Singapore, Singapore, Might third, 2023, Chainwire
zkLink, a multi-chain buying and selling middleware using zero-knowledge proofs, publicizes the primary “Dunkirk Take a look at”, a brand new DeFi security commonplace, on Might 11-13. Throughout this occasion, zkLink will shut down its servers for 72 hours, inviting customers to strive the emergency asset restoration characteristic, and earn rewards for collaborating within the check.
“The Dunkirk Take a look at is sort of a fireplace drill for crypto customers. We’ll simulate a sudden shutdown of the zkLink infrastructure, in order that customers can discover ways to recuperate their property,” stated Vince Yang, co-founder of zkLink. “We consider the ‘Dunkirk Take a look at’ may set a brand new benchmark for security within the crypto business. It’s unacceptable that billions of {dollars} are misplaced every year as a result of custody fraud or cross-chain bridge exploits, so we encourage different DeFi protocols to conduct the identical check to show self-custody of person’s funds.”
The Dunkirk shutdown interval begins on Might 11 at 12pm Singapore time, throughout which customers can go to a restoration node and withdraw their property again to their wallets.
One in all zkLink’s ecosystem dApps, ZKEX.com, may even participate within the shutdown check.
To take part within the Dunkirk occasion, customers ought to first be a part of the marketing campaign on Galxe.com, then commerce on the ZKEX.com testnet utilizing free check tokens till Might 10, the day earlier than the shutdown.
“The ZKEX group is constructing what we hope is the most secure omni-chain DEX within the business. So to show it, we’re becoming a member of zkLink in shutting down entry to our buying and selling platform to reveal customers received’t expertise one other CeFi-like loss with us,” stated Balal Khan, co-founder of ZKEX. “Consider this as a pretend rug pull with a cheerful ending, giving peace of thoughts that crypto merchants have possession and management of their property always, even when zkLink is down, or ZKEX.com disappears.”
Along with fourteen companions internet hosting restoration nodes, zkLink’s open-source asset restoration app has been launched on Github, enabling anybody to obtain and run a personal restoration node for fund withdrawal.
The mainnet launch of zkLink is deliberate for summer season 2023, quickly after the Dunkirk check.
For extra details about the Dunkirk asset restoration check, go to zk.hyperlink/dunkirk
About zkLink
zkLink is a multi-chain buying and selling infrastructure secured with zk-SNARKS, empowering the subsequent era of decentralized buying and selling merchandise similar to order guide DEX, NFT marketplaces, amongst others.
By connecting varied L1 blockchains and L2 networks, zkLink’s unified, multi-purpose ZK-Rollup middleware permits builders and merchants to leverage aggregated property and liquidity from totally different chains and supply a seamless multi-chain buying and selling expertise, contributing to a extra accessible and environment friendly DeFi ecosystem for all.
In regards to the ‘Dunkirk Take a look at’
Impressed by the historic evacuation from the seashores of Dunkirk, the zkLink Dunkirk Take a look at serves two vital functions: boosting person confidence in zkLink system safety and selling the adoption of the Dunkirk Take a look at as an business commonplace for absolute fund safety.
On this first check, the zkLink protocol will shut down for 3 days, permitting customers to recuperate their property from both a hosted or self-hosted restoration node. Asset balances will probably be rebuilt from all related blockchains, and withdrawn again to customers’ wallets, giving peace of thoughts that person funds are actually self-custodial.
A lot of companions have dedicated to run restoration nodes for customers in the course of the Dunkirk shutdown interval, particularly Alliance DAO, Ascensive Property, BitEye, Bware Labs, CyberConnect, Kepler-428 DAO, Meria, Morningstar Ventures, Republic Crypto, Secure3, Smrti Labs, TokenInsight, Unipass, and Verilog.
To remain up to date and be taught extra about zkLink, comply with zkLink on:
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Contact
zkLink Advertising Staff
zklinkteam@zklink.org
