Polygon Develops New Type 1 Prover to Unlock ZK-Proof Functionality for Ethereum Ecosystem Chains
Polygon, a scaling protocol for Ethereum, has recently announced the development of a new Type 1 prover that will allow ecosystem chains, such as optimistic rollups, to utilize zero-knowledge proofs (ZK-proofs) on their layer-2 platforms.
In an exclusive interview with Cointelegraph, Polygon co-founder Brendan Farmer revealed that the technology, which was created in collaboration with Toposware, has been in the works for a year and will enable the generation of ZK-proofs for mainnet Ethereum blocks at a cost of only $0.002 to $0.003 per transaction. The Type 1 prover will be available as open source on GitHub and is dual licensed under MIT and Apache 2.0.
“A Type 1 prover is essentially the final form of a zkEVM. It empowers us to upgrade any existing chain, whether it’s the Ethereum layer 1, an optimistic rollup, or an alternative L1, into a zkEVM L2 that can seamlessly connect to both Ethereum and Polygon’s aggregation layer, allowing for trustless participation in the Polygon ecosystem,” explained Farmer.
This breakthrough development comes at a time when the crypto world is facing increased scrutiny and regulation from the US government. However, with the release of this new Type 1 prover, the potential for a more secure and efficient crypto landscape becomes a reality.
Other exciting developments in the crypto world include the release of the Dreamcast Web Browser 3.0, which promises to revolutionize web browsing for crypto enthusiasts, and the growing popularity of the Brave Browser, known for its support of Web 3.0 and its potential to become the go-to browser for crypto users. With the best crypto sources being shared on platforms like Reddit, the future looks bright for the crypto world today.
Efficiency and Cost Improvements in Layer-1 Prover Technology for the Crypto Industry
The crypto industry has long debated the practicality and cost-effectiveness of a layer-1 prover. However, recent developments have shown significant improvements in both efficiency and cost, making this technology a viable option.
These advancements have far-reaching implications for the Ethereum ecosystem. With the ability to generate ZK-proofs for any EVM chain, the technology serves as a public good, eliminating the need for users and services to maintain a full node.
The Polygon co-founder, Farmer, envisions a future where Ethereum L1 utilizes this technology, allowing for node-level security guarantees without the hassle of running a full node. This would be a significant step towards a more efficient and accessible crypto world.
Furthermore, with the emergence of web 3.0 browsers like Brave and Dreamcast, the potential for widespread adoption of this technology is even greater. As the US government continues to regulate the crypto industry, advancements like these are crucial for its growth and success.
In conclusion, the efficiency and cost improvements in layer-1 prover technology are a game-changer for the crypto world today. With the potential to revolutionize how we interact with and secure the blockchain, this technology is undoubtedly a good crypto source and a dream come true for many in the industry.
Polygon’s zkEVM: A Game-Changer for Crypto Regulation in the US
Polygon’s recent announcement introduces the concept of zkEVM, a framework proposed by Ethereum co-founder Vitalik Buterin. This framework offers four different levels of compatibility with Ethereum and its EVM, ranging from Type 1 to Type 4.
The Type 1 prover, considered to have the highest level of compatibility, enables the generation of proofs for EVM chains with modifications or migrations. These proofs retain the essential execution logic, including storage structure and hash functions.
One of the most significant advantages of this technology is its ability to support optimistic rollups, a popular Ethereum L2 protocol that bundles transactions off-chain and submits proofs to the mainnet. This integration allows optimistic rollups to overcome their most significant drawback – a seven-day lock-up period for funds.
“With the Type 1 prover, we anticipate a significant influx of optimistic rollups joining the Polygon ecosystem, providing a much more user-friendly experience. This is especially beneficial when you consider the high costs users currently incur to use third-party bridges and avoid the seven-day withdrawal delay, which adds up to a staggering eight-figure sum,” explained Farmer.
The Ethos of Ethereum: Polygon’s Decision to Make Technology Open Source
When asked about the reasoning behind Polygon’s choice to release their technology as open source, co-founder Sandeep Nailwal explained that it aligns with the core values of Ethereum. According to Nailwal, actions speak louder than words, and making their technology available to the wider ecosystem is a testament to their commitment to the Ethereum community.
Recognizing the potential impact and benefits of open source technology, Polygon sees it as a public good that should be accessible to all. This aligns with their vision of creating a more inclusive and collaborative crypto world.
Polygon 2.0: The Future of Cross-Chain Coordination
In an interview with Cointelegraph in December 2023, Polygon co-founder Jordi Baylina shared their plans for the future. He revealed that they are working towards integrating their scaling networks and technology to complete their “Polygon 2.0” cross-chain coordination protocol by 2024.
This ambitious project aims to bring together various blockchain networks and enable seamless communication and transactions between them. With this, Polygon hopes to further advance the capabilities and potential of the crypto world.
The Role of Crypto in US Regulation and Government
The growing popularity and influence of cryptocurrencies have caught the attention of governments worldwide, including the US. The debate surrounding crypto regulation in the country has been ongoing, with various perspectives and opinions being presented.
Some view crypto as a disruptive force that needs to be closely monitored and regulated, while others see it as a potential catalyst for economic growth and innovation. As the discussions continue, the crypto community eagerly awaits the outcome and impact of the US government’s decisions on the future of this digital asset.
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