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 

• Website
• Twitter
• Telegram

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