Telos Partners with Ponos Technology to Develop Hardware-Accelerated Ethereum L2 zkEVM Network

(PRESS RELEASE – Dubai, United Arab Emirates, April 19, 2024)

The Telos Foundation announced today that it will work with Ponos technology, the leading Zero Knowledge Proof (ZKP) research and development firm, to develop an end-to-end optimized, hardware-accelerated ethereum Layer 2 network with SNARKtor, the telos-Developed decentralized recursive test aggregator. The teams will take a hardware and software co-design approach that will help unlock new possibilities in terms of massive scalability, greater data protection, and trustless interoperability for ethereum users around the world.

technology/” target=”_blank” rel=”nofollow noopener” data-wpel-link=”external”>Ponos technology provides optimized end-to-end solutions for ZK testing, which is essentially achieved by leveraging FPGA acceleration, thereby maximizing business value streams through an optimized cost-performance calculation by combining co-designed hardware and software modules and execution environments dedicated. The team includes a unique combination of experienced scientists and highly qualified industry experts who have accumulated deep technical knowledge on all aspects of ZKPs.

“Zero-knowledge technology will become increasingly common and can open the door to greater efficiency and security in many industries,” said Slobodan Lukovic, CEO and co-founder of Ponos technology. “Similar to ai, continued improvements in algorithms, coupled with advances in underlying hardware infrastructures, will enable the commoditization of ZKPs and result in the technology being widely adopted in the near future.”

Telos will also work with several other new partners during the development cycle, including:

• Digital MOB – One of the strongest ethereum developer teams in the world, having worked on projects including MetaMask, MakerDAO, and Gnosis, among others.
• ATKA: A Paris-based end-to-end Web3 incubator that has helped incubate world-class projects like Morpho and Mangrove, and with whom Telos announced a strategic partnership in March 2024.
• Cometh – An award-winning development team led by eth France President Jerome de Tychey, who joined Telos as EVM Technical Advisor also in March 2024.

Telos CEO John Lilic, who helped lead pioneering teams at Consensys and Polygon, as well as maintaining his role as a top 50 Web3 angel investor, will help coordinate and support the transformation. He will work closely with Alberto Garoffolo, ZK CTO at Telos and co-author of the SNARKtor white paperand Jesse Schulman, CTO and head of engineering at Telos.

“Essentially, ethereum will need to take a hardware and software co-design approach to achieve zkEVM performance at tremendous scale,” Lilic said. “That's the approach we're taking with Ponos technology and our growing network of partners as we build a hardware-accelerated zkEVM L2. We believe this formula, along with the exciting work our team is doing with recursive testing through SNARKtor, will offer compelling services to the ethereum community and beyond.”

Telos was created in 2018 through the launch of a fair network that did not include an ICO or token sale. Over the past six years, the Telos Foundation has helped manage the development of two core networks (Telos EVM and Telos Zero) and will now also focus on building a high-performance, succinctly provable zkEVM L2.

Additional details on Telos L2 will continue to be announced in the lead-up to EthCC in July, of which Telos is the title sponsor. Live in Brussels from EthCC, the Telos team plans to broadcast their first SNARKtor demo to the world as a precursor to the official launch of Telos L2.

About Telos

Telos is a decentralized blockchain ecosystem that includes the Telos EVM, which turned out to be the fastest ethereum virtual machine globally, and its high-speed consensus layer, Telos Zero. The project is also focused on expanding its capabilities with the novel Zero Knowledge technology by developing a hardware-accelerated ethereum Layer 2 network powered by SNARKtor, which promises to improve privacy and scalability for global use cases. Telos is overseen by the Telos Foundation, a non-owner foundation dedicated to the advancement of the Telos blockchain network and its community.

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