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Karak Integrates Space and Time to Power Trustless Rewards
By using Zero-Knowledge‑coprocessor as its zero-knowledge computing unit to guarantee the trustless slashing and rewards of the Distributed Secure Services, Karak acquires digital autographs of users from two different distributed networks.
Enhanced Security for Decentralized Services
Space-Time is a binary contract that is more secure for a specific blockchain, multisig wallets, and decentralized storage IPFs in superpositions. The technology is based on Homomorphic Encryption and can work with other proof systems, e.g. Sigma protocols or Bulletproofs. The most basic use case is Zero-Knowledge Proofs (ZKPs) for blockchains while the other examples are to reveal things a provable way while hiding their details or allow zk -chains run on the blockchain.
A ZK Proofs Solution for DSSs
Space and Time is a decentralized data warehouse that works as a verifiable compute layer for blockchain and AI applications. The platform’s approach is a scalable zero-knowledge (ZK) proofs solution which is critical for smart contracts, large language models, and enterprises.
The intention of Karak is to harness the latest technological innovations for building DSS, the restaking-based infrastructure, followed by the data marketplaces, and zero-knowledge coprocessors. Fast on-chain proofs Space and Time provides allow developers the speed of developing and deploying the distributed secure solutions.
Space and Time is also developing its own distributed secure service with Karak in mind, which should help the platform with its existing ZK-compatible indexing solution. The Space and Time Community would be able to run indexing nodes.
Support from Coinbase and Pantera Capital
Karak, a company that has recently raised $48 million in an A series of funding with a valuation of a billion dollars, has received support from Coinbase and Pantera Capital. The funds will be used to speed up Karak’s extension of security for the entire crypto community and Ethereum. Karak’s primary goal is to develop a universal re-staking layer that will trade in the global crypto market integrating all assets and all blockchains.
“Most of the assets are less costly than ETH, which means that DSS has an easier and far better way to achieve sustainable yields. In the situation where ETH is the only asset, a DSS has to outcompete many other yield opportunities with a new and novel risk profile,” Karak stated, which is a case in point of X.
Expanding the Restaking Ecosystem
Swell, ether.fi, Renzo, Kelp, and Puffer Finance are partners to Karak in this ecosystem.
Wormhole was the pioneer DSS on Karak. The same platform extended its solution to provide native staking for Maker (MKR) just a few days ago.
