Gnosis Chain Launches Hashi to Enhance Security in Bridge Transfers with SuccinctLabs, DendrETH, and ZK Collective Committed
Hashi is engineered to revolutionize cross-chain bridge security through oracle aggregation and redundancy.
LOS ANGELES, March 30, 2023 /PRNewswire-PRWeb/ -- Gnosis Builders, the ecosystem team for Gnosis Chain, a full EVM (Ethereum Virtual Machine) layer 1 blockchain prioritizing decentralization and security, announces the launch of Hashi to enhance bridge security by aggregating bridge standards. Numerous projects have already committed to integrating Hashi, including Succinct Labs, DendrETH, ZK Collective, Connext, Celer, LayerZero, Axiom, Wormhole and LI.FI.
In 2022, more than $2B in assets were stolen in bridge exploits, demonstrating the need for enhanced bridge security for cross-chain token transfers. The impact of these exploits likely could have been avoided by distributing trust across multiple standards, such as Zero Knowledge Proofs, multi-sigs, and oracle committees.
Martin Köppelmann, Co-Founder of Gnosis, the ecosystem team for Gnosis Chain, shared, "There are many great bridge projects out there but even great teams have faced hacks in the past. Hashi now allows us to combine many bridge approaches in a way that the security will add up. This can finally serve as a reliable standard for the Inter Ethereum Protocol"
Uma Roy, Founder & CEO of Succinct, said, "Succinct Labs is working towards a vision of decentralized and secure bridging starting with zkSNARK proof of consensus. We're very excited to be collaborating with Gnosis DAO on Hashi—an effort to aggregate security across different bridges and introduce the concept of client diversity to bridging."
Hashi will enable improvements to governance rules and empower devs to build end-to-end applications on top of Hashi, such as a token or governance bridges.
For more information on Hashi please visit https://github.com/gnosis/hashi join the discussion on Discord, and read more at Ethresearch.
For media inquiries, please contact Jonathan Duran at (310) 260-7901 or Jonathan(at)MelrosePR(dot)com.
About Gnosis Builders
Gnosis Builders is the ecosystem team for Gnosis Chain, a full EVM (Ethereum Virtual Machine) Layer 1 blockchain with 100K+ validators, prioritizing decentralization and security. Gnosis Builders constructs critical infrastructure, tools, and resources to enhance the Gnosis Chain experience. Through their hands-on, open source and permissionless development, Gnosis Builders seeks to empower an expansive world of blockchain experiences, from essential world-class applications to unique dev-crafted offerings like DeFi, DAO Tools, and Gaming.
SOURCE Gnosis Builders