Polygon co-founder Jordi Baylina is separated from a new zero-knowledge project called Zisk, a standalone program designed to support multiple programming languages and accelerate the adoption of decentralized technologies.
The new company said in a social media post Wednesday that Zisk is a fully open source zero-knowledge virtual machine (ZKEVM) originally developed in Polygon. Baylina said his main focus will shift to developing Zisk, but he will continue to serve as the polygon.
The spinoff led by Baylina will house seven developers, describe As the “core thinking behind the polygon Zkevm promotional video”. According to Zisk, the development team has worked together for at least three years.
Zisk is described as modular in design, supporting high-level languages such as Rust.
Zero-knowledge technology has long been considered Change the rules of the game for blockchain infrastructureespecially when addressing Ethereum’s long-term scalability and gas fee restrictions. As a layer 2 scaling solution, ZKEVMS increases transaction throughput when relying on privacy encryption.
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Sandeep Nailwal becomes CEO of the Polygon Foundation
Zisk rotates from polygon shortly after Sandeep Nailwal gains full executive control Polygon Foundation, oversees the polygon laboratory and the wider tier ecosystem.
While Nailwal has long been the face of Polygon, he is now the foundation’s first CEO.
Leadership follows Exodus from Polygon Co-founder Mihailo Bjelichas served on the foundation’s board of directors. Nailwal describes Bjelic as “the power behind the importance of making Polygon today.”
In addition to polygon POS, one of the foundations The core focus is Agglayeraims to optimize cross-chain liquidity and unify the interoperability layer of fragment chains.
Competition in Ethereum’s 2-layer space is intensifying as companies compete to build new infrastructure to enter the world of token assets in traditional financial terms.
As Reported by Cointelegraph Magazinetraditional financial institutions plan to provide billions of dollars in real assets to billions of dollars through customized L2S.
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