Skip to content
Up To Date Time

Up To Date Time

  • Home
  • Sports
  • cryptocurrency
  • Technology
  • Virtual Reality
  • Education Law
  • More
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
  • Toggle search form
Polygon invests M in ‘VPU’ chips that could lower zero-knowledge proof costs

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

Posted on September 10, 2024 By rehan.rafique No Comments on Polygon invests $5M in ‘VPU’ chips that could lower zero-knowledge proof costs

Key Takeaways

  • Polygon Labs invests $5M in servers with custom zero-knowledge cryptography chips.
  • The new technology could reduce the adoption timeline of zero-knowledge proofs from years to months.

Share this article







Polygon Labs, a major Ethereum layer-2 developer, has announced plans to purchase $5 million worth of server systems optimized for zero-knowledge (ZK) cryptography processing from hardware maker Fabric.

The acquisition is part of a partnership aimed at accelerating the development of Polygon’s AggLayer, an interoperability solution designed to enable seamless token transfers between affiliated blockchain networks. Fabric is producing custom zero-knowledge chips, called verifiable processing units (VPUs), specifically for the AggLayer project.

Polygon’s ZK team has been collaborating with Fabric to create VPUs tailored for its prover libraries, Plonky2 and Plonky3. These provers are crucial components in blockchain systems built around zero-knowledge cryptography, which has emerged as a key focus for Polygon and a hot topic in the crypto industry.

“Implementing this tech will massively accelerate the development of the AggLayer, bringing real-time, affordable proofs […] and much lower proving costs than previously thought possible in the medium-term,” Bjelic said.

Boosting zero-knowledge tech for lower costs and faster transactions

The partnership follows Fabric’s recent $33 million Series A funding round, in which Polygon Labs participated. Fabric’s VPUs are custom chips designed to optimize cryptography and blockchain processes. According to Polygon co-founder Mihailo Bjelic, these specialized chips may significantly accelerate the timeline for wider adoption of zero-knowledge technology, cutting out the time required for development and research.

“Fabric’s VPUs can accelerate the timeline for wider adoption of zero-knowledge technology from three to five years to six to 12 months,” Bjelic claims. He added that implementing this technology would “massively accelerate the development of the AggLayer, bringing real-time, affordable proofs that nobody thought would come for years.”


Sapphire

By developing hardware specifically optimized for ZK-proof generation, the partnership aims to overcome current limitations and pave the way for more efficient and scalable blockchain solutions. In related news, Polygon has begun migrating its MATIC tokens to POL, working toward a new ‘hyperproductive’ phase for the token’s utility.

Share this article







cryptocurrency

Post navigation

Previous Post: Listen Up! – The Additional Support Needs Blog
Next Post: India’s Growing Wagering Market: Opportunities and Challenges – The Sports Mirror – Sports News, Transfers, Scores

More Related Articles

Top 30 Crypto Movies & Documentaries Top 30 Crypto Movies & Documentaries cryptocurrency
Which Blockchain Is Right For You? Which Blockchain Is Right For You? cryptocurrency
The Pi Token Scam – The Least-Evil Scam in Crypto, But a Scam Nonetheless… | Cryptocurrency News Live | Breaking Crypto News The Pi Token Scam – The Least-Evil Scam in Crypto, But a Scam Nonetheless… | Cryptocurrency News Live | Breaking Crypto News cryptocurrency
Q3 2024 Progress Report Q3 2024 Progress Report cryptocurrency
Ethereum’s Pectra Upgrade on Sepolia Testnet Spurs Discussions of Potential Mainnet Delays and Staked ETF Opportunities Ethereum’s Pectra Upgrade on Sepolia Testnet Spurs Discussions of Potential Mainnet Delays and Staked ETF Opportunities cryptocurrency
Top Cannabis REITs for Long-Term Growth and High Dividends Top Cannabis REITs for Long-Term Growth and High Dividends cryptocurrency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Painters need two wins to get quarterfinal bonus
  • Finally Bullish? Solana (SOL) Bounces Off
  • Why Business Owners Have Started Using an Ad Blocker Normally Used at Home
  • Teen Star Mhatre to Lead India U-19 Charge in England Tour, Suryavanshi too earns a place
  • Bitcoin Climbs To $105K While Support At $96,700 Remains In Focus

Categories

  • cryptocurrency
  • Education Law
  • Sports
  • Technology
  • Virtual Reality

Copyright © 2025 Up To Date Time.

Powered by PressBook Blog WordPress theme