Yeliz Akmaca 
zkVerify (VFY) is a public, decentralized, high-performance Layer 1 blockchain dedicated to the verification of zero-knowledge proofs (ZKProofs). Its goal is to optimize costly, slow, and limited verification processes for ZK-rollups and ZK-based applications.
On general-purpose networks like Ethereum, verifying a single ZK proof can consume 200,000–300,000 gas and cost between $20–60 during peak times. zkVerify takes on this burden, providing a cheap, fast, and scalable verification layer for multiple networks.
Team & Development
- Developer: Ellipsis Distributed Systems
- Lead Contractor: Horizen Labs
- Designed to solve rising verification costs and EVM limitations with the growth of ZK-rollups.
Partnerships
- Horizen – Strategic collaboration
- Base (Coinbase’s L2 solution) – One of the first major integrations
- Additional: Developer competitions, grants, and community incentives support the ecosystem.
Project Idea and Purpose
The project’s core idea is solving the cost and complexity issues of ZK proof verification. As ZK-rollups and ZK technology expand, affordable and reliable proof verification becomes critical.
Main Goals of zkVerify:
- Lower Verification Costs: Reduce costs by over 90% compared to Ethereum and stabilize them against gas volatility.
- Proof System Independence: Directly verify multiple ZK proof systems (STARK, Groth16, Plonky2) without conversion.
- Universal Verification Layer: Offer seamless, cross-chain verification across ecosystems like Ethereum, Solana, and more.
How It Works (Technical Innovation and Difference)
- Dedicated Modular L1: A blockchain focused solely on ZK proof verification with its own consensus and security.
- Proof-Agnostic Architecture: Compatible with Fflonk, Groth16, Plonky2, and easily expandable to new proof systems via runtime upgrades.
- High Performance: Millisecond-level verification without competition from other transaction types.
- Workflow: Accepts user-generated ZK proofs, verifies them, and records both proof and result on-chain.
Objectives and Solutions
- Native verification for STARK and SNARK without conversion.
- Multi-chain compatibility: Ethereum, Solana, Bitcoin L2s, etc.
- Up to 90% savings on verification fees.
- Millisecond-level scalability.
Governance
- VFY holders can vote on:
- Network upgrades
- Protocol changes
- Adding new proof types
Roadmap
- May 2024: First testnet launch
- Sept 2024: Community & developer testing
- Q1 2025: Volta permanent testnet, staking, governance
- June 2025: Horizen partnership + Base integration
- July 2025: 1M verification transactions completed
- September 30, 2025 – VFY token will be listed on Binance Alpha and Binance Futures.
VFY Token
- Name: zkVerify (VFY)
- Total Supply: 1,000,000,000 VFY
- Max Supply: 1,000,000,000 VFY
- Circulating Supply: 331,190,000 VFY
Utilities:
- Transaction fees for verification
- Staking for validator security
- Governance voting
- Incentives: developer grants, hackathons, community rewards
Distribution
- Community: 373,064,875 VFY (37.3%)
- Foundation: 330,635,125 VFY (33.1%)
- Core Contributors: 196,300,000 VFY (19.6%)
- Investors: 100,000,000 VFY (10%)
- Unlock schedules are gradual with monthly releases post-TGE.
Ecosystem & Use Cases
- Multi-chain compatibility: Single verification layer for Ethereum, Solana, Bitcoin L2s
- AI Security: Proofs for AI models (deepfake prevention, data provenance)
- Privacy Regulations: GDPR/CCPA-compliant proofing without leaking PII
- ZK Applications & Rollups: Offload heavy verification to zkVerify for speed and cost reduction
Key Features
- Modular L1 dedicated to ZK verification
- Proof-agnostic: Groth16, Plonky2, Fflonk, STARK, RISC0, UltraPlonk supported
- 90%+ cheaper than Ethereum
- Millisecond verification speeds
- Future-proof with runtime upgrades
Official Links
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