Polygon Executive Pivots Roles To Developing ZK Proof Tech

Polygon Govt Pivots Roles To Growing ZK Proof Tech

Polygon Labs has gone thru a key structural change to toughen its focal level on constructing zero-knowledge (ZK) technology alternate choices. On Tuesday, the applying company announced that it had expanded the co-founder and government chairman Sandeep Nailwal’s diagram to chief change officer (CBO).

“He continues to work exhausting to lag adoption of the Agglayer to boot to Polygon’s modern zk alternate choices in verticals including DeFi, gaming, dePIN, AI and NFTs,” wrote Polygon Labs to Twitter.

Polygon Doubles Down On ZK Proofs

In a follow-up commentary, Nailwal told followers that he’d spent the past 18 months engaged on “strategic things” related to transforming Polygon real into a fully-fledged ZK protocol.

“With most of these transitions entire, its time for me to refocus on what I originate the suitable,” he tweeted. “Hence I am taking up as CBO. One more round! Let’s originate this.”

Past 18 months I even had been engaged on a quantity of strategic things, namely related to transitioning Polygon fully real into a modern ZK protocol. With most of these transitions entire, its time for me to refocus on what I originate the suitable.
Hence I am taking up as CBO. One more… https://t.co/O17nLJJg4N

— Sandeep | AggLayer 👿 (@sandeepnailwal) Would possibly perchance per chance 28, 2024

Polygon is a multichain Ethereum layer-2 (L2) resolution designed to realize Ethereum-essentially based transactions sooner and more interior most. One in every of its chains is known as Polygon zkEVM – a “rollup” that batches transactions collectively sooner than settling them to Ethereum’s irascible layer in a decentralized formula.

Nailwal’s Efforts At Polygon

Nailwal plans to focal level his efforts on Polygon CDK, a application construction kit for someone having a sight to assemble different Ethereum L2s. He’ll aid assemble tools related to ZK proofs, which let one part repeat consciousness of a particular rate to others with out revealing the rate itself.

His diagram as government chairman can even proceed – as will his efforts in constructing Agglayer, outlined as “a decentralized network that connects chains for shared divulge and liquidity.”

Ethereum’s irascible layer underwent the Dencun upgrade in March, allowing rollup chains adore Polygon zkEVM, Arbitrum, and Optimism to decrease transaction prices by 90%.

In early Would possibly perchance per chance, Polygon launched the alpha model testnet for Polygon Miden, its most modern ZK rollup resolution, allowing consumer-side proving and increased privateness.

Polygon’s governance token MATIC is for the time being the 18th largest cryptocurrency by market cap. Its rate has fallen considerably since mid-March, from $1.27 to $0.72 this day.

Source : cryptonews.com