Telos partners with Ponos Technology to develop hardware-accelerated Ethereum L2 zkEVM network

Dubai, United Arab Emirates, April 19, 2024, Chainwire

The Telos Foundation today collaborated with Ponos Technology, a leading Zero Knowledge Proof (ZKP) research and development company, to create an end-to-end optimized, hardware-accelerated Ethereum Layer 2 platform powered by SNARKtor developed by Telos. announced that it would develop a network. A distributed recursive proof aggregator. The team will take a hardware and software co-design approach that will unlock new possibilities in massive scalability, better data protection, and trustless interoperability for Ethereum users around the world.

Ponos Technology provides an end-to-end optimized solution for ZK proofs. This is essentially achieved by leveraging FPGA acceleration, allowing hardware and software to match co-designed modules and dedicated execution environments to drive business value through cost-performance-optimized computation. maximize. The team comprises a unique blend of experienced scientists and highly skilled industry experts who have accumulated deep technical knowledge in all aspects of ZKP.

“Zero-knowledge technology will become increasingly mainstream and can open the door to increased efficiency and security in so many industries,” said Slobodan Luković, CEO and co-founder of Ponos Technology. I am. “Similar to AI, steady enhancements in algorithms and advances in the underlying hardware infrastructure will enable the commoditization of ZKP and lead to widespread adoption of this technology in the near future.”

Telos will also work with several other new partners during the development cycle, including:

• Digital MOB – One of the strongest teams of Ethereum developers in the world, who have worked on projects such as MetaMask, MakerDAO, and Gnosis, among others.
• ATKA – an end-to-end Web3 incubator based in Paris that helps incubate world-class projects such as Morpho and Mangrove, Telos announced a strategic partnership in March 2024.
• Cometh – Award-winning development team. A development team led by ETH France President Jerome de Tychey. He also joined Telos as a Technical EVM Advisor in March 2024.

In addition to maintaining his role as a top 50 Web3 angel investor, Telos Executive Director John Lilic will help lead the pioneering teams at Consensys and Polygon, helping orchestrate and support their transformation. Masu. He will work closely with Alberto Garoffolo, his ZK head of technology at Telos and co-author of the SNARKtor white paper, and Jesse Schulman, his CTO and head of engineering at Telos.

“Essentially, Ethereum needs to take a hardware and software co-design approach to achieve zkEVM performance at incredible scale,” Lyric said. “This is the approach we are taking with Ponos Technology and our growing network of partners as we build the hardware-accelerated zkEVM L2. In parallel with the exciting work we are doing in proof-of-concept, we believe we will provide a compelling service to the Ethereum community and beyond.”

Telos was founded in 2018 through the launch of the Fairdrop network, which did not involve an ICO or token sale. Over the past six years, the Telos Foundation has helped manage the development of her two major networks, Telos EVM and Telos Zero, and will now focus on building a high-performance, easily provable L2 zkEVM. I will continue to do so.

Further details about Telos L2 will continue to be announced leading up to July's EthCC, where Telos is a major sponsor. The Telos team will be live in Brussels from his EthCC and broadcast the first demo of SNARKtor to the world as a precursor to the official launch of Telos L2.

About Telos

Telos is a decentralized blockchain ecosystem that includes Telos EVM, tested as the world's fastest Ethereum virtual machine, and its high-speed consensus layer, Telos Zero. The project also focuses on extending capabilities with new zero-knowledge technologies through the development of a hardware-accelerated Ethereum Layer 2 network powered by SNARKtor to enhance privacy and scalability for global use cases. It is expected that. Telos is overseen by the Telos Foundation, an ownerless foundation dedicated to the advancement of the Telos blockchain network and its community.

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