A zero-knowledge (ZK) proof altcoin is skyrocketing after gaining support from the top US-based crypto exchange platform, Coinbase.
In a new announcement, Coinbase says it is adding Lagrange (LA) to its suite of products with an experimental label designated for low-liquidity tokens.
“Lagrange is now live on [Coinbase] in the Coinbase iOS and Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
After the announcement, LA surged from a price of $0.253 on June 4th to a peak of $1.50 just a day later, a staggering 216% gain during the last 24 hours.
According to its official website, Lagrange aims to enhance blockchain utility by providing an efficient platform for generating zero-knowledge (ZK) proofs, which can be verified as true without revealing the underlying information.
“Lagrange’s ZK Prover Network is the foundational layer that offers universal proof generation for a variety of use cases, such as rollups, ZK coprocessing and cross-chain messaging. It is deployed on EigenLayer and supported by over 85 of the top institution-grade operators who each run several provers to deliver ZK proofs that are requested by users.
Due to the specific architecture of Lagrange’s ZK Prover Network, it is able to support high volumes of proof requests without bottlenecks, and offers high liveness guarantees and a simple interface to engage with.”
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