{"id":10238,"date":"2024-01-22T15:25:07","date_gmt":"2024-01-22T15:25:07","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10238"},"modified":"2024-01-23T15:11:52","modified_gmt":"2024-01-23T15:11:52","slug":"what-is-polyhedra-network-what-are-its-advantages","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-polyhedra-network-what-are-its-advantages\/","title":{"rendered":"What is Polyhedra Network? What are its advantages?"},"content":{"rendered":"<p data-sourcepos=\"5:1-5:326\"><span class=\"citation-0 citation-end-0\">Polyhedra Network is building the next generation infrastructure for Web3 interoperability, scalability, and privacy through advanced <strong>zero-knowledge proof (ZKP)<\/strong> technology.<\/span> Polyhedra Network provides reliable and high-performance interoperability solutions for asset transfers, message passing, and data sharing between various <strong>Web2<\/strong> and <strong>Web3<\/strong> systems.<\/p>\n<blockquote>\n<p data-sourcepos=\"5:1-5:326\">You might like: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-the-nibiru-nibi-project-and-what-does-it-do\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong><em>What is the Nibiru (NIBI) Project and What Does It Do?<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:233\"><strong>ZkBridge<\/strong> is a new generation bridge system that can perform transactions faster and cheaper than other bridge dApps. Transactions from Cosmos to Ethereum, for example, can be sent in 2 minutes and at a lower cost, according to tests.<\/p>\n<p data-sourcepos=\"7:1-7:212\">Polyhedra zkBridge was founded to enable <strong>Layer 1<\/strong> and <strong>Layer 2<\/strong> to work together on top of the LayerZero protocol. It also developed the <strong>zkLightClient<\/strong> technology, which is a solution for cross-chain infrastructures.<\/p>\n<p data-sourcepos=\"9:1-9:175\">The Polyhedra zkLightClient technology works seamlessly with <strong>LayerZero<\/strong>&#8216;s messaging protocol. This allows developers to easily perform transactions without leaking information.<\/p>\n<p data-sourcepos=\"11:1-11:18\"><strong>Supported Networks<\/strong><\/p>\n<p data-sourcepos=\"13:1-13:192\">Polyhedra Network plans to launch its token bridge systems along with the &#8220;<strong>Alpha Mainnet<\/strong>&#8220;. This will allow you to send your NFTs and tokens to the recipient chain at a lower cost via zkBridge.<\/p>\n<p data-sourcepos=\"15:1-15:158\">Polyhedra zkBridge supports networks such as <strong>BSC<\/strong>, Ethereum, Matic, <strong>Avax<\/strong>, Optimism, and <strong>Arbitrum<\/strong>. You can see the detailed network list in the following image:<\/p>\n<p data-sourcepos=\"15:1-15:158\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-10331 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra.jpg\" alt=\"Polyhedra\" width=\"814\" height=\"231\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-300x85.jpg 300w\" sizes=\"auto, (max-width: 814px) 100vw, 814px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-polyhedra-network-what-are-its-advantages\/#_Polyhedra_Network_Investors\" title=\"\u00a0Polyhedra Network Investors?\">\u00a0Polyhedra Network Investors?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-polyhedra-network-what-are-its-advantages\/#Polyhedra_Network_Token_Possibility\" title=\"Polyhedra Network Token Possibility?\">Polyhedra Network Token Possibility?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"17:1-17:22\"><span class=\"ez-toc-section\" id=\"_Polyhedra_Network_Investors\"><\/span><span style=\"font-size: 75%;\">\u00a0Polyhedra Network Investors?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"19:1-19:290\">Polyhedra Network has raised 2 rounds of investment funds so far. In the first round, it managed to raise a fund of $10 million under the name of &#8220;Strategic Partnership&#8221;. In this round, it received investment from major companies such as Binance Labs, PolyChain Capital, and Animoca Brands.<\/p>\n<p data-sourcepos=\"19:1-19:290\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-10332 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-1.jpg\" alt=\"\u00a0Polyhedra Network\" width=\"866\" height=\"177\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-1.