Ethereum

2024

Polygon

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<p class="is-style-lead">Ethereum ecosystem contributor Polygon Labs increased its zero-knowledge investment to $1 billion with its acquisition of the startup Toposware.</p>
<p>Polygon Labs, the entity behind <a href="https://crypto.news/price/polygon/" rel="noopener noreferrer nofollow">MATIC</a>’s ecosystem, has added the $30 million-valued blockchain builder Toposware to its zero-knowledge (ZK) development arsenal.&nbsp;</p>
<p>Zero-knowledge is a cryptographic technology that allows blockchains to confirm transactions without exposing details about the senders or receivers. The firm has become a frequent employer of the proof system for scaling its Ethereum-based layer-2 networks.&nbsp;</p>
<p>The <a href="https://x.com/0xPolygon/status/1797976686002336043" target="_blank" rel="noopener noreferrer nofollow">acquisition</a> onboards Toposware’s 11 engineers and development stack for what the MATIC developer describes as a “unified web3” vision. It’s the third punt on ZK tech after buying Hermez and Mir back in 2021.&nbsp;</p>
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   <p lang="en" dir="ltr">Today, we are so pleased to welcome <a href="https://twitter.com/Toposware?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Toposware</a>, zk to the Polygon Labs team.<br><br>Toposware helped develop the Type 1 zkEVM, and are a powerhouse of zk innovation and technology, having made significant progress on zk-based interoperability. <a href="https://t.co/hQ2dZ1mhsC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hQ2dZ1mhsC</a></p>— Polygon | Aggregated (@0xPolygon) <a href="https://twitter.com/0xPolygon/status/1797976686002336043?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 4, 2024</a>
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<p>You might also like: <a href="https://crypto.news/is-polygon-a-sleeping-giant-or-a-sinking-ship-analysis-of-matics-next-move/" rel="noopener noreferrer nofollow"> Is Polygon a sleeping giant or a sinking ship? Analysis of MATIC’s next move </a></p>
<h2 class="wp-block-heading" id="broader-implications-for-polygon-s-ecosystem">Broader implications for Polygon’s ecosystem</h2>
<p>The firms also boast a long-standing partnership due to joint work on a Type 1 zkEVM prover. Type 1 zkEVM provers enable any Ethereum Virtual Machine-compatible network to transition into ZK-proof-based chains, improving connectivity and operability with Ethereum’s (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) mainnet.&nbsp;</p>
<p>Acquiring Toposware also means the <a href="https://crypto.news/?s=polygon" target="_blank" rel="noopener noreferrer nofollow">Polygon</a> proof-of-stake (PoS) network will join the AggLayer, a decentralized protocol combining a cryptocurrency bridge and a ZK mechanism to boost cross-chain interoperability.</p>
<p>Polygon Labs CEO Marc Boiron said Toposware’s “deep cryptography and zero-knowledge expertise” represent a perfect fit for advancing the ecosystem and driving more open-source contributions throughout Ethereum’s community.&nbsp;</p>
<p>The focus on ZK tech also builds on a growing preference within the industry as a scaling mechanism for EVM chains. Other than ZK proof, developers also have the option to tap optimistic rollups for building L2 networks.&nbsp;</p>
<p>Technological stacks seek to achieve the game goal – making all EVM chains easier to use for both developers and users without degrading security and decentralization.&nbsp;However, experts like Vitalik Buterin have leaned toward ZK tech ahead of optimistic rollups, touting the former as a cheaper and faster offering.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/paul-oleary-on-how-polygons-zkevm-will-enhance-ethereum-scalability/" rel="noopener noreferrer nofollow"> Paul O’Leary on how Polygon’s zkEVM will enhance Ethereum scalability </a></p>

Polygon Labs acquires ZK builder Toposware for unified web3

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