Polygon Labs acquires Toposware, a ZK builder, for unified web3 development.

Zero-knowledge is a cryptographic technology that enables blockchains to authenticate transactions without revealing specifics about the senders or recipients. The company has increasingly utilized the proof system to scale its Ethereum-based layer-2 networks, marking its third investment in ZK technology after acquiring Hermez and Mir in 2021. Polygon Labs CEO Marc Boiron expressed that Toposware’s proficiency in deep cryptography and zero-knowledge makes it an ideal fit for advancing the ecosystem and fostering more open-source contributions within Ethereum’s community.

The emphasis on ZK technology aligns with the industry’s growing inclination towards it as a scaling mechanism for EVM chains. Alongside ZK proof, developers also have the choice to utilize optimistic rollups for constructing L2 networks. Both technological stacks aim to achieve the shared objective of enhancing the accessibility of EVM chains for developers and users while preserving security and decentralization.

Notably, figures like Vitalik Buterin have shown a preference for ZK tech over optimistic rollups, citing its cost-effective and faster nature.

Leave a Reply

Your email address will not be published. Required fields are marked *