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-1-300x61.jpg 300w\" sizes=\"auto, (max-width: 866px) 100vw, 866px\" \/><\/p>\n<p data-sourcepos=\"21:1-21:205\">Polyhedra Network raised $15 million in funding under the name of &#8220;PRE-SERIES A&#8221;. In this round, it received investment from major companies led by <strong>KuCoin Ventures<\/strong>, Foresight Ventures, and <strong>Hashkey Capital<\/strong>.<\/p>\n<p data-sourcepos=\"21:1-21:205\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10333 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-2.jpg\" alt=\"\u00a0Polyhedra Network\" width=\"882\" height=\"194\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-2.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-2-300x66.jpg 300w\" sizes=\"auto, (max-width: 882px) 100vw, 882px\" \/><\/p>\n<p data-sourcepos=\"23:1-23:139\"><strong>Polyhedra<\/strong>&#8216;s investment rounds are ongoing. They will likely be able to raise additional investment in the coming process.<\/p>\n<h3 data-sourcepos=\"25:1-25:40\"><span class=\"ez-toc-section\" id=\"Polyhedra_Network_Token_Possibility\"><\/span><span style=\"font-size: 90%;\">Polyhedra Network Token Possibility?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-sourcepos=\"27:1-27:122\">Although there are certain clues about this in the medium articles, there is no detailed explanation about this topic yet.<\/p>\n<p data-sourcepos=\"29:1-29:42\"><strong>Polyhedra Network Airdrop Possibility?<\/strong><\/p>\n<p data-sourcepos=\"31:1-31:172\">Since Polyhedra Network is a project that is invested in by major exchanges such as <strong>Binance Labs<\/strong> and Kucoin Ventures, it is a project with the potential to make an <strong>airdrop<\/strong>.<\/p>\n<p data-sourcepos=\"33:1-33:155\">Although it is not known whether they will have their own tokens, there is a possibility that Tokenomics will be shared soon thanks to these two exchanges.<\/p>\n<p data-sourcepos=\"35:1-35:79\">Here are some things you can do to increase your chances of winning an airdrop:<\/p>\n<ul data-sourcepos=\"37:1-41:0\">\n<li data-sourcepos=\"37:1-37:53\">Join the project <strong>Discord<\/strong> channels and collect roles<\/li>\n<li data-sourcepos=\"38:1-38:57\">Go to the project website and bridge with existing <strong>NFTs<\/strong><\/li>\n<li data-sourcepos=\"39:1-39:71\">Collect points through their &#8220;Loyalty Program&#8221; launched through <strong>Galxe<\/strong><\/li>\n<li data-sourcepos=\"40:1-41:0\">Follow new updates.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10334\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-Airdrop.jpg\" alt=\" Airdrop\" width=\"899\" height=\"486\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-Airdrop.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Polyhedra-Network-Airdrop-300x162.jpg 300w\" sizes=\"auto, (max-width: 899px) 100vw, 899px\" \/><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<div id=\"chat-history\" class=\"chat-history-scroll-container ng-tns-c1304298479-2 ng-trigger ng-trigger-resetChat show-bottom-shadow\">\n<div class=\"conversation-container ng-tns-c1304298479-2 visd-patch ng-star-inserted\">\n<div class=\"ng-tns-c3288265132-24\">\n<div class=\"response-container ng-tns-c3311575876-25 response-container-has-multiple-responses\">\n<div class=\"presented-response-container ng-tns-c3311575876-25\">\n<div class=\"response-container-content ng-tns-c3311575876-25\">\n<div class=\"response-content ng-trigger ng-trigger-responsePopulation ng-tns-c3311575876-25 ng-animate-disabled\">\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Polyhedra Network is building the next generation infrastructure for Web3 interoperability, scalability, and privacy through advanced zero-knowledge proof (ZKP) technology. Polyhedra Network provides reliable and high-performance interoperability solutions for asset transfers, message passing, and data sharing between various Web2 and Web3 systems. You might like: What is the Nibiru (NIBI) Project and What Does It<\/p>\n","protected":false},"author":1,"featured_media":10240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[64,3849,234,653,197,196,2038,104,3820,3821,1127,366,3848],"class_list":["post-10238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-airdrop","tag-alpha-mainnet","tag-decentralized","tag-kucoin","tag-layer-1","tag-layer-2","tag-mainnet","tag-nft-marketplace","tag-polyhedra-network","tag-polyhedra-sdk","tag-testnet","tag-zero-knowledge-proof","tag-zkbridge"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Polyhedra Network? 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