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The founder of the Polygon project, Mikhailo Bjelich, said that the company bought the Mir project, whose specialists will join the team and develop a new package of functions.
The head of Polygon, Mihailo Bjelic, announced on December 9 that the project was acquired by the Ethereum scaling startup Mir for $ 400 million. Mir’s team will join Polygon to develop a “highly scalable, ZK-based Ethereum Compatible Rollup” dubbed Polygon Zero (ZK – zero knowledge – cryptographic algorithms with zero knowledge – approx. ed.).
“Polygon is focused on zero knowledge cryptography as the final stage for blockchain scaling. The Mir team is now joining Polygon to leverage this groundbreaking technology and create our new Polygon Zero project – scalable and compatible with the Ethereum ZK Rollup. ”
Polygon has provided funding for the development of Polygon Zero. The founder of Polygon said the team plans to implement efficient recursive proofs.
“Zero-knowledge scaling represents the future of Ethereum, but there are no scalable, EVM-compatible ZK accumulators yet. The disadvantage is efficient recursive proofs, as recursion allows us to parallelize the generation of proofs for much better performance. Unfortunately, the existing recursive proof systems supported by Ethereum are inefficient and slow. We are announcing plonky2, a recursive proof system that is incredibly fast and Ethereum-friendly. We believe this engineering breakthrough will bring tremendous value to the community and open up new horizons for Ethereum to scale. ”
Polygon’s most recent acquisition, Hermez Network, renamed Polygon Hermez, was acquired for $ 250 million in August.
A month ago, the Polygon team announced their intention to run a Miden VM based on the zk-STARK protocol using zero knowledge proofs. In the same month, the developers of Polygon introduced the Mina Protocol privacy protocol to the network by creating a “bridge” to combine the two technologies. In September, the number of active addresses in the Polygon network reached 351,000, which is 26,000 more than on the first level of the Ethereum blockchain.
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