Polygon Acquires Ethereum Scaling Startup Mir for $400M in MATIC

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According to a press release provided to CoinDesk, Mir’s system generates recursive zero-knowledge proofs that allow “allow many Ethereum transactions to be verified with a single tiny proof.” This will purportedly make Mir one of the fastest and most efficient layer-2 options. Zero-knowledge proofs are a cryptography technology that allows for the verification of information, such as a transaction on the blockchain, without revealing the specific details or contents of that information.

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