Live from TOKEN2049: Telos broadcasts Ethereum Layer 2 partnership with Ponos Technology

3:24 pm
April 19, 2024
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  • Telos has printed the main points of a brand new partnership with Ponos Technology to broaden a hardware-accelerated Ethereum L2 zkEVM community
  • Plans for the brand new community had been formally unveiled are living lately at TOKEN2049 in Dubai, the place Telos is a name sponsor
  • TOKEN2049 is likely one of the global’s most sensible crypto occasions, bringing in combination 10,000 attendees from greater than 4,000 corporations and 100 international locations to discover the way forward for crypto

The Telos Foundation has printed the main points of a brand new partnership with Ponos Technology, the main Zero Knowledge Proof (ZKP) analysis and building company, which is able to see the 2 corporations paintings in combination broaden an end-to-end optimized, hardware-accelerated Ethereum Layer 2 community that includes SNARKtor, the Telos-developed decentralized recursive evidence aggregator.

The new partnership was once introduced lately at TOKEN2049 in Dubai, some of the global’s premier crypto meetings.

Teams from Telos and Ponos Technology will take a hardware-software co-design method that can assist unencumber new probabilities on the subject of huge scalability, better information coverage and trustless interoperability for Ethereum customers globally.

Ponos Technology supplies end-to-end optimized answers for ZK proving, which is largely accomplished by way of leveraging FPGA acceleration, thus maximizing industry worth streams thru cost-performance optimized computation by way of matching hardware-software co-designed modules and devoted execution environments. The crew features a distinctive mix of skilled scientists and extremely professional trade mavens that experience gathered deep technical wisdom on all facets of ZKPs.

Slobodan Lukovic, CEO and co-founder, Ponos Technology, stated:

“Zero Knowledge era goes to turn into more and more mainstream and will open the door to larger potency and safety throughout such a lot of industries.

“Similarly 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.”

Telos can also be running with a number of different new companions all over the advance cycle, together with:

  • Digital M.O.B. – One of the most powerful Ethereum developer groups on the earth, having labored on initiatives together with MetaMask, MakerDAO and Gnosis, amongst others. 
  • ATKA – A Paris-based end-to-end web3 incubator who helped incubate global elegance initiatives similar to Morpho and Mangrove, and whom Telos introduced a strategic partnership with in March 2024. 
  • Cometh – An award-winning dev crew led by way of ETH France President Jerome de Tychey, who joined Telos as a technical EVM guide additionally in March 2024.

Telos Executive Director John Lilic, who helped lead pioneering groups at ConsenSys and Polygon along with being a Top 50 Web3 angel investor, will assist coordinate and fortify the transformation. He will paintings intently with Alberto Garoffolo, Head of ZK era at Telos and co-author of the SNARKtor whitepaper, and Jesse Schulman, CTO and Head of Engineering at Telos. 

Announcing the brand new partnership, John Lilic stated:

“Fundamentally, Ethereum will want to take a hardware-software co-design method to be able to understand zkEVM functionality at fantastic scale.

“That’s the approach we’re 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.”

Telos was once created in 2018 thru a “fair drop” community release that didn’t come with an ICO nor token sale. Over the previous six years, the Telos Foundation has helped steward the advance of 2 number one networks – Telos EVM and Telos Zero – and can now additionally center of attention on development a  extremely performant and succinctly provable L2 zkEVM.

Following TOKEN2049, further main points at the Telos L2 are anticipated to be introduced within the lead as much as EthCC in July, for which Telos is a number one sponsor. Live in Brussels from EthCC, the Telos crew plans to broadcast its first-ever demo of SNARKtor to the sector as a precursor to the reliable release of the Telos L2. 


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