AI Agent Platform Phala Expands to Ethereum With New Rollup
Phala Network said on January 8 that it launched the first Op-Succinct Layer 2 rollup on Ethereum. The program is the result of a partnership with Succinct Labs and Conduit.
The new Rollup aims to improve Ethereum’s scalability and performance by using Op-Succinct technology to optimize transaction speed, cost and performance. Safety.
Phala Network launches Op-Succinct Rollup for the first time to improve Ethereum’s scalability
Op-Succinct integrates two technologies: Optimistic Rollups (Op) and Zero knowledge proof (ZK). Optimistic summary help improve Scalability of blockchain networksand ZK proofs provide cryptographic guarantees to verify the validity of transactions.
By combining the two, Op-Succinct improves Ethereum’s capabilities Process transactions faster and cheaper while maintaining high security.
“Developed through Succinct’s ZK expertise, the system enhances Ethereum’s scalability by providing low-cost, fast finalization and highly secure rollups,” Phala explained.
However, despite the announcement, it did not have a positive impact on the PHA token. In fact, the coin is down nearly 6% in the past 24 hours.
Phala Network operates as a parachain in Polkadot. By migrating to Ethereum, Phala provides developers with a more secure and affordable way to run cryptographic calculations.
Its infrastructure allows for privacy-preserving, verifiable computation, making it easier for developers to transition from Web2 to Web3.
Phala also launched Phala Cloud on January 8, a secure platform designed for artificial intelligence applications. Phala Cloud supports both CPU and GPU TEE (Trusted Execution Environment), providing flexible billing and easy deployment. This breakthrough lays the foundation for decentralized artificial intelligence agents.
Phala Network is widely known as the execution layer of Web3 AI, enabling artificial intelligence to understand and interact with blockchain. Its multi-proof system solves the challenges of AI execution, providing a platform that allows developers to easily create tamper-proof, unstoppable AI agents.
These agents are seamlessly integrated with on-chain smart contracts through AI-Agent contracts to ensure safe and reliable interactions.
and, ai16z built the open source AI Agent framework Eliza, Phala-based TEE network. Phala’s latest announcements are as follows: Hype around artificial intelligence agents continues to heat up In the web3 space.
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