• 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

Binance Gold Futures Trading Surpasses $100 Billion in Volume

chest

Binance has recorded over $100 billion in trading volume for its gold futures since launch, indicating a significant behavioral shift among market participants.

user avatarTando Nkube

BTCXAU Ratio Shows Bitcoin Underperformance Against Gold

chest

The BTCXAU ratio indicates Bitcoin's underperformance against gold, entering a sustained downtrend amid current market dynamics favoring gold.

user avatarKofi Adjeman

Google Partners with Pentagon for AI Technology

chest

Google has signed a deal to provide the Pentagon with its artificial intelligence models for classified work.

user avatarSatoshi Nakamura

Google Employees Urge Company to Reject Pentagon AI Collaboration

chest

Hundreds of Google employees signed an open letter urging the company to reject the Pentagon's AI deal.

user avatarNguyen Van Long

XRP Ledger Achieves 3 Billion in Tokenized Value

chest

The XRP Ledger has achieved a significant milestone by hitting 3 billion in total tokenized value, marking a 59% increase in the last 30 days.

user avatarJesper Sørensen

DeFi United Launches Major Recovery Initiative for rsETH Tokens

chest

DeFi United has announced a plan to restore backing for rsETH tokens and address bad debt from North Korean hackers.

user avatarRajesh Kumar

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.