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Polygon has acquired Ethereum scaling startup Mir Protocol for $400 million. The deal involves 190 million MATIC tokens and $100 million worth of USDC, Polygon co Its latest acquisition is the Mir Protocol which uses next-generation zk-rollups to scale Ethereum. In an announcement on Dec 9, Polygon revealed that it had agreed to TL;DR: We are excited to announce that Mir, a startup building groundbreaking ZK tech, is joining the Polygon family in a $400M deal. Mir gathered a team of talented cryptographers and Ethereum scaling and infrastructure development platform Polygon (formerly Matic Network), has acquired Ethereum scaling startup Mir Protocol for $400 Mn. This is India-based crypto platform Polygon has acquired zero-knowledge technology developer Mir for US$400 million. Polygon announced in a post, “The Mir team is

Polygon Acquires Mir Protocol for $400 Million: Boosting Ethereum Scaling with ZK-Rollups

In a significant move to enhance Ethereum scaling, Polygon has acquired Ethereum scaling startup Mir Protocol for $400 million. This acquisition underscores Polygon\'s commitment to leveraging zero-knowledge (ZK) technology to improve transaction speeds and reduce costs on the Ethereum network.

Details of the Polygon-Mir Protocol Deal

The $400 million deal involves 190 million MATIC tokens and $100 million worth of USDC, according to Polygon co-founder. This strategic acquisition highlights Polygon\'s dedication to investing in cutting-edge technology that will benefit the entire Ethereum ecosystem. Polygon\'s latest acquisition is the Mir Protocol, which uses next-generation zk-rollups to scale Ethereum.

Mir Protocol: A Breakthrough in ZK Technology

Polygon announced in a post, "The Mir team is..." bringing groundbreaking expertise in ZK technology to the Polygon ecosystem. The Mir team is comprised of talented cryptographers and engineers focused on developing next-generation ZK-rollups. This acquisition positions Polygon at the forefront of Ethereum scaling solutions, utilizing advanced cryptography for enhanced efficiency and security. TL;DR: We are excited to announce that Mir, a startup building groundbreaking ZK tech, is joining the Polygon family in a $400M deal. Mir gathered a team of talented cryptographers and Ethereum scaling and infrastructure development platform Polygon (formerly Matic Network), has acquired Ethereum scaling startup Mir Protocol for $400 Mn. This is India-based crypto platform Polygon has acquired zero-knowledge technology developer Mir for US$400 million.

Why This Acquisition Matters for Ethereum

The integration of Mir Protocol\'s ZK-rollups into the Polygon ecosystem promises to significantly improve the performance of decentralized applications (dApps) on Ethereum. By offloading transaction processing to a more efficient layer, Polygon aims to reduce gas fees and increase transaction throughput, making Ethereum more accessible and user-friendly.

Polygon\'s Continued Investment in Ethereum Scaling

The acquisition of Mir Protocol is just the latest example of Polygon\'s commitment to scaling Ethereum. By strategically investing in and acquiring promising technologies, Polygon is actively contributing to the development of a more scalable and sustainable Ethereum ecosystem. The move also cements Polygon\'s position as a leading innovator in the crypto space.

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