Key Points:
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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
This website uses cookies.