MultiversX Introduces PI Squared: A Universal ZK Rollup
MultiversX, formerly known as Elrond, recently hosted the xDay 2023 event in the Palace of Parliament, Romania. The project has rebranded and shifted its focus to the Metaverse, scalability, and global adoption of cryptocurrencies.
During the event’s final day, security audit firm Runtime Verification made an exciting announcement. They revealed the launch of PI Squared, a universal ZK Rollup that will run on the MultiversX blockchain. This scaling solution utilizes technology developed by NASA.
Efficiency and Developer Attraction
Grigore Rosu, CEO and President at Runtime Verification, presented PI Squared on the main stage. The goal of this solution is to enhance efficiency within the MultiversX ecosystem and attract new developers to build products on this network. It achieves this by simplifying computational claims verification through mathematical proofs.
The scalability solution employs a universal proof check implemented via a custom ZK circuit. PI Squared is designed to be programming language and Virtual Machine (VM) agnostic. This means developers can work with any programming language and seamlessly bring their applications to MultiversX while maintaining security and scalability.
An Interview with Grigore Rosu
After his presentation, Grigore Rosu shared his thoughts on xDay and what PI Squared means for MultiversX and the crypto space as a whole. He highlighted the versatility of the solution, which can be implemented by developers using any programming language. Here are his key insights:
Q: How do you feel here? What do you think about the atmosphere and the people?
A: The conference has been amazing with over 2000 attendees. The MultiversX team is impressive, and the discussions have been fantastic. It’s truly wonderful to be here.
Q: What makes the MultiversX ecosystem and their team unique? Why did you decide to work on this network?
A: I’ve known the team from the beginning, and they have a strong passion for what they do. They have built one of the fastest, most reliable blockchains with low fees. Their decision not to use EVM was smart as it eliminates the limitations of Ethereum’s programming language.
Q: What does the launch of PI Squared mean for users?
A: PI Squared will bring all programming languages and virtual machines to MultiversX without the errors commonly associated with compilers or interpreters. This will enable developers to create programs faster and better, leading to increased applications and happier users on MultiversX.
Hot Take: MultiversX’s PI Squared Enhances Scalability
MultiversX’s xDay 2023 event showcased the launch of PI Squared, a universal ZK Rollup that aims to improve scalability within the MultiversX ecosystem. Developed by Runtime Verification, this solution simplifies computational claims verification through mathematical proofs.
By utilizing a custom ZK circuit and being programming language agnostic, PI Squared allows developers to bring their applications to MultiversX efficiently while maintaining security and scalability. This announcement highlights MultiversX’s commitment to innovation and attracting new developers to their network.
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As of this writing, Bitcoin trades at $29,800 with sideways movement in the last 24 hours.
Cover image from MultiversX, chart from Tradingview
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