• 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

a year 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

Hong Kong's Vision for the Future of Finance

chest

Hong Kong aims to position itself as a global leader in digital asset innovation through its RWA tokenization strategy, targeting the Chinese market and Asia-Pacific region.

user avatarLeo van der Veen

Hong Kong Unveils 10-Year Plan for RWA Tokenization and Digital Finance

chest

Hong Kong's Financial Services Development Council has launched a comprehensive 10-year roadmap aimed at establishing the city as a leader in RWA tokenization and digital finance.

user avatarMaya Lundqvist

Decentralization Under Pressure from Ordinals Growth

chest

The increasing costs of running full nodes due to Ordinals inscriptions threaten Bitcoin's decentralization.

user avatarLi Weicheng

Rising Costs of Full Node Operation Due to Ordinals

chest

The introduction of Ordinals has nearly doubled Bitcoin outputs, increasing the memory strain on full nodes and raising operational costs.

user avatarTenzin Dorje

Miner Incentives and the Redistribution of Value in Bitcoin

chest

The boom in Ordinals has strengthened miner incentives, but it has also led to higher fees for ordinary users and node operators.

user avatarAisha Farooq

The Impact of Bitcoin Ordinals on Network Sustainability

chest

The rise of Bitcoin Ordinals is testing the infrastructure of the Bitcoin network, raising concerns about the long-term sustainability of full nodes.

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.