• 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

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

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.