Polygon Labs Acquires Toposware to Enhance Zero-Knowledge Tech Capabilities
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In a strategic move to bolster its zero-knowledge technology development, Polygon Labs has acquired Toposware, a zero-knowledge (ZK) engineering startup. The deal is aimed at integrating Toposware’s expertise with Polygon’s ongoing projects to advance the entire ZK community.
Polygon Labs Targets Zero-Knowledge Tech Leadership With Toposware Buy
On Tuesday, Polygon stated in a blog post that the acquisition of Toposware marks a significant advancement in zero-knowledge proof technology, particularly with the development of the Type 1 ZKEVM prover earlier this year. This integration will see Toposware’s team join forces with Polygon’s existing ZK teams, enhancing efforts on multiple fronts including the AggLayer, Polygon CDK, and ZKEVM.
The announcement detailed that the collaboration aims to improve scalability and security across blockchain technologies, fostering a more interoperable network. Polygon stated that Toposware’s contributions to zero-knowledge proofs have already demonstrated substantial cost benefits, with significant reductions in transactional costs for proving blocks on Ethereum.
The acquisition also anticipates future upgrades to the Polygon PoS network, further solidifying its position at the forefront of blockchain technology innovation. The financial details of the Toposware transaction were not disclosed. Polygon has consistently pursued acquisitions with a focus on zero-knowledge technology, as evidenced by its earlier purchases of the Hermez Network and the Mir Protocol to further develop the technology.
Source : Bitcoin News / Jun 4, 2024