Karak uses Space and Time, its coprocessor with zero knowledge solution, to drive the distrustless cutting and rewards of its Distributed Secure Services.
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DSSs and ZK Proofs
Space and Time, a decentralized database warehouse that serves as an verifiable computing layer for artificial intelligence and blockchain applications. This platform provides a scaleable zero-knowledge solution (ZK), which is vital for smart contracts, enterprise language models and large languages.
Karak plans to use this technology in its DSS. It uses re-staked assets for security, as well as zero-knowledge processors, data availability marketplaces, and coprocessors. Space and Time’s quick on-chain verifications help developers quickly create and deploy DSSs.
Space and Time has also developed its own own Karak’s distributed secure service will enhance its ZK-compatible platform indexing. The Space and Time Community will be able to operate indexing nodes.
Coinbase, Pantera Capital and Karak back Karak
Coinbase, Pantera Capital and other investors have backed Karak. The company recently raised $48M in a series A round, valued at $1 Billion. The money will be spent to speed up the development of Karak’s Universal Security Layer for Ethereum and a broader crypto-community. Karak’s goal is to develop a restaking universal layer which integrates all assets and networks in the crypto-economy, globally.
“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 wrote On X.
Karak partners include Swell.fi., Renzo., Kelp. and Puffer Finance.
Wormhole, the platform’s first DSS, was launched in Karak. It has since expanded to include native stakes on Maker (MKR).
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Source: crypto.news