MultiversX Launches PI Squared Scaling Solution at xDay 2023
During the final day of xDay 2023, Runtime Verification, a security audit firm, announced the release of PI Squared, a universal ZK Rollup for the MultiversX blockchain. This scaling solution utilizes technology developed by NASA and aims to enhance the efficiency of the MultiversX ecosystem while attracting new developers.
Grigore Rosu, CEO and President of Runtime Verification, presented PI Squared on the event’s main stage. The solution reduces verifying computational claims to verifying mathematical proofs, making it easier for developers to work on products with any programming language and bring their applications to MultiversX.
Interview with Grigore Rosu
After his presentation, we had the opportunity to speak with Grigore Rosu about his impressions of xDay and what PI Squared means for MultiversX. Rosu praised the conference and its atmosphere, highlighting the passion of the MultiversX team and their dedication to creating a reliable and efficient blockchain.
Rosu explained that PI Squared is a universal ZK roll-up protocol designed to be implemented on a destination chain. He believes that MultiversX is the ideal choice for this implementation due to its low fees and fast transaction speeds. The launch of PI Squared will allow developers to create programs more efficiently without the errors typically associated with compilers or interpreters.
Hot Take: MultiversX’s PI Squared Brings Scalability and Efficiency
MultiversX’s release of PI Squared at xDay 2023 marks an important milestone in their mission to simplify access to crypto through scalability and global adoption. This universal ZK Rollup solution, backed by NASA technology, aims to attract developers by offering an efficient and secure programming environment.
With PI Squared, developers can work on products using any programming language and bring their applications to MultiversX more efficiently. This is expected to increase the number of applications on the platform and ultimately benefit users. MultiversX’s passion for innovation and smart decision-making has positioned them as a leading player in the blockchain space.
As Bitcoin trades at $29,800, the launch of PI Squared demonstrates MultiversX’s commitment to advancing the industry and providing scalable solutions for the future.
Cover image from MultiversX, chart from Tradingview
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