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Singapore, Singapore, Could third, 2023, Chainwire
zkLink, a multi-chain buying and selling middleware using zero-knowledge proofs, proclaims the primary “Dunkirk Check”, a brand new DeFi security commonplace, on Could 11-13. Throughout this occasion, zkLink will shut down its servers for 72 hours, inviting customers to attempt the emergency asset restoration characteristic, and earn rewards for participating within the check.
“The Dunkirk Check is sort of a hearth drill for crypto customers. We’ll simulate a sudden shutdown of the zkLink infrastructure, in order that customers can learn to get well their belongings,” mentioned Vince Yang, co-founder of zkLink. “We consider the ‘Dunkirk Check’ may set a brand new benchmark for security within the crypto trade. It’s unacceptable that billions of {dollars} are misplaced annually on account 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 Could 11 at 12pm Singapore time, throughout which customers can go to a restoration node and withdraw their belongings again to their wallets.
Considered one of zkLink’s ecosystem dApps, ZKEX.com, can even participate within the shutdown check.
To take part within the Dunkirk occasion, customers ought to first be part of the marketing campaign on Galxe.com, then commerce on the ZKEX.com testnet utilizing free check tokens till Could 10, the day earlier than the shutdown.
“The ZKEX group is constructing what we hope is the most secure omni-chain DEX within the trade. So to show it, we’re becoming a member of zkLink in shutting down entry to our buying and selling platform to show customers gained’t expertise one other CeFi-like loss with us,” mentioned Balal Khan, co-founder of ZKEX. “Consider this as a pretend rug pull with a contented ending, giving peace of thoughts that crypto merchants have possession and management of their belongings 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 non-public 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 technology of decentralized buying and selling merchandise akin 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 belongings and liquidity from completely different chains and provide 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 Check’
Impressed by the historic evacuation from the seashores of Dunkirk, the zkLink Dunkirk Check serves two crucial functions: boosting person confidence in zkLink system safety and selling the adoption of the Dunkirk Check as an trade commonplace for absolute fund safety.
On this first check, the zkLink protocol will shut down for 3 days, permitting customers to get well their belongings from both a hosted or self-hosted restoration node. Asset balances might be rebuilt from all related blockchains, and withdrawn again to customers’ wallets, giving peace of thoughts that person funds are really self-custodial.
Plenty of companions have dedicated to run restoration nodes for customers throughout the Dunkirk shutdown interval, specifically Alliance DAO, Ascensive Belongings, 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 study extra about zkLink, observe zkLink on:
Web site | Twitter | Discord | Brand
Contact
zkLink Advertising Staff[email protected]
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