Omnichain ZK-Rollup
Last updated
Last updated
Gasp establishes an app-specific chain layered over multiple blockchains, ensuring all tokens retain the original security of their own network. Gasp’s omnichain zk-rollup infrastructure has universal compatibility with all Ethereum Virtual Machines (EVMs).
Gasp offers native cross-chain swaps without resorting to traditional bridges through the power of zero-knowledge proofs and decentralized sequencers. The ZK-rollup will be equipped with escape hatches, which guarantee the withdrawal of user funds.
The blockspace, which is the capacity of a blockchain to finalize and commit operations, is not shared with other apps, since Gasp blockchain is reserved to a single application. Being an app-chain by itself, Gasp has the ultimate control, which means the chain is fully customizable for the needs of a settlement infrastructure and provides the possibility of building features like gas-free swaps and MEV minimization.
By combining the benefits of MEV minimization and gas-free swaps with escape hatch safety mechanisms, Gasp’s predictable cost infrastructure ensures both security and flexibility. Users can confidently manage and withdraw their funds, relying solely on the underlying base layers like Ethereum itself.
The main security provider of the Gasp omnichain zk-rollup is EigenLayer.
Our research team has published an article describing the omnichain zk-rollup, a protocol that ensures that each token stays as secure as transactions occurring on the token’s own native ecosystem. It was very important for Gasp to avoid new security assumptions like bridge risks, multi-sigs, MPC, etc.
This means that when you have a trading pair like ETH↔BTC, each token will be as secure as the ecosystem where it originates from. This has not been done before. Liquidity is secured by L1-grade security. We call this L1-grade liquidity.
Eigenlayer is a protocol that helps Ethereum scale by allowing new consensus mechanisms and rollups to be deployed on Ethereum. The protocol is secured by ETH restaking. This introduces features and security properties to Ethereum, such as the data availability layers, rollups, oracles, and the Gasp omnichain zk-rollup. EigenLayer allows Ethereum users to use staked ETH to secure those services.
ZK-rollups by themselves are not powerful enough to ensure the validity of cross-chain swaps. They can only attest to transactions within a single L1, but not transactions between them, such as an ETH↔BTC swap. To realize our vision of building an exchange protocol that allows L1-grade liquidity, we require a trustless source of truth attesting to the honest behaviour of the protocol facilitating cross-chain swaps itself. We need Ethereum to vouch for Gasp. Eigenlayer makes this possible.
Gasp on Eigenlayer will make cross-chain atomic swaps as easy as calling a smart contract on Ethereum or any other connected chain.
Read out the blog post: Gasp on Eigenlayer
Check out: Gasp Testnet
Learn more: About Eigenlayer
