The Block Crypto News15 minutes ago

Published on July 16, 2024 13:00 GMT+00:00edited on July 16, 2024 13:04 GMT+00:00

Researchers at Polygon Labs announced that Plonky3 — the latest version of the proving system for zero-knowledge proofs — is "production-ready" for developers.

With the latest version of its open source and modular proving system, Polygon aims to enable developers to build their own zero-knowledge virtual machines (zkVMs) or zero-knowledge Ethereum virtual machines (zkEVMs). These are customized blockchain environments capable of using zero-knowledge proofs to validate transactions’ validity — essential for scaling dapps.

Plonky3 is an advancement of Plonky2, launched in 2022 as a fast ZK proving system. Plonky3 has decreased the time required to generate proofs, making it faster than Plonky2. This improvement will further reduce the computational overhead and costs associated with …