Telos Foundation partners with Ponos Technology to develop advanced Ethereum Layer 2 network
2024-04-19 05:00:28 Eastern Standard Time
The Telos Foundation, known for its influential contributions to blockchain technology, today announced a strategic partnership with Ponos Technology, a leading company specializing in zero knowledge proof (ZKP) research and development, at TOKEN2049 in Dubai. did.
This collaboration leverages Telos' proprietary technology, SNARKtor, a decentralized recursive proof aggregator, to pioneer the development of an end-to-end optimized, hardware-accelerated Ethereum Layer 2 (L2) network. It is planned to be.
Leverage hardware and software synergy
This effort will take a hardware and software co-design approach. This is critical to achieving the scale of performance required by Ethereum's large user base.
Ponos Technology brings expertise in ZK proof solutions, particularly through FPGA acceleration that powers computation by integrating co-designed hardware and software modules.
This approach is expected to significantly improve scalability, data protection, and interoperability across the Ethereum platform.
What did the CEO of Ponos say?
Slobodan Lukovic, CEO and co-founder of Ponos Technology, highlighted the transformative potential of ZKP technology, which is similar to the evolution of AI.
As with steady advances in AI, algorithmic and hardware enhancements will commoditize ZKP, and improvements in efficiency and security will pave the way for widespread adoption across many industries.
Telos expansion plan
In addition to Ponos Technology, Telos is expanding its development network by partnering with some of the top organizations in the blockchain space.
These include Digital MOB, known for its work on high-profile projects such as MetaMask and MakerDAO. ATKA is a Paris-based Web3 incubator with a track record of nurturing successful projects. Cometh is led by Jerome de Tychey, President of ETH France and Telos' new technical EVM advisor.
John Lilic, executive director of Telos and a prominent figure in the blockchain industry, will coordinate the project. He emphasized the need for hardware and software co-design to achieve the next level of his zkEVM performance.
Our approach with Ponos Technology and an expanded partner network is designed to deliver high performance zkEVM L2 with hardware acceleration. This is important to support scalable and secure applications on Ethereum.
What are the upcoming releases for Telos?
Telos was founded in 2018 without an ICO or token sale and continues to drive innovation with two main networks: Telos EVM and Telos Zero.
The Telos team is hard at work preparing for EthCC in July, where we will be presenting the first demo of SNARKtor live from Brussels and preparing for the official launch of Telos L2.
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