Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Polygon (MATIC) Eyes Revolutionary zkVM Feat With New AggLayer Contributor

DailycoinDailycoin2024/07/25 11:49
By:Dailycoin
  • Polygon (MATIC) Labs has unveiled plans to work with Irreducible to launch a Binius-based zkVM.
  • Ethereum co-founder Vitalik Buterin has hailed Binius as a game-changer for cryptographic proof efficiency.
  • The Binius-based zkVM would be the latest in a growing list of additions to the AggLayer.

The promise of zero-knowledge technology to create more secure, scalable, and privacy-preserving blockchain solutions has seen the technological field receive significant interest in recent years, even spurring the slogan “ZK is the endgame” among projects seeking to scale Ethereum .

Among the teams pushing the boundaries of what is possible in the field is Polygon (MATIC) Labs. Over the past year, the team has unveiled an aggregated chain architecture to infinitely scale Ethereum by horizontally connecting as many ZK-powered chains as possible.

Sponsored

In the latest instance, the team has announced a collaboration to develop a never-before-produced zkVM based on a concept that Ethereum co-founder Vitalik Buterin tipped as a game-changer for cryptographic proof efficiency.

Polygon (MATIC) Labs X Irreducible

Polygon (MATIC) Labs is set to make another ZK leap. On Tuesday, July 23, the team disclosed that the prominent ZK team Irreducible is the latest contributor to the AggLayer amid plans to develop the first-ever Binius-based zkVM for the ecosystem.

For the uninitiated, Binius is a computational proving technique pioneered by Irreducible that leverages a specialized mathematical structure called binary fields to make cryptographic proving more efficient. The concept has received increased attention in recent months in part thanks to high praise from Ethereum co-founder Vitalik Buterin. In April 2024, Buterin argued that Binius brought the evolution of proving technology “to its logical conclusion, building proof systems that run even faster by operating directly over zeroes and ones.”

Irreducible has joined the list of contributors developing the AggLayer 🌊

Polygon Labs and @IrreducibleHW are building a production-grade zkVM based on Binius, bringing the breakthrough properties of binary fields to the problem of verifiable, offchain computing. pic.twitter.com/0kWvlPndOO

— Polygon | Aggregated (@0xPolygon) July 23, 2024

Polygon (MATIC) Labs intends to combine its engineering skills with Irreducible’s mathematical expertise to take this breakthrough from concept to product. Interestingly, Polygon (MATIC) Labs disclosed that the specific role of the Binius-based zkVM in the AggLayer remained unclear. Still, they noted that the plurality of blockchain use cases made it wise to have as many options as possible.

Sponsored

"Exactly where a Binius-based zkVM might be used for the AggLayer remains undetermined; building it will guide the exact application. But the explosion of zkVMs and zkEVMs over the past two years are proof that there is no single zkVM or zkEVM that fits every blockchain use-case," the team wrote.

Irreducible extends the growing list of AggLayer contributors, including Succinct Labs (SP1) , Gateway FM, Espresso Systems, Near (zkWASM prover) , and Union.

On the Flipside

  • The Binius-based zkVM may not go live till 2025, as a testnet is only expected at the end of 2024.
  • The role of the Binius-based zkVM in the Polygon ecosystem remains unclear beyond offering more options to developers.

Why This Matters

Polygon (MATIC) seeks to connect as many chains as possible to Ethereum using ZK technology. Beyond potentially serving as another leap in the field of ZK, Polygon (MATIC) Labs’ recent collaboration with Irreducible looks set to unlock even more use cases for developers building with Polygon technology.

Read this for more on Polygon (MATIC):
Polygon’s MATIC to POL Migration Set for September: What It Means for You

See how ether ETFs performed on their first day of trading:
Here’s How Ether ETFs Performed on Their First Day of Trading

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Has Altcoin Season Started With FED Heat? Legendary Analyst Answers

Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.

Bitcoinsistemi2024/09/19 21:06

How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast

At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.

Bitcoinsistemi2024/09/19 21:06

Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data

Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.

Bitcoinsistemi2024/09/19 21:06