INTRODUCING ZKC COIN FROM BOUNDLESS

Summary from the TLDR Crypto newsletter

Boundless's ZK Coin (ZKC) is the native token of its universal ZK proving protocol. It enables any blockchain to access zero-knowledge computation through independent prover nodes without requiring infrastructure changes. The ZK proving protocol introduces Proof of Verifiable Work (PoVW), a novel consensus mechanism where provers stake ZKC as collateral (typically 10x the request fee) and earn rewards by generating unique ZK proofs, with slashing penalties for failed deliveries. ZKC has an initial supply of 1 billion tokens with 7% inflation in Year 1, tapering to 3% by Year 8, and the effective circulating supply decreases as more proofs require collateral staking. The system creates a scaling loop where increased proof demand leads to more ZKC locked as collateral, positioning ZK Coin as the foundational economic layer for ZK proving across the entire blockchain ecosystem.