Hyli, a zero-knowledge proof (ZK)-based blockchain, has announced it is shutting down and pausing the project, citing changes in market conditions and a lack of expected traction. According to Foresight News, the team said it made the decision despite reporting technical progress over the past two years.
Hyli said its work included building a full-node client from scratch, adopting newer Byzantine fault tolerant (BFT) consensus technology, and adding support for ZK smart contracts.
ZK-Based Blockchain Hyli Shuts Down and Pauses Project Citing Market Changes
2026-06-10 13:53:49
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