Polygon Labs and Toposware team up to develop next-generation ZK technology

• Polygon Labs has acquired blockchain startup Toposware for $30 million, bringing its investment in zero-knowledge technology to $1 billion.

• The acquisition includes 11 engineers and enhances Polygon’s layer-2 Ethereum networks.

Polygon Labs has announced a significant expansion of its investments in zero-knowledge (ZK) technology by acquiring blockchain startup Toposware. This strategic move brings Polygon’s investment in ZK technology to $1 billion, enhancing its Ethereum-based layer-2 networks.

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Toposware brings elite engineers and a robust technology stack to Polygon

Polygon Labs, a prominent player in the Ethereum ecosystem, has integrated Toposware’s team and technology into its operations. Valued at $30 million, Toposware brings 11 engineers and a robust development stack for Polygon’s efforts. This acquisition is part of Polygon’s broader vision for a “unified web3” and marks its third investment in ZK technology, following previous purchases of Hermez and Mir in 2021.

Zero-knowledge encryption it is fundamental to blockchain technology; allows transaction validation without revealing sender or recipient details. This improves privacy and scalability, which are central to Polygon’s mission to improve the operability and connectivity of Ethereum.

The long-standing partnership between Polygon and Toposware has already produced significant progress, most notably with the zkEVM type 1 prover. This technology allows Ethereum Virtual Machine-enabled networks to leverage ZK-based chains, improving their integration with the network main of Ethereum. According to Polygon Labs, this move will significantly improve interoperability and cross-chain connectivity.

The acquisition also incorporates Toposware’s technology into Polygon’s Proof-of-Stake (PoS) network, which will now be part of the AggLayer protocol. AggLayer combines a cryptocurrency bridge with a ZK mechanism, further strengthening cross-chain operation.

Strategic vision and implications for the sector

Marc Boiron, CEO of Polygon Labs, highlighted the acquisition as a perfect fit to advance the ecosystem. He highlighted Toposware’s expertise in deep cryptography and zero-knowledge, which will bring more open source contributions to the Ethereum community.

Polygon’s increased focus on ZK Technology aligns with a growing trend in the industry. Zero-knowledge proofs are preferred as a scaling mechanism for Ethereum Virtual Machine (EVM) chains due to their efficiency in improving transaction speed and reducing costs. While optimistic rollups are an alternative, experts like Ethereum co-founder Vitalik Buterin advocate ZK technology, citing its superior performance.

This strategic acquisition by Polygon Labs highlights its commitment to improving blockchain technology through significant investments in zero-knowledge cryptography. By integrating Toposware’s capabilities, Polygon is set to advance its vision of a more interconnected and scalable Ethereum ecosystem.

Implications for developers and users

The acquisition has far-reaching implications for developers and users within the Ethereum ecosystem. By leveraging ZK technology, Polygon aims to make EVM chains more accessible and easy to use without compromising security and decentralization. This approach provides a smoother transition for developers relying on Polygon’s layer 2 networks. Furthermore, the integration of ZK-proof chains will likely lead to more efficient and economical solutions for end users.

As before reported By Crypto News Flash, Polygon’s total value locked (TVL) recently decreased from $1 billion to $942 million. This decline has led to a significant drop in network revenue and fees. Additionally, reducing code and core developer commits may slow down future updates. MATIC price increased to $0.7156, reflecting a 3% increase over 24 hours.

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