According to CoinDesk, Polygon Labs and StarkWare, which are usually rivals in the competition for Layer-2 networks in the Ethereum blockchain ecosystem, have now teamed up to develop a new type of cryptographic proof called "Circle STARKs" to make transactions faster and cheaper. The new Circle STARKs is considered a breakthrough in zero-knowledge convolution technology, which is used to create auxiliary Layer-2 networks to process transactions more efficiently than basic blockchains such as Ethereum. It is reported that the new Circle STARKs will speed up the proof process of convolution, thereby improving the scalability and efficiency of blockchains. Polygon's MATIC token has a market value of approximately $8.5 billion. The release date of Circle STARKs has not yet been determined, but the white paper co-authored by Ulrich Haböck of Polygon Labs and David Levit and Shahar Papini of StarkWare was released on Wednesday.

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