Electron’s ZK Light Clients will Strengthen Hashi
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Across the cross-chain bridges, a significant challenge has always emerged large — our reliance on trusting a critical piece of information- Block Headers.
Block Headers play a crucial role in determining whether a particular transaction has been successfully mined on another chain. The correctness of this information is vital for the liveness and security of ALL cross-chain transactions.
What is Hashi?
With over $11.138 billion in TVL (source) at stake, the cross-chain bridges face high risks tied to the centralized approach to receive Block Headers data. This is where Hashi comes into play.
Hashi is designed to address this issue by aggregating EVM Hash Oracles and providing a new decentralized approach to cross-chain bridge security. Hashi abstracts the Block Header layer from the bridge architecture so that bridges don’t have to manage their own Block Header oracles. Instead, they can relay this information from the Hashi aggregator. When there is a conflict between Oracles, a governance setup can be employed to resolve these issues. The key advantage of using Hashi is that it eliminates the need to place trust in a single source of data for fetching Block Headers.
A ZK Oracle For Hashi
Electron is contributing to this vision by integrating its ZK Light Client into Hashi, it’s the same technology that powers Electron ZK Bridge. This will enhance security of the bridge infrastructure, making it more robust, resilient for cross-chain transactions and harder to manipulate Block Header data.
This integration enables the zero-knowledge proofs to send/receive Block Headers data without putting trust into anyone, thereby strengthening the overall security of all cross-chain transactions. With Electron’s ZK Light Clients at the core, users can have increased confidence in the validity of transactions through bridges.
Collaboration with GnosisDAO
Working hand in hand with the Hashi and Gnosis DAO teams for integration, Electron will be extending its ZK Light Clients to provide Block Header data to Hashi’s AMB in a trustless manner. The collaboration represents a collective effort to elevate the standards of decentralization across chain infrastructure and we are very excited to work with them.
About GnosisDAO
GnosisDAO builds decentralized infrastructure for the Ethereum ecosystem. As a DAO, Gnosis uses the products that it creates to transparently guide decisions on the development, support, and governance of its ecosystem.
Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) are all products incubated by Gnosis.
Today, the GnosisDAO is focused on the Gnosis Chain, an EVM-based Layer 1 utilizing PoS consensus. Gnosis Chain utilizes a dual token model unlike similar EVM chains. On Gnosis Chain GNO token is used to secure the consensus layer while xDai is used as the gas token.
Gnosis Pay, the most recent product offering, is a decentralized payment network allowing web3 developers to integrate with a range of traditional payment schemes including Visa. The Gnosis Card is a Visa-certified self-custodied consumer debit card directly connected to an onchain wallet instead of a traditional bank account, built on the Gnosis Pay decentralized payment network.
By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem.
About Electron
Electron is building a ZK compression engine for Consensus protocols. We are live on mainnet, and have multiple partnerships including NEAR, Hyperlane, Router protocol, Archway, Kadena and Cysic. We have pioneered ED25519 circuits and ZK light clients. We are also live on Ethereum and Near mainnet where users can send assets through our zkBridge.
