Polygon Zero Unveils Plonky2, Claims It’s the World’s Fastest ZK-Rollup Technology

Published by BingX Official at 2022-01-12

Today’s Cryptocurrency Headline

According to Polygon’s official Twitter, its “Plonky2” technology has set a new milestone in speed and scalability, which may be a major breakthrough in ZK-rollup technology. In a blog post, the Polygon team wrote, “Plonky2 is a recursive SNARK that is 100x faster than existing alternatives and natively compatible with Ethereum. It combines PLONK and FRI for the best of STARKs, with fast proofs and no trusted setup, and the best of SNARKs, with support for recursion and low verification cost on Ethereum.” The announcement follows a string of acquisitions by Polygon in recent months. In December last year, Polygon announced the acquisition of blockchain scaling development team Mir Protocol for $400 million, and the Mir team has since changed its name to Polygon Zero.

BingX’s Bitcoin Chart

Source: TradingView& BingX

BTC has rebounded above the $42,000 price level on Tuesday. Buyers are returning to the market, but the upside appears to be restricted to the $45,000 price level. There are no signs showing that BTC has come out of bearish sentiment. However, the Crypto Fear & Greed Index is showing that the market is still in the extreme fear territory.

Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.