zkBridge NEP-10: Integrate Corn Maizenet with Polyhedra zkBridge

Category: Technical Proposal

I. Proposal:

This is a proposal to integrate the following project with zkBridge:

Project Name: Corn

Reasons to pursue integration include:

• Bitcoin-Centric Innovation: Corn Network uniquely bridges Bitcoin’s value and Ethereum’s computational capabilities, making it a groundbreaking project in the blockchain ecosystem. Integration with zkBridge will amplify this by enabling seamless and secure cross-chain transactions.
• Hybrid Tokenized Bitcoin: Corn’s BTCN token introduces new use cases for Bitcoin in DeFi. zkBridge can enhance its utility by offering interoperability with other networks.
• Strengthening zkBridge’s Presence in Bitcoin Ecosystems: By integrating Corn, zkBridge will extend its reach into Bitcoin-centered networks, leveraging Corn’s dual security from Bitcoin (via Babylon) and Ethereum staking.
• Thriving Incentive Mechanisms: Corn’s popCORN System aligns long-term incentives for users, builders, and liquidity providers. Integration with zkBridge will support expanding Corn’s ecosystem and user base.
• Developer Ecosystem Potential: With Corn’s infrastructure, developers can create innovative applications utilizing BTCN, which zkBridge can support for omnichain development opportunities.

Description: Corn Network is a novel blockchain ecosystem built on the Arbitrum Orbit stack. It utilizes hybrid tokenized Bitcoin (BTCN) as a gas token, secured by Bitcoin (through Babylon) and Ethereum staking, while enabling decentralized cross-chain interoperability. Corn’s unique features and vibrant ecosystem make it an ideal candidate for zkBridge integration.

Project’s Social Media:

• Website: usecorn.com
• Twitter: https://x.com/use_corn
• Discord: https://discord.com/invite/usecorn
• Telegram: @usecorn
• Medium: https://blog.usecorn.com/
• Docs: https://docs.usecorn.com/

II. Rationale:

zkBridge provides users with a range of options and greater asset diversity to bridge across various L1s and L2s. By expanding the supported blockchains, it allows more users worldwide to be able to access the functionalities and features of, and participate in the growth and development of, the Polyhedra Network. Candidates for future integrations will be selected by the community. Based on feedback received from ecosystem members, the community will consider multiple criteria, including:

1. Global reach, recognition from major industry players, and community interest
2. Focus on adhering to regulatory standards and ensuring security,
3. Interest in zero-knowledge proofs
4. Potential for enhancing the network functionality, applications, and user interactions to set a new standard for secure, efficient, and user-friendly cross-chain transactions
5. If this would foster greater participation and collaboration within the blockchain ecosystem
6. Enhanced flexibility and efficiency, decentralization and system integrity across these blockchain networks.

III. Abstract:

Polyhedra Network’s zkBridge represents a significant advancement in the blockchain industry, offering a trustless, efficient, and secure interoperability protocol across different Layer-1 and Layer-2 networks. Polyhedra currently supports integration of zkBridge with a number of third party blockchains and ecosystems such as AltLayer, Alchemy Bridge, Arbitrum, and others. Central to the zkBridge security model is the integration of zero-knowledge proofs, which offer robust security that is not dependent on external factors and significantly reduce the complexities and costs associated with on-chain verifications. Other assets could be supported and utilized to grow the utility of the network.

IV. Additional Background:

On April 4, 2023, zkBridge launched on ten layer-1 and layer-2 blockchain networks including Polygon, Ethereum, Binance Smart Chain, and Cosmos. zkBridge is the first trustless, efficient, secure, and universal cross-chain bridge with advanced zero-knowledge proof technology. zkBridge uses zkSNARKs to enable a prover to efficiently convince the receiver chain that a certain state transition happened on the sender chain. zkBridge consists of a block header relay network and an updater contract. zkBridge uses a 2-layer recursive proof system to achieve fast proof generation and low on-chain proof verification cost to support cross-chain applications. As of June 2024, zkBridge has supported more than 30 layer-1 and layer-2 networks, and successfully verified more than 20 million cross-chain transactions.

V. Threshold to Approve:

1. More than 50,000 of total Staking Power (SP) cast as votes, and
2. More Yes votes than No votes.