Polyhedra Network is building tools for Web3, focusing on making different systems work together better, handle more users, and keep information private using advanced Zero-knowledge proof (ZKP) technology.
What is Polyhedra
Here's how it works:
- Interoperability and Privacy: Uses ZKP to move assets and information safely and privately across different online systems, both traditional (Web2) and blockchain-based (Web3).
- Innovative Protocols: Has launched new protocols like zkBridge and zkDID. zkBridge helps with transferring data and assets between systems, and zkDID keeps user identities private while verifying their information.
- Scalability Solutions: Introduces paraPlonk-based technology to make ZK-rollups faster, helping blockchain networks handle more transactions without slowing down.
In summary, Polyhedra Network is enhancing how different internet systems interact, focusing on security, privacy, and efficiency, making it easier for users to manage their digital assets and identities.
Team of Polyhedra
James Zhang
Co-founder
James Zhang, co-founder of Polyhedra Network.
James Zhang has a diverse background with experiences at reputable institutions and companies. He is an MPA candidate at Harvard and an MBA graduate from MIT. He has held positions at Splunk, Rakuten, Walmart, and also served as a mentor at Techstars.
Funding of Polyhedra
$15,000,000
Series A
Led by Polychain Capital. Other investors are: Sparkle Ventures, Hashkey Capital, ABCDE Capital, Arcane Group, NGC Ventures, Foresight Ventures, KuCoin Ventures.
$10,000,000
Strategic round
Led by Binance, Polychain Capital. Other investors were Animoca Brands, dao5.
Polyhedra review
Pros
Easily Grows
Polyhedra Network can grow to support more data and users, making it great for big projects.
Fast Processing
It's made to work quickly, handling data efficiently for speedy results.
Error Resistant
Designed to keep working even when problems happen, ensuring reliability.
Works Together
Polyhedra connects different Web3 systems securely, without needing extra trust.
Private & Compliant
Offers detailed privacy options, balancing secrecy with rules.
Cons
Security Risks
As with all online systems, there's a chance of security issues.
Competition Threats
With many rivals, there's a risk Polyhedra might become less relevant over time.