Polygon, co-founder Sandeep Nailwal shared important information about the development of the Polygon ecosystem at the Token2049 conference. Polygon plans to invest $1 billion to develop a scalable solution based on zero-knowledge (ZK) proofs to further enhance the Ethereum ecosystem.

Nailwal also introduced the latest progress in the "Polygon 2.0" scalability work, as well as the potential of recursive ZK proof technology in creating a seamless interoperable blockchain ecosystem. Recursive ZK proof technology will be key to implementing the aggregator layer and is expected to be deployed in the coming months. This technology will allow different blockchains to submit their network state ZK proofs to the aggregator, which will then submit these joint proofs to the Ethereum network.

Nailwal emphasized the potential benefits of sharing value among high liquidity chains (such as zkEVM and proof-of-stake chains) and noted that larger Layer1 blockchain platforms have expressed interest in utilizing interoperable layers. The test version of Polygon zkEVM was launched in March 2023, allowing developers to deploy smart contracts and decentralized applications with faster throughput and lower costs than Ethereum Layer1.

In addition, Polygon has released a chain development toolkit that allows developers to build, customize, and deploy Layer2 chains that connect to a wider Ethereum ecosystem. Polygon's continued development and innovation will bring more opportunities and advantages to the Ethereum ecosystem.