Polygon Launches Layer-2 Solution Built For Ethereum
Polygon launches ZK-Rollups scaling solution, zkEVM, compatible with EVM.
On July 20, 2022, Polygon launched an expansion solution using ZK-Rollups technology, zkEVM. It is known that zkEVM will be compatible with the Ethereum Virtual Machine (EVM), or projects built on zkEVM will easily integrate with the Ethereum network.
ZK-Rollups is a complex technology used on blockchain to help process more transactions at a lower cost. ZK-Rollups is one of the L2 solutions being widely used on Ethereum.
“Many believed that a zkEVM was years away, or not practical or competitive,’” said Polygon Hermez co-founder Jordi Baylina. While Zero-Knowledge-based scaling solutions have been discussed for some time, they were widely expected to take several years to materialize.
However, Polygon and other companies building on Layer 2, such as StarkWare and Matter Labs, have made significant strides in the ZK-Rollup space over the past year as the race to scale Ethereum intensifies.
zkEVM is still in the testnet phase and is expected to launch the mainnet by the end of 2022.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Author
Blockchain
Polygon Launches Layer-2 Solution Built For Ethereum
Polygon launches ZK-Rollups scaling solution, zkEVM, compatible with EVM.
On July 20, 2022, Polygon launched an expansion solution using ZK-Rollups technology, zkEVM. It is known that zkEVM will be compatible with the Ethereum Virtual Machine (EVM), or projects built on zkEVM will easily integrate with the Ethereum network.
ZK-Rollups is a complex technology used on blockchain to help process more transactions at a lower cost. ZK-Rollups is one of the L2 solutions being widely used on Ethereum.
“Many believed that a zkEVM was years away, or not practical or competitive,’” said Polygon Hermez co-founder Jordi Baylina. While Zero-Knowledge-based scaling solutions have been discussed for some time, they were widely expected to take several years to materialize.
However, Polygon and other companies building on Layer 2, such as StarkWare and Matter Labs, have made significant strides in the ZK-Rollup space over the past year as the race to scale Ethereum intensifies.
zkEVM is still in the testnet phase and is expected to launch the mainnet by the end of 2022.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Other Posts
Related Posts
Latest
USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products
Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens
Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero
Press Release
USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products
Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens
