ZKP (zkPass) has increased by 9.26% over the past 24 hours, currently trading at $0.09.

Gate News Bot Message, February 5th, according to CoinMarketCap data, as of press time, ZKP (zkPass) is currently priced at $0.09, up 9.26% in the past 24 hours, with a high of $0.17 and a low of $0.08. The 24-hour trading volume reached $119 million. The current market capitalization is approximately $17.6 million, an increase of $1.49 million from yesterday.

zkPass is a privacy data protocol based on MPC, zero-knowledge proofs, and 3P-TLS, serving as a seamless gateway between Web2 and Web3 ecosystems. The protocol allows users to verify their real identity and data without revealing private information.

The core product of zkPass, TransGate, integrates three key technologies: MPC network, interactive zero-knowledge proof system, and 3P-TLS protocol, enabling seamless transfer of private data from Web2 to Web2 or Web3. Users can generate zero-knowledge proofs locally, then use them to mint unique soul-zkSBT on-chain or share only with designated addresses, providing enhanced privacy options.

The protocol features privacy protection, compatibility, verifiability, anti-fraud measures, and memory efficiency. zkPass has developed and optimized a memory-efficient hybrid zero-knowledge proof system, including VOLE-ZK and zk-SNARKs algorithms, allowing users to generate zero-knowledge proofs within 1 second in a PC browser environment, with processing speeds reaching tens of millions of gates per second, capable of handling large circuits with billions of gates, while memory usage stays below 300MB.

zkPass has received support from top investors such as Blockchain Founders Fund and Cypher Capital, and has established partnerships with multiple ecosystem projects including zk.link, Galxe, zkSync, and LayerZero.

Recent Important ZKP News:

1️⃣ Growing Market Recognition for Zero-Knowledge Proof Technology
Zero-knowledge proofs are becoming a key technology for blockchain privacy protection. zkPass, based on the combination of zero-knowledge proofs and cutting-edge encryption technologies like MPC, offers a privacy-preserving solution for data transfer between Web2 and Web3. The mature application of this technical framework is attracting market attention, prompting investors to reassess privacy protocol projects.

2️⃣ Expanding Ecosystem Collaboration Network
zkPass’s partnerships with well-known ecosystem projects such as zk.link, Galxe, zkSync, and LayerZero demonstrate its strategic position in the privacy infrastructure field. These collaborations help expand the application scenarios of the zkPass protocol, strengthen its influence in cross-chain and Web3 ecosystems, and provide strong support for long-term development.

3️⃣ Technological Innovation and Performance Optimization
zkPass’s breakthroughs in zero-knowledge proof algorithm optimization are significant for the market. The protocol can generate zero-knowledge proofs within 1 second in a browser environment, with a processing capacity of tens of millions of gates per second, and memory usage controlled within 300MB. These performance improvements make the transition of privacy protocols from theory to practical application possible, lowering user adoption barriers.

This message is not investment advice; please be aware of market volatility risks.