KR1 invests $200K in zero-knowledge proofs service Starks Network

KR1 invests $200K in zero-knowledge proofs service Starks Network

KR1, a crypto & blockchain asset investment company, at present introduced its newest funding with the corporate investing a complete of USD $200,000 within the Starks Network (STN) project. KR1 took half in Stark’s seed funding spherical, which was led by IOSG Ventures and Hypersphere Ventures.

Project: Starks Network

Starks Network allows computation and evaluation of private information with out sending them to 3rd events, stopping personal information from being stolen or misused.

The Starks Network allows a novel method of Self-Sovereign Data and Self-Proving Computation and makes use of a zk-STARK primarily based digital machine for general-purpose computations, offering Zero-Knowledge Proofs as a Service (ZKPaaS) to different parachains in Polkadot or Kusama. As such, the community may grow to be a spine as a confidential computation infrastructure for the ecosystem sooner or later.

“Starks is a research-driven challenge popping out of academia and we’re excited to help such a talented crew on their mission to convey information securely into blockchain purposes whereas preserving customers’ privateness. This opens up new alternatives and can assist push the event of the blockchain house ahead.”
– George McDonaugh, Managing Director and Co-Founder of KR1

Published at Wed, 17 Mar 2021 17:55:31 +0000