Singapore, Singapore, Might 3, 2023, Chainwire
zkLink, a multi-chain buying and selling middleware utilizing zero-knowledge proofs, declares the primary “Dunkirk Take a look at”, a brand new DeFi safety commonplace, from Might 11-13. Throughout this occasion, zkLink will shut down its servers for 72 hours, inviting customers to strive the emergency asset restoration function and earn rewards for taking part within the take a look at.
“The Dunkirk take a look at is sort of a fireplace drill for crypto customers. We are going to simulate a sudden shutdown of the zkLink infrastructure, so customers can discover ways to get well their belongings,” mentioned Vince Yang, co-founder of zkLink. “We consider the ‘Dunkirk Take a look at’ might set a brand new benchmark for safety within the crypto business. It’s unacceptable that billions of {dollars} are misplaced annually as a consequence of custody fraud or exploits. cross-chain bridges, so we encourage different DeFi protocols to carry out the identical take a look at to show self-custody of person funds.
The Dunkirk shutdown interval begins Might 11 at 12:00 p.m. Singapore time, throughout which customers can go to a restoration node and withdraw their belongings to their pockets.
Certainly one of zkLink’s ecosystem dApps, ZKEX.com, may also take part within the shutdown take a look at.
To take part within the Dunkirk occasion, customers should first be a part of the marketing campaign on Galxe.com after which commerce on the ZKEX.com testnet utilizing free take a look at tokens till Might 10, the day earlier than the shutdown.
“The ZKEX staff is constructing what we hope would be the most safe omni-chain DEX within the business. So to show it, we’re becoming a member of zkLink to close down entry to our buying and selling platform to show that customers is not going to expertise one other CeFi-like loss with us,” mentioned ZKEX Co-Founder Balal Khan. . “Consider it as a false rug with a cheerful ending, which supplies 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 software has been launched on Github, permitting anybody to obtain and run a personal restoration node for withdrawing funds.
The zkLink mainnet launch is scheduled for summer season 2023, shortly after the Dunkirk take a look at.
For extra info on the Dunkirk asset restoration take a look at, go to zk.hyperlink/dunkirk
About zkLink
zkLink is a safe multi-chain buying and selling infrastructure with zk-SNARKS, enabling the following era of decentralized buying and selling merchandise akin to DEX order e book, NFT markets, amongst others.
By connecting varied L1 blockchains and L2 networks, zkLink’s unified and versatile ZK-Rollup middleware allows builders and merchants to leverage aggregated belongings and liquidity from completely different chains and ship a seamless multi-chain buying and selling expertise, contributing to a extra accessible and environment friendly DeFi ecosystem for all.
Concerning the “Dunkirk Take a look at”
Impressed by the historic Dunkirk Seaside Evacuation, the zkLink Dunkirk take a look at serves two key functions: to construct person confidence within the safety of the zkLink system and to advertise the adoption of the Dunkirk take a look at as an business commonplace for safety. absolute funds.
On this first take a look at, the zkLink protocol will shut down for 3 days, permitting customers to get well their belongings from a hosted or self-hosted restoration node. Asset balances will likely be rebuilt from all linked blockchains and withdrawn into customers’ wallets, giving them peace of thoughts that customers’ funds are really self-custodial.
Quite a few companions have dedicated to operating restoration nodes for customers in the course of the Dunkirk shutdown, specifically Alliance DAO, Ascensive Property, BitEye, Bware Labs, CyberConnect, Kepler-428 DAO, Meria, Morningstar Ventures , Republic Crypto, Secure3, Smrti Labs, TokenInsight, Unipass and Verilog.
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zkLink Advertising and marketing Staff
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