Blockchain

Polygon To Launch Mainnet Beta For zkEVM Layer 2 Next Month

Key Points:

On March 27, Polygon intends to launch zkEVM, a brand-new Layer 2 scaling solution, in a mainnet phase.
Although the company will be sharing additional information in the weeks ahead of the March date, Polygon did not clarify what would be included in the beta network.
Apps created for Ethereum will be compatible with Polygon’s zkEVM network without requiring any major modifications from developers.

The main network for Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) beta went online on March 27. Polygon is an Ethereum scaling experiment.

In a blog post, Polygon did not explain what the beta network will entail but did mention that the team will be sharing more information in the weeks building up to the March date and that the network’s security will be given top importance.

zkEVM will be a zero-knowledge or ZK-Rollup that prioritizes security while doing off-chain calculations on a secondary layer enabling quicker and less expensive transactions. The goal is to increase the scalability capabilities of the Ethereum network.

Zero-knowledge Layer 2 solutions are currently incompatible with Ethereum, despite the emergence of Optimistic Rollup-based solutions like Arbitrum and Optimism.

The network is anticipated to support the same code as Ethereum, according to Polygon, which says that its zkEVM will be identical to Ethereum’s Virtual Machine. This means that programmers won’t need to make major adjustments in order to port Ethereum apps to the zkEVM network.

Polygon zkEVM, Starknet, zkSync, and Scroll have engaged in strong competition over the past year to create a working ZK-based Layer 2 that can run Ethereum apps. But none of them has yet made a product accessible to the general population.

The EVM for its ZK rollup was deployed via Polygon’s zkEVM testnet, which went live in October. This allowed Ethereum developers to transfer their smart contracts from the main blockchain to the testnet without having to rewrite them in a new language.

According to the blog post, over 75,000 ZK proofs have been produced since the testnet went online, and 5,000 smart contracts have been put into use.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.