Telos Foundation Partners with Ponos Technology to Develop Ethereum Layer 2
The Telos Foundation recently announced a strategic collaboration with Ponos Technology to create an optimized, hardware-accelerated Ethereum Layer 2 network. This partnership aims to revolutionize scalability, data protection, and interoperability for Ethereum users worldwide.
Key Points of the Partnership
- Telos and Ponos Technology will develop a hardware-accelerated Ethereum Layer 2 zkEVM network featuring SNARKtor.
- SNARKtor is a decentralized recursive proof aggregator designed by Telos and IOHK to enhance SNARKs verification in blockchains.
- The Telos L2 will utilize a hardware-software co-design approach to improve scalability, data protection, and interoperability.
- Collaboration will also involve Digital M.O.B., ATKA, and Cometh during the development process.
- The Telos team plans to showcase SNARKtor at EthCC in July ahead of the official Telos L2 launch.
Unlocking New Possibilities with Ponos Technology
Ponos Technology’s expertise in end-to-end optimized solutions for ZK proving, combined with Telos Foundation’s innovation, will unlock the potential for massive scalability, enhanced data protection, and trustless interoperability within the Ethereum ecosystem. The team at Ponos Technology comprises seasoned scientists and skilled industry experts with profound technical knowledge in ZKPs.
Building a Collaborative Network
The development of Telos L2 will be a collaborative effort involving Telos and partners like Digital M.O.B., ATKA, and Cometh. Digital M.O.B. is renowned for its contributions to projects like MetaMask and MakerDAO, while ATKA is a Paris-based Web3 incubator that has supported projects like Morpho and Mangrove. Cometh, led by ETH France President Jerome de Tychey, serves as a technical EVM advisor to Telos.
Leadership and Innovation
John Lilic, Telos Executive Director, a prominent figure in the blockchain space, will spearhead the collaboration, supported by Alberto Garoffolo, Head of ZK Technology, and Jesse Schulman, CTO and Head of Engineering at Telos. Lilic stresses the significance of a hardware-software co-design approach to optimize zkEVM performance for Ethereum’s scalability.
He believes that Telos and Ponos Technology, in conjunction with SNARKtor’s recursive proofs, will deliver exceptional services to the Ethereum community and beyond.
Hot Take: Embracing Innovation for a Stronger Ethereum Ecosystem
Embrace the future with Telos Foundation and Ponos Technology’s collaboration, geared towards enhancing scalability, data protection, and interoperability within the Ethereum ecosystem. Stay tuned for the official launch of Telos L2 and experience the groundbreaking advancements in blockchain technology.
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