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The Telos Foundation has revealed the details of a new partnership with Ponos Technology, the leading Zero Knowledge Proof (ZKP) research and development firm, which will see the two companies work together develop an end-to-end optimized, hardware-accelerated Ethereum Layer 2 network featuring SNARKtor, the Telos-developed decentralized recursive proof aggregator.<\/span><\/p>\n The new partnership was announced today at TOKEN2049 in Dubai, one of the world\u2019s premier crypto conferences.<\/p>\n Teams from Telos<\/a> and Ponos Technology<\/a> will take a hardware-software co-design approach that will help unlock new possibilities in terms of massive scalability, greater data protection and trustless interoperability for Ethereum users globally.<\/span><\/p>\n Ponos Technology provides end-to-end optimized solutions for ZK proving, which is essentially achieved by leveraging FPGA acceleration, thus maximizing business value streams through cost-performance optimized computation by matching hardware-software co-designed modules and dedicated execution environments. The team includes a unique blend of experienced scientists and highly skilled industry experts that have accumulated deep technical knowledge on all aspects of ZKPs.<\/span><\/p>\n Slobodan Lukovic, CEO and co-founder, Ponos Technology, said:<\/span><\/p>\n \u201cZero Knowledge technology is going to become increasingly mainstream and can open the door to increased efficiency and security across so many industries. <\/span><\/p>\n \u201cSimilarly to AI, steady enhancements in algorithms coupled with advancements in underlying hardware infrastructures will enable commoditization of ZKPs and result in the technology being widely adopted in the near future.\u201d<\/span><\/p>\n<\/blockquote>\n Telos will also be working with several other new partners during the development cycle, including:<\/span><\/p>\n Telos Executive Director John Lilic, who helped lead pioneering teams at ConsenSys and Polygon in addition to being a Top 50 Web3 angel investor, will help coordinate and support the transformation. He will work closely with Alberto Garoffolo, Head of ZK technology at Telos and co-author of the <\/span>SNARKtor whitepaper<\/span><\/a>, and Jesse Schulman, CTO and Head of Engineering at Telos.\u00a0<\/span><\/p>\n Announcing the new partnership, John Lilic said:<\/p>\n \u201cFundamentally, Ethereum will need to take a hardware-software co-design approach in order to realize zkEVM performance at tremendous scale.<\/span><\/p>\n \u201cThat\u2019s the approach we\u2019re taking with Ponos Technology and our growing partner network as we build a hardware-accelerated zkEVM L2. We believe that this formula, alongside the exciting work our team is doing with recursive proofs via SNARKtor, is going to offer compelling services to the Ethereum community and beyond.\u201d<\/span><\/p>\n<\/blockquote>\n Telos was created in 2018 through a \u201cfair drop\u201d network launch that did not include an ICO nor token sale. Over the past six years, the Telos Foundation has helped steward the development of two primary networks \u2013 Telos EVM and Telos Zero \u2013 and will now also focus on building a\u00a0 highly performant and succinctly provable L2 zkEVM.<\/span><\/p>\n\n
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