Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer 2 solutions.Polygon co-founder Sandeep Nailwal believes the layer 2 blockchain firm is reaping the benefits of allocating $1 billion to develop zero-knowledge proof powered scaling solutions for the Ethereum ecosystem.
“Firstly, infinite, unlimited unbounded scalability and unified liquidity for value to be transferred. There cannot be 100 chains with the value distributed across and they cannot interoperate.” “The moment those two proofs are submitted on Ethereum layer, we have a mechanism where we have a global state route on Ethereum and then any kind of liquidity can move across the chain without coming to Ethereum.”holds the key to this aggregator layer which Nailwal expects to be deployed in the coming months.
The Polygon co-founder believes that cross chain transactions could be executed in 4 to 5 seconds, one third of an Ethereum block time, which will begin to feel “like one single big block space.”
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