What is Karak Network
The Karak network is a Layer 2 blockchain infrastructure designed to enhance the security, scalability, and affordability of Ethereum and Web3 applications. It is built to prioritize financial security while upholding the highest standards of security, scalability, and affordability. The network aims to secure the next billion users and act as a driving force behind inclusive financial growth and innovation in the emerging digital age.
The Karak network introduces risk management infrastructure for blockchain, Web3, and global financial services, with a focus on financial security. It offers a risk management marketplace for digital assets, featuring automated, transparent, and impartial invariant detection mechanisms to secure users against digital asset risks, hacks, and attacks.
Karak's technology includes modular security at the network layer, allowing developers to launch hyper-secure applications that are safe for users from day one. It also introduces secure restaking, enabling users and developers to benefit from secure staking and restaking. Additionally, Karak is dedicated to building open infrastructure that prioritizes censorship resistance, privacy, and verifiability, and seamlessly integrates machine learning models into a wide array of applications.
In terms of its token, Karak Network Coin (KARAK) is a new cryptocurrency launched in 2024, with a focus on providing secure financial products and services for blockchain, Web3, and global financial services. The token's smart contract address is 0xBB867EEA8A6CF13E6A6100752A4E89A17C0110E3.
Karak's roadmap outlines its journey from EVM integration on Layer 2 and Layer 3 to the prospect of proving on Layer 1. It aims to introduce provability and scalability improvements while maintaining a strong connection with existing Ethereum tools and concepts. The project is also exploring the development of other zero-knowledge proofs, account abstraction, and scaling solutions to contribute to the ongoing development of the Web3 space.
In summary, the Karak network is a Layer 2 blockchain infrastructure that prioritizes financial security, scalability, and affordability, aiming to secure the next billion users and drive inclusive financial growth and innovation in the emerging digital age.
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