Fun

Polygon launches upgraded ZK proving system Plonky3

News Feed - 2024-07-16 10:07:00

Josh O"Sullivan11 hours agoPolygon launches upgraded ZK proving system Plonky3Polygon Labs unveils Plonky3, enhancing Ethereum scalability with improved zero-knowledge proof configurations and modular flexibility for developers.17149 Total views45 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksPolygon Labs has announced the production readiness of Plonky3, Polygon’s next generation of zero-knowledge (ZK) proving systems.


Plonky3 is designed to give developers modular, flexible options when building zero-knowledge virtual machines and zero-knowledge Ethereum Virtual Machines.


This upgrade to the previous Plonky2 model will be open source and available under the MIT/Apache license, a dual license that enables users to freely use, modify and distribute software.


Related:TON Application Chain and Polygon team up to launch new TON L2Step up from Plonky2


Plonky3 is a step up from Plonky2 and provides an improved toolkit for developers, allowing them to be more modular and flexible.


In a written Q&A with Cointelegraph, Daniel Lubarov, co-founder of Polygon, explained that Plonky3 “builds on the successes of Plonky2,” which previously set “a high standard for the industry.”“Plonky3 takes this a step further by providing a toolkit that supports a wide range of configurations, enabling developers to optimize for speed, proof size, or a balance of the two depending on their needs.”


Related:Aptos launches keyless wallets that use ZK-proofs to verify identitiesEthereum scalability implications


Plonky3 hopes to significantly improve Ethereum’s scalability, emboldened by Polygon Labs’ long-emphasized importance of ZK technology for Ethereum’s growth.


Discussing Plonky3’s impact on Ethereum and its performance compared to its predecessor, Lubarov explained that it was “difficult to draw fair comparisons among ZK proving systems.”“Each system has its strengths and weaknesses, both in terms of the types of computations it excels at proving as well as the hardware that it performs best on."


Lubarov explained the implications of the ZK proving system upgrade for Ethereum scalability, stating that “for certain computations and configurations, Plonky3 is about 5–10x faster than Plonky2.”


Related:Polymarket monthly volume hits $100M as presidential race heats upPolygon Labs brings EVM to the TON ecosystem


TON Application Chain and Polygon Labs announced on July 9 that the TON layer 2 had integrated Polygon CDK to bring EVM-compatible decentralized applications to TAC.


The integration aims to increase the number of applications available to TON users, including identity solutions, gaming and decentralized finance (DeFi).


Pavel Alktukhov, CEO of TAC, told Cointelegraph that the EVM compatibility would remove barriers to TON Network use and increase interest in DeFi and gaming finance.


Magazine:Ether ETFs on the move, Messi promotes memecoin, and more: Hodler’s Digest, July 7-13# Blockchain# Cryptocurrencies# TON# Ecosystem# Scalability# DeFi# PolygonAdd reaction

News Feed

Solana’s Bullish Comeback Sparks Buzz With 2,500% Surge Projection
Este artículo también está disponible en español. Is Solana crypto ripe for a possible huge price rally? Some market analysts believe it does, seeing that the crypto is m
Nvidia claims breakthrough on path to GPU-based quantum computing
Tristan Greene3 hours agoNvidia claims breakthrough on path to GPU-based quantum computingQuantum annealing systems could impact the finance and blockchain industries in a major way.2765 Total views6 Total sharesListen t
Ethereum’s supply has been inflating for 73 days straight
Tom Mitchelhill5 hours agoEthereum’s supply has been inflating for 73 days straightThe supply of ETH has gradually increased since mid-April, with the Dencun upgrade decreasing competition for block space on the mainne
Crypto Exchange FTX Buys Blockfolio for $150 Million in Effort To Expand Retail Presence
Crypto Exchange FTX Buys Blockfolio for $150 Million in Effort To Expand Retail PresenceCryptocurrency derivatives exchange FTX has acquired the popular portfolio tracking app Block
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning According to Agustin Carstens, the head of the Bank for Internat
Binance sued in Canada, CZ could serve 36 months in prison: Law Decoded
David Attlee4 hours agoBinance sued in Canada, CZ could serve 36 months in prison: Law DecodedCryptocurrency exchange Binance is under legal pressure in Canada and the Philippines, while U.S. prosecutors are demanding 36
How Solana is transforming cross-border agricultural trade
Arijit Sarkar11 hours agoHow Solana is transforming cross-border agricultural tradeAgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of
Zhiyuan Sun7 hours agoBinance halts onboarding of new UK usersThe move comes after the Financial Conduct Authority imposed restrictions on its United Kingdom partner REBS.2860 Total views8 Total sharesListen to article 0
VanEck says Bitcoin could hit $2.9 million per coin by 2050
Alex O’Donnell6 hours agoVanEck says Bitcoin could hit $2.9 million per coin by 2050Bitcoin layer 2s could be collectively worth around $7.6 trillion, the report added.2072 Total views4 Total sharesListen to article 0:
Hong Kong virtual bank Mox Bank launches crypto ETF trading
Martin Young3 hours agoHong Kong virtual bank Mox Bank launches crypto ETF tradingThe Standard Chartered subsidiary says it"s the first bank of its kind to offer spot Bitcoin and Ether ETF trading to customers.2404 Total
Bitcoin miner Riot says chip shortage, climate-focused regs are risks to profit
Brayden Lindrea3 hours agoBitcoin miner Riot says chip shortage, climate-focused regs are risks to profitAs part of its annual report’s risk disclosures section, Riot Platforms said it expects to continue paying “hig
Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets
Osprey Vies for Control of Grayscale"s Bitcoin Trust; Tron"s Justin Sun Offers to Invest Up to $1B on DCG Assets Following charges by the U.S. Securities and Exchange Commission ag