Boundless is a universal, decentralized protocol that uses zero-knowledge (ZK) proofs to provide verifiable computing power for blockchains. The project, developed by the RISC Zero team, aims to address the scalability and computational limitations of existing blockchains by offloading intensive tasks to a decentralized network of "provers."
$ZKC, or ZK Coin, is the native token of the Boundless network. It is central to the protocol's economic model and serves several key functions:
Rewards for Provers: Provers who perform useful computational work by generating ZK proofs are rewarded with $ZKC through a mechanism called Proof of Verifiable Work (PoVW).
Collateral and Staking: $ZKC is used as collateral for proving jobs and for staking, which helps secure the network.
Governance: Token holders can participate in the network's governance, voting on protocol upgrades and other important decisions.
