• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Polygon Labs Invests $5 Million in VPU Chips to Streamline Zero-Knowledge Proofs for AggLayer

user avatar

by Giorgi Kostiuk

2 years ago


  1. Investment in VPU Chips
  2. Technological Advantage
  3. Usage Prospects

  4. Polygon Labs announced a $5 million investment in specialized hardware systems to enhance zero-knowledge proof generation. This investment is part of a strategic partnership with hardware manufacturer Fabric.

    Investment in VPU Chips

    Polygon Labs announced a $5 million investment in specialized hardware systems to enhance Zk-proof generation. This investment is part of a strategic partnership with Fabric, a hardware manufacturer, to advance the AggLayer project. Additionally, the AggLayer project will be a cornerstone of the Polygon 2.0 upgrade.

    Technological Advantage

    Zero-knowledge cryptography, which allows the verification of transactions without revealing the underlying data, is central to the AggLayer project. In partnership with Fabric, known for its custom zero-knowledge chips called verifiable processing units (VPUs), Polygon aims to make this process faster and more cost-effective. VPUs are being developed specifically for Polygon’s ZK prover libraries, Plonky2 and Plonky3. These systems are the fastest for recursive proofs and zero-knowledge cryptography, which requires real-time proving.

    Usage Prospects

    Zero-knowledge proofs are considered the future of blockchain technology, but the high cost and complexity of generating these proofs have hindered widespread adoption. VPUs help reduce the cost and time needed to generate ZK proofs, transforming the blockchain ecosystem. This also accelerates technology adoption in the near future. In the long term, the Polygon and Fabric partnership means increased scalability and efficiency, making transactions smoother across blockchain networks.

    This $5 million investment in VPUs signifies Polygon Labs' continued commitment to enhancing blockchain innovation and technological advancement.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Old Bitcoin Wallet Activates After Over a Decade

chest

A Bitcoin address that had been inactive since November 2013 has suddenly moved its entire holdings to a new wallet, generating significant interest among traders.

user avatarMaria Fernandez

XRP Encounters Resistance and Support Zones.

chest

XRP price is currently trading above 14350 and is facing significant resistance levels near 14550 and 14620.

user avatarLuis Flores

Zcash Foundation's SEC Review Ends Favorably

chest

The SEC has concluded its review of the Zcash Foundation without recommending enforcement action, easing regulatory concerns for the privacy coin.

user avatarRajesh Kumar

Grayscale Takes a Step Towards Zcash Spot ETF

chest

Grayscale has filed to convert its Zcash Trust into a spot exchange-traded fund (ETF), potentially allowing regulated exposure to Zcash in the US market.

user avatarGustavo Mendoza

XRP Price Recovery Phase Started

chest

XRP price has started a recovery wave, showing positive movement above key resistance levels.

user avatarMiguel Rodriguez

Hayes Highlights Risks and Opportunities in Crypto Markets

chest

Hayes highlights the risks and opportunities in crypto markets driven by geopolitical tensions and AI-driven inflation.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.