Ethereum

2024

April

Foundation

Telos

In a momentous announcement at TOKEN2049, Telos <a href="https://www.telos.net/post/telos-to-develop-a-hardware-accelerated-zkevm-layer-2-in-partnership-with-ponos-technology" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">revealed</a> a groundbreaking collaboration with Ponos Technology to develop a hardware-accelerated zkEVM L2 Ethereum network. Led by Executive Director&nbsp; John Lilic, the unveiling marks a significant milestone for Telos.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 Today at <a href="https://twitter.com/hashtag/TOKEN2049?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#TOKEN2049</a>, our Executive Director <a href="https://twitter.com/ChiefOfTelos?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@ChiefOfTelos</a> announced that Telos has initiated the development of a hardware-accelerated zkEVM L2 network, in collaboration with <a href="https://twitter.com/PonosTechnology?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@PonosTechnology</a>. This marks a significant milestone in our journey to enhance blockchain… <a href="https://t.co/abuhGsubSn" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/abuhGsubSn</a>— The Telos Foundation (@HelloTelos) <a href="https://twitter.com/HelloTelos/status/1781234946876530938?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 19, 2024</a>
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While formally introduced at TOKEN2049, the teams have been quietly laboring on this initiative, combining hardware and software expertise to forge a novel approach to network construction.
This innovative method promises enhanced zkEVM performance at scale, reducing latency, and boosting cost and energy efficiency.&nbsp;
Spearheaded by Telos’ Head of ZK Technology, Alberto Garoffolo, the network will harness the power of SNARKtor, a decentralized recursive proof aggregator.&nbsp;
John Lilic said, “Fundamentally, Ethereum will need to take a hardware-software co-design approach in order to realize zkEVM performance at tremendous scale. That’s the approach we’re taking with Ponos Technology and our growing partner network as we build a hardware-accelerated zkEVM L2.”
In addition to Ponos, a coalition of key partners is joining forces to develop, distribute, and raise awareness of the network.&nbsp;
Among them are Digital M.O.B., renowned for their Ethereum prowess with projects like MetaMask and MakerDAO; ATKA, a Paris-based web3 incubator known for nurturing projects like Morpho and Mangrove; and Cometh, led by ETH France President Jerome de Tychey, who now advises Telos on technical EVM matters.
Despite the immense promise of ZK technology, developers have faced challenges in achieving both rapid speeds and top-notch security at scale.&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/18/ey-automates-contracts-using-zk-proofs-on-ethereum/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">EY Automates Contracts Using ZK-Proofs on Ethereum</a>
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Telos & Ponos Unveil Ethereum L2 Partnership at TOKEN2049

The Crypto Times

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