$ZKC is the native token of the Boundless protocol developed by the RISC Zero team. This protocol serves as a universal plug-in layer for zero-knowledge proofs (ZK) across multiple chains, aimed at helping blockchains "reduce burden and accelerate speed."

Traditional blockchains often face congestion and high transaction fees due to heavy computations. Boundless shifts complex calculations off-chain, allowing "provers" to complete them and generate concise proofs that are sent back on-chain. The blockchain only needs to verify the proof without repeating the computation, making it as efficient and secure as checking a receipt. It utilizes a "Verifiable Work Proof (PoVW)" mechanism, rewarding provers for genuine and effective computations, thus avoiding wastage of computational power.

ZKC is at the core of the ecosystem: provers need to stake ZKC to ensure honesty, and cheating results in the loss of the stake; holders can vote on governance matters such as protocol upgrades and also share in the market transaction fee distribution. Its initial supply is 1 billion tokens, following an inflation model, with the inflation rate stabilizing at 3% from the 8th year onwards. It has been listed for trading on platforms such as Binance, Huobi HTX, and others.

The project has received investments from top institutions like Blockchain Capital, and it is compatible with multiple ecosystems such as Ethereum and BNB Chain, being regarded as a key infrastructure for promoting the widespread adoption of ZK technology #boundless $ZKC @Boundless .