Karak is leveraging Space and Time as its zero-knowledge coprocessor solution to enhance trustless slashing and rewards for its Distributed Secure Services (DSS). The multi-chain restaking platform announced that integrating Space and Time will provide a critical security layer for decentralized services within its ecosystem. Built on Ethereum, Karak is a layer-2 project designed to bolster user protection through universal security.

A ZK Proofs Solution for DSSs

Space and Time is a decentralized data warehouse that serves as a verifiable compute layer for blockchain and artificial intelligence applications. The platform offers a scalable zero-knowledge (ZK) proofs solution, essential for smart contracts, large language models, and enterprises. Karak will utilize this technology for its DSS, which uses restaked assets to ensure security for various providers, including data availability marketplaces and zero-knowledge coprocessors. Space and Time’s rapid on-chain proofs enable developers to quickly build and deploy DSSs.

Additionally, Space and Time is developing its own distributed secure service on Karak, aimed at enhancing the platform’s ZK-compatible indexing solution. This will allow the Space and Time community to run indexing nodes, further strengthening the ecosystem.

“Many assets have lower opportunity costs versus ETH, meaning the Distributed Secure Service (DSS) has an easier and much more viable path to sustainable yields. In an ETH-only environment, a DSS has to compete against every ETH yield opportunity with a new, novel risk profile,” Karak mentioned on X.

Significant Backing and Funding

Karak recently raised $48 million in a Series A round at a $1 billion valuation, backed by Coinbase and Pantera Capital. The funds will be used to accelerate the development of Karak’s universal security layer for Ethereum and the broader crypto community. Karak aims to create a universal restaking layer that integrates the global crypto economy, including every asset and blockchain network.

Karak’s partners in the restaking ecosystem include Swell, ether.fi, Renzo, Kelp, and Puffer Finance. Wormhole was the first DSS on Karak, while the platform recently expanded its solution to offer native staking for Maker (MKR).

For more updates on the latest developments in the cryptocurrency space, keep exploring Global Crypto News.

Post Views: 4