Polygon Acquires Ethereum Scaling Startup Mir for $400M in MATIC

Polygon Acquires Ethereum Scaling Startup Mir for 0M in MATIC
Ethereum layer 2 Polygon is continuing to expand its list of scaling technologies.On Thursday, Polygon announced a $400 million acquisition of Mir, a project focusing on zero-knowledge proofs. The announcement was made at Polygon’s “zk day” virtual event by co-founders Mihailo Bjelic, Jaynti Kanani and Sandeep Nailwal.According to a press release provided to CoinDesk, Mir’s system generates recursive zero-knowledge proofs that allow “allow many Ethereum transactions to be verified with a single tiny proof.” This will purportedly make Mir one of the fastest and most efficient layer-2 options. Zero-knowledge proofs are a cryptography technology that allows for the verification of…