• 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

AI and Automation's Dual Impact on Cardano's Future

chest

The rise of AI and automation in trading is significantly impacting Cardano's price momentum, with potential for future revival as market conditions stabilize.

user avatarNguyen Van Long

Investor Behavior Reflects Labor Market Trends Impacting Cardano

chest

Investor behavior in the Cardano market reflects labor market trends, with hesitance from both liquidity providers and buyers, leading to ongoing price pressure.

user avatarKofi Adjeman

Technical Analysis Indicates Continued Bearish Pressure for Cardano

chest

Current technical analysis of Cardano's daily price chart reveals a prolonged downtrend, with the price hovering around $0.35. Resistance levels are identified at $0.40 and $0.47, while support lies near $0.30.

user avatarAyman Ben Youssef

Analyst Predicts Bullish Targets for Bitcoin and Ethereum

chest

Onchain analyst Garrett Jin predicts bullish price targets of $106,000 for Bitcoin and $4,500 for Ethereum based on historical correlations and current market trends.

user avatarTando Nkube

Essential Due Diligence Framework for Algorithmic Trading

chest

A comprehensive due diligence framework is necessary for participants engaging in automated trading to mitigate risks associated with algorithmic derivatives.

user avatarRajesh Kumar

Florida Pension Fund Makes $47 Million Investment in MicroStrategy Stock

chest

Florida Pension Fund invests $47 million in MicroStrategy stock, reflecting a trend in institutional investment in nontraditional assets like Bitcoin.

user avatarSatoshi Nakamura

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.