Bitalk
Bitalk|May 15, 2025 10:02
🔸 With a financing of 54 million yuan, what exactly is @ boundless_xyz? ❓ Why do we need Boundless? The original intention of blockchain design is not to perform complex calculations, but to ensure that the ledger is consistent and tamper proof. For this, each node needs to run the same transaction again to verify if the results are consistent. This method ensures correctness, but as a result, network speed will be limited. Since each node has to perform repeated calculations, which are slow and costly, is it possible to outsource the calculations while still ensuring the reliability of the results? Boundless is such a solution. 🍓 What can Boundless do? Boundless provides "verifiable outsourced computing services" that enable blockchain to accomplish heavier computing tasks with fewer resources: 1/The blockchain itself is too slow in computation; 2/Boundless has a dedicated node network for execution, responsible for completing tasks and generating ZK proofs; ZK proof is a cryptographic technique that allows you to verify that 'this matter was indeed executed correctly' without revealing execution details; 4/Nodes only need to verify the ZK proof without performing the original calculations, greatly saving resources. A more understandable analogy is doing math problems: Solving problems step by step and obtaining answers requires a lot of computation time and steps; But if you have the answer directly and then verify it, it is relatively much simpler. 🧑‍💻 How does Boundless work? Specifically, Boundles is a universal matchmaking marketplace that connects developers/applications with ZK certification requirements on any chain. Boundless is similar to a 'computing task publishing platform': 1/Developer issues a calculation request stating 'I need to complete the execution of a program and obtain a ZK certificate'; After the request is issued, the system initiates a reverse Dutch auction, with prices starting from the lowest and gradually increasing over time; Whoever accepts the current price and executes the order first will have the right to execute it; After receiving the order, the Prover node (executor) completes the calculation task and generates a ZK proof; 5/Boundles contract verifies the correctness of ZK proof and automatically pays rewards after verification. 🪙 Boundless Incentive Mechanism: Proof of Verifiable Work (PoVW) Boundless has introduced a new concept, Proof of Verifiable Work, A blockchain billing mechanism based on "actual completed workload". The ZK proof submitted by Prover includes the data of Cycles (number of execution cycles), indicating how much computing resources were spent on this computing task. The system will issue a fixed batch of ZKC tokens per cycle, and the higher the proportion of cycles executed by Prover, the more tokens can be obtained. PoW rewards useless hash calculations, PoS rewards idle capital, while PoVW aims to accurately reward verifiable, real, and valuable computing work on the chain. Boundless currently has a high level of attention, will it be the next Alpha?
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