Polygon Labs has acquired blockchain research and engineering firm Toposware, marking its third investment in zero-knowledge startups over the past three years.
Polygon says the deal brings its cumulative investment in ZK technology to over $1 billion. In 2021, Polygonworking on Ethereum scalability and privacy, Mir and Hermez, for a combined $650 million through multiple transactions. “We are always exploring potential acquisitions to strengthen our ZK research and development efforts,” a spokesperson for Polygon told Cointelegraph, adding that no other deals are being considered at the moment. “ZK technology is propelling our efforts on multiple fronts.”to require approximately 90 billion ZK-proofs by 2030, equivalent to 83,000 transactions per second. Several crypto firms are working on ZK technology, including StarkWare and Matter Labs.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »