Draft:Polyhedra network
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Polyhedra Network
[edit]Polyhedra Network is a blockchain infrastructure project focused on zero-knowledge (ZK) proof technologies. Founded in 2022 by Tiancheng Xie and James Zhang, the project aims to build scalable, secure, and privacy-preserving Web3 protocols."Polyhedra Network Overview". Messari. Retrieved 2025-07-17.
History
[edit]The company was founded in 2022 by Tiancheng Xie and James Zhang, who met while studying zero-knowledge proofs during their doctoral programs."Polyhedra Network Profile". Crunchbase. Retrieved 2025-07-17.
Technology
[edit]Polyhedra Network develops cryptographic protocols based on zero-knowledge proofs. Its major products include:
- zkBridge, a cross-chain interoperability protocol using ZK proofs to verify messages and data between different blockchains without trusted intermediaries.
- zkLightClient, a minimal trustless light client for verifying blockchain state across chains.
- zkDID, a decentralized identity protocol built on ZK technology.
These technologies aim to address challenges in blockchain scalability, interoperability, and privacy."Polyhedra Network Buyback Plan". CoinDesk. Retrieved 2025-07-17.
ZKJ Token
[edit]The native utility token of the platform is ZKJ. It is used for transaction fees, governance, and staking within the Polyhedra Network ecosystem. As of mid-2025, ZKJ is available on multiple exchanges including Binance, OKX, KuCoin, Gate.io, MEXC, Bybit, BingX, and Crypto.com. It is also supported on platforms like Revolut."ZKJ Token Listing". CoinMarketCap. Retrieved 2025-07-17.
In June 2025, Polyhedra experienced a liquidity crisis following an 80% drop in the token's price, which the team attributed to a series of liquidity attacks. The company responded by announcing a token buyback plan to support market stability."Polyhedra Blames Liquidity Attacks". CoinDesk. Retrieved 2025-07-17.
See Also
[edit]- Zero-knowledge proofs
- Blockchain interoperability
- Decentralized identity