• 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

Bitcoin's Price Action Remains Choppy Amid Key Support Levels

chest

Bitcoin's price is currently rangebound between critical zones, with buyers supporting the lower end.

user avatarMaya Lundqvist

Phantom Integrates Kalshi's Prediction Markets for 20 Million Users

chest

Phantom has launched Kalshi-powered prediction markets within its wallet, enabling its 20 million users to trade tokenized positions on real-world outcomes.

user avatarLeo van der Veen

Critical Support Zone for TAO Identified

chest

Analyst Crypto Patel has identified the 262-215 range as a crucial support zone for TAO's price stability.

user avatarGustavo Mendoza

ADNOC Distribution to Accept AE Coin at Service Stations

chest

ADNOC Distribution will accept AE Coin, a dirham-pegged stablecoin, at around 980 service stations in the UAE, Saudi Arabia, and Egypt to enhance digital payment systems.

user avatarAisha Farooq

AE Coin Approved as UAE's First Central Bank-Backed Stablecoin

chest

AE Coin has been recognized as the first Central Bank-approved stable digital currency in the UAE, fully backed by the dirham (AED).

user avatarLi Weicheng

Security Costs Surge Following CEO Murder

chest

The murder of UnitedHealth CEO Brian Thompson has led to a significant increase in security budgets across major health insurers, including updates to websites that now exclude executive photos.

user avatarTenzin Dorje

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.