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Why Polygon’s latest acquisition is important and what it means for MATIC
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cnbctv18.comIndia-based Polygon network has been on an acquisition spree with a vision to scale up the ethereum ecosystem. The ethereum-powered network has now acquired a zero-knowledge (ZK) protocol developer, Mir, for around USD 400 million.
In its native currency MATIC, this translates to around 250 million tokens priced at USD 1.6 each.The ZK protocol enables transaction authenticators to validate encrypted data without accessing the data. Mir has developed an iterative ZK algorithm that allows it to generate verification proofs within 170 milliseconds.
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