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Home»ALTCOIN NEWS»Polygon (MATIC) Aims for Innovative zkVM Features with New AggLayer Contributor
ALTCOIN NEWS

Polygon (MATIC) Aims for Innovative zkVM Features with New AggLayer Contributor

By Crypto FlexsJuly 25, 20243 Mins Read
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Polygon (MATIC) Aims for Innovative zkVM Features with New AggLayer Contributor
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  • Polygon (MATIC) Labs announced plans to launch Binius-based zkVM in collaboration with Irreducible.
  • Ethereum co-founder Vitalik Buterin has praised Vinius as a game changer in cryptographic proof-of-concept efficiency.
  • Binius-based zkVM is the latest of several features being added to AggLayer.

The promise of zero-knowledge technologies to create more secure, scalable, and privacy-preserving blockchain solutions has generated significant interest in the tech world in recent years, even sparking a slogan. “ZK is the endgame” It is one of the projects seeking to scale Ethereum.

One team pushing the boundaries of what’s possible in this space is Polygon (MATIC) Labs. Last year, the team unveiled an aggregated chain architecture that aims to scale Ethereum infinitely by horizontally connecting as many ZK-based chains as possible.

In the most recent example, the team announced a collaboration to develop zkVM, a novel concept that Ethereum co-founder Vitalik Buterin has touted as a game-changing concept in cryptographic proof efficiency.

Polygon (MATIC) Labs X Irreducible

Polygon (MATIC) Labs is gearing up for another ZK leap. On Tuesday, July 23, the team announced that it is the latest team to jump on board as a contributor to AggLayer, with popular ZK team Irreducible planning to develop the first Binius-based zkVM for the ecosystem.

For the uninitiated, Binius is a computational proof technique pioneered by Irreducible that utilizes a special mathematical structure called a binary field to make cryptographic proofs more efficient. The concept has been gaining attention in recent months, thanks to praise from Ethereum co-founder Vitalik Buterin. In April 2024, Buterin claimed that Binius had taken the evolution of proof techniques “to its logical conclusion, creating a proof system that runs faster by directly operating on 0s and 1s.”

Irreducible joins the list of people contributing to AggLayer development. 🌊

Polygon Labs and @IrreducibleHW We are building a production-grade zkVM based on Binius, applying the groundbreaking properties of binary fields to verifiable off-chain computation problems. pic.twitter.com/0kWvlPndOO

— Polygon | Aggregation (@0xPolygon) July 23, 2024

Polygon (MATIC) Labs plans to combine its engineering expertise with Irreducible’s mathematical expertise to take this groundbreaking achievement from concept to product. Interestingly, Polygon (MATIC) Labs stated that the specific role of Binius-based zkVM in AggLayer is unclear. Still, they noted that given the variety of blockchain use cases, it is wise to have as many options as possible.

“It’s still unclear exactly where Binius-based zkVM will be used in AggLayer, and its exact application will be determined once it’s built. However, the explosion of zkVM and zkEVM over the past two years is evidence that there is no single zkVM or zkEVM that is right for all blockchain use cases,” the team wrote.

Irreducible expands the list of contributors to AggLayer, including Succinct Labs (SP1), Gateway FM, Espresso Systems, Near (zkWASM prover), and Union.

On the other side

  • Binius-based zkVM may not be released until 2025, with a testnet scheduled for late 2024.
  • The role of Binius-based zkVM in the Polygon ecosystem is still unclear, other than providing more options for developers.

Why this matters

Polygon (MATIC) is looking to connect as many chains as possible to Ethereum using ZK technology. The recent collaboration between Polygon (MATIC) Labs and Irreducible is likely to be another leap forward in the ZK space, while also providing more use cases for developers building with Polygon technology.

To learn more about Polygon (MATIC), read:
Polygon’s MATIC to POL Migration Coming in September: What This Means for You

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