# Mystiko.Network

> Mystiko.Network is a web3 base layer enhancing blockchain scalability, interoperability, and confidentiality with a universal ZK SDK for private, cost-effective...

- Canonical URL: https://iq.wiki/wiki/mystikonetwork
- Categories: Cryptoassets
- Tags: Layer 1
- Created: 2024-10-31T12:35:44.022Z
- Last updated: 2024-11-16T06:53:20.269Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Mystiko** is the base layer of [web3](https://iq.wiki/wiki/web3) that provides connectivity and confidentiality to [blockchain](https://iq.wiki/wiki/blockchain) data, transactions, and applications. It operates as the universal ZK SDK, enhancing the scalability, interoperability, and security of all [L1](https://iq.wiki/wiki/layer-1) and [L2](https://iq.wiki/wiki/layer-2) blockchains. [\[1\]](#cite-id-4ljwo5pey3m)[\[2\]](#cite-id-218jdxi8cen)[\[3\]](#cite-id-kmvok4sqbt8)  
  
# Overview  
  
Mystiko’s SDK enables developers to build blockchain or [decentralized apps](https://iq.wiki/wiki/decentralized-application) that reduce costs, scale, securely interact across chains, and protect users’ on-chain identity. Mystiko makes every blockchain a ZK blockchain. [\[1\]](#cite-id-4ljwo5pey3m)[\[3\]](#cite-id-kmvok4sqbt8)  
  
Problems solved by Mystiko.Network includes financial issues that restrict web3 from broader adoption, cross-chain bridges not supporting secure or ZK transactions, single-chain transaction solutions with ineffective user experience, and secure transactions traditionally involving high [gas fees](https://iq.wiki/wiki/gas). [\[3\]](#cite-id-kmvok4sqbt8)  
  
## Features  
  
### Cross-chain connectivity  
  
The Mystiko.Network zk-SNARKs protocol (Mystiko Protocol) is designed for compatibility with a wide range of major [Layer 1](https://iq.wiki/wiki/layer-1) [blockchains](https://iq.wiki/wiki/blockchain), such as [Ethereum](https://iq.wiki/wiki/ethereum), BSC, [Solana](https://iq.wiki/wiki/solana), [Polkadot](https://iq.wiki/wiki/polkadot), [Avalanche](https://iq.wiki/wiki/avalanche), [Terra](https://iq.wiki/wiki/terra), and [Polygon](https://iq.wiki/wiki/polygon), as well as Layer 2 solutions like [zkSync](https://iq.wiki/wiki/zksync), [Arbitrum](https://iq.wiki/wiki/arbitrum), and [Optimism](https://iq.wiki/wiki/optimism). This interoperability enables Mystiko Protocol to integrate across various blockchain networks and applications, positioning Mystiko.Network as a connectivity layer within the Web3 ecosystem. [\[3\]](#cite-id-kmvok4sqbt8)  
  
### Lower transaction fees  
  
With the implementation of zero-knowledge-based scaling technology, transaction fees on Mystiko.Network is lower than those of other coin mixers. [\[3\]](#cite-id-kmvok4sqbt8)  
  
### Complete user control  
  
Mystiko Protocol is a non-custodial protocol, in which users keep custody of their [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) while operating on Mystiko.Network. Users are the only ones with control over their cryptocurrencies throughout the whole process. [\[3\]](#cite-id-kmvok4sqbt8)  
  
### Aggregating major bridges  
  
Mystiko Protocol is being implemented in popular cross-chain bridges in web3. Users could choose their preferred bridge services with one slick from Mystiko Wallet. [\[3\]](#cite-id-kmvok4sqbt8)  
  
## Investors  
  
Private Round: $30M was led by Sequoia Capital, followed by Samsung Next, [HashKey](https://iq.wiki/wiki/hashkey-group), Mirana, Signum, [Coinlist](https://iq.wiki/wiki/coinlist), Naval Ravikant, [Sandeep Nailwal](https://iq.wiki/wiki/sandeep-nailwal), Gokul Rajaram, Tribe Capital, Morningstar Ventures, and other investors. [\[1\]](#cite-id-4ljwo5pey3m)  
  
Public Round: $11.25M on Coinlist. [\[1\]](#cite-id-4ljwo5pey3m)[\[4\]](#cite-id-n4vhlurpa6d)