1⃣ Incredibly fast: 0.17 secs to generate recursive proofs on a laptop; by far the fastest implementation available today.
2⃣ Ethereum friendly: Can support #ETH txns & is practical to verify on Ethereum L1.
3/5 🚀 Furthermore, the unique features of #Plonky2 open the door for future engineering breakthroughs such as horizontal scaling of blockchain networks, where the throughput increases with every node that gets added to the network.
1/8 It's official: #Polygon welcomes @MirProtocol, a groundbreaking ZK startup in a $400M deal!
Mir's amazing team developed the world’s fastest ZK scaling tech; we are joining hands to utilize it and build Polygon Zero - a highly-scalable, Ethereum-compatible ZK Rollup. 🦄💫
2/8 We recently announced our strategic focus & $1B funds for ZK-based solutions.
1/7 💫 We are proud to reveal the newest member of the Polygon family - Polygon Miden, an upcoming STARK-based, EVM-compatible Rollup!
The project is led by @bobbinth, former Facebook's lead ZK researcher who led the development of Winterfell.
A 🧵 on why this is exciting...
2/7 We recently announced our strategic focus and $1B fund for ZK-based solutions.
Following the announcements of @0xPolygonHermez (and zkEVM) and Polygon Nightfall, we are continuing our quest to become the ZK powerhouse with our work on Polygon Miden.
We have started collaboration with EY, a global professional services and technology firm, on building Ethereum scaling and enterprise solutions!
As part of this collaboration, we will work on Polygon Nightfall, a privacy-focused Rollup!
2/9 EY announced Nightfall in 2019 as a set of protocols for enabling private transactions on Ethereum.
Although it is a great contribution that quickly gained a lot of attention, Nightfall's wider adoption was hindered by congestion and high gas fees on the Ethereum mainnet.
3/9 The EY team started exploring Ethereum scaling solutions to mitigate these challenges and eventually released Nightfall 3 - the latest, scalable version of Nightfall.
Along the way, the EY team started collaborating with Polygon, and the idea Polygon Nightfall was conceived.
We are announcing a strategic focus on ZK-based scaling solutions and $1B in funding for this effort.
As our first big foray into the exciting world of ZK, we are excited to announce the merger/acquisition of @hermez_network! 🔥
Thread.. 🧵
2/14 Six months ago, when we announced Polygon, there was a pressing need to scale Ethereum and our PoS chain turned out to be the best immediate solution/relief.
Now both Polygon and Ethereum are in a better place, so we believe it is the right time to focus more on innovation.
3/14 We have been actively experimenting with all major scaling technologies since 2017.
Based on what we have learned, we believe that ZK crypto is our best bet to build the solutions we all want and deserve.