Polygon Buying Predicate for $500 Million in Ethereum Push (ETH) – Bloomberg

Crypto platform Polygon is buying startup firm Predicate Labs, the developer of the Mir blockchain protocol, in a deal valued at about $500 million as part of a broader strategy to help expand Ethereum’s capacity and pave the way for broader adoption.

While the Ethereum blockchain is one of the most-used in the world, challenges related to its capacity sometimes mean users pay high fees. Mir has a technology called zero-knowledge rollups that offloads data from Ethereum to reduce fees and…

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