TheCryptoNews.eu
Altcoin

Polygon invests $5M in ‘VPU’ chips that could perhaps perhaps also lower zero-records proof costs

Polygon invests $5M in ‘VPU’ chips that could perhaps perhaps also lower zero-records proof costs

Home » Ecosystem » Polygon invests $5M in ‘VPU’ chips that could perhaps perhaps also lower zero-records proof costs

Sep. 10, 2024

Polygon Labs has partnered with hardware maker Cloth to speed zero-records proof generation for its AggLayer finishing up.

Polygon invests $5M in 'VPU' chips that could perhaps perhaps also lower zero-records proof costs

Key Takeaways

  • Polygon Labs invests $5M in servers with personalized zero-records cryptography chips.
  • The original technology could perhaps perhaps also reduce the adoption timeline of zero-records proofs from years to months.

Share this article

Polygon Labs, a significant Ethereum layer-2 developer, has launched plans to aquire $5 million price of server programs optimized for zero-records (ZK) cryptography processing from hardware maker Cloth.

The acquisition is segment of a partnership aimed at accelerating the development of Polygon’s AggLayer, an interoperability resolution designed to enable seamless token transfers between affiliated blockchain networks. Cloth is producing personalized zero-records chips, called verifiable processing items (VPUs), particularly for the AggLayer finishing up.

Polygon’s ZK crew has been participating with Cloth to kind VPUs tailored for its prover libraries, Plonky2 and Plonky3. These provers are indispensable parts in blockchain programs built around zero-records cryptography, which has emerged as a key focal point for Polygon and a sizzling topic within the crypto industry.

“Implementing this tech will massively speed the development of the AggLayer, bringing true-time, moderately priced proofs […] and much lower proving costs than previously thought doubtless within the medium-time-frame,” Bjelic stated.

Boosting zero-records tech for lower costs and sooner transactions

The partnership follows Cloth’s recent $33 million Series A funding round, whereby Polygon Labs participated. Cloth’s VPUs are personalized chips designed to optimize cryptography and blockchain processes. According to Polygon co-founder Mihailo Bjelic, these specialised chips could perhaps perhaps also vastly speed the timeline for wider adoption of zero-records technology, slicing out the time required for development and be taught.

“Cloth’s VPUs can speed the timeline for wider adoption of zero-records technology from three to 5 years to six to 365 days,” Bjelic claims. He added that imposing this technology would “massively speed the development of the AggLayer, bringing true-time, moderately priced proofs that no person thought would attain for years.”

By increasing hardware particularly optimized for ZK-proof generation, the partnership goals to beat recent barriers and pave the fashion for added efficient and scalable blockchain alternate suggestions. In related records, Polygon has begun migrating its MATIC tokens to POL, working in opposition to a brand original ‘hyperproductive’ segment for the token’s utility.

Share this article

Read More

Related posts

Circle Considers Going Public In 2024: Bloomberg

The Crypto News

What’s the Lightning Community?  A Newbie’s Book

The Crypto News

BlackRock studies 2nd day of outflows since January debut

The Crypto News

Leave a Comment

Or Login with

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More