Latest Information About Zisk: Cryptocurrency and Zero-Knowledge Technology
Disruptive Transformation in the Field of Blockchain
On June 18, industry sources in the cryptocurrency sector confirmed that, according to The Block, Jordi Baylina, co-founder of Polygon, led the zkEVM team to establish an independent company named Zisk. Instead of maintaining traditional Ethereum networks, this new project focuses on harnessing zero-knowledge proof (zkVM) technology capable of minimizing latency, enhancing blockchain scalability, and protecting user privacy. In other words, Zisk will build an open-source zkVM platform that allows transaction validation without revealing underlying information, a groundbreaking improvement in the blockchain industry.
Transfer of Ownership and Technology Development
According to Zisk's announcement, the project has been incubated since May 2024 within Polygon Labs, before officially becoming an independent organization on June 13. During the transition, all intellectual property related to zkEVM and the development team was transferred to SilentSig Switzerland GmbH – a company wholly owned by Baylina. Thus, Zisk plays a central role in developing real zkVM proof solutions, aimed at expanding the application capabilities of cryptocurrency in the layer 2 blockchain field and platform scaling.
The Potential of Zero-Knowledge Technology in Cryptocurrency
Zero-knowledge proof technology has made breakthroughs in enhancing security and expanding the processing capabilities of blockchain networks. Zisk focuses on building an optimized zkVM to validate transactions in real time while maintaining the highest possible privacy. As a result, layer 2 blockchains can alleviate loads, enhance user experience, and ensure data integrity without sacrificing privacy. This technology promises to reshape the future of cryptocurrency and scaling solutions in the industry as more projects apply zkVM into their ecosystem.
The Future of Zisk in the Cryptocurrency Market
With the emergence of Zisk, the cryptocurrency market is welcoming a significant shift in zkVM technology. Developers, users, and investors all hope that this platform will drive an explosion of blockchain solutions not only in scaling but also in enhancing privacy protection. As Zisk aims to provide fast, flexible, and secure zero-knowledge proofs, this project promises to become a pillar in the blockchain ecosystem in the near future.
Source: https://tintucbitcoin.com/polygon-phat-trien-spin-offs-va-zisk/
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