, 2023 - 2:29 am

Golden Gate’s approach to scalability and privacy is on point! Zero-knowledge technology and their optimized virtual machine make it possible to achieve scalable and private computation. Finally, we can address the limitations of transparency in permissionless blockchains. This is a game-changer, my friends!

Reply

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