Polygon has revealed an acquisition deal that will see the Ethereum Layer-2 platform buy Predictive Labs and its Mir blockchain in a $400 million deal.
Developers Predictive Labs specialize in zero-knowledge roll-up technology, which is gaining traction as a viable privacy and scaling solution.
With one eye on the future, the deal forms part of Polygon’s wider strategy to reduce Ethereum gas fees and speed up its transactions.
But with so many Layer-2s, for example, in Arbitrum, Optimism, and Immutable-X, to name a few, is the Ethereum ecosystem getting overcrowded?
Polygon hosted the zk Summit
Polygon hosted the zk Summit on Thursday, which they billed as the leading space to discuss zero-knowledge technology.
Zero-knowledge refers to a verification method in which one party (the prover) can prove to another (the verifier) that a statement is true without revealing information about said statement.
There are variations to this, such as zk-SNARKs, in which the prover and ver
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