Polygon zkEVM Mainnet Beta Goes Live, One Of 2023’s Hottest Blockchain Trends

Key Points:

• Polygon launches its zero-knowledge Ethereum Virtual Machine (zkEVM) beta to the public, which is expected to be one of the hottest blockchain trends of 2023.
• Polygon’s zkEVM is designed to enhance the Ethereum Virtual Machine programming environment by providing a platform for developers to innovate and experiment with zero-knowledge solutions.

Polygon, a popular Ethereum scaling platform, has recently announced the release of its zero-knowledge Ethereum Virtual Machine (zkEVM) beta to the public.

This is a significant step for the platform and a major development in the blockchain space, as it is expected to be one of the hottest blockchain trends of 2023.

Polygon’s zero-knowledge Ethereum Virtual Machine is a new technology designed to enhance the Ethereum Virtual Machine programming environment by providing developers with a platform to innovate and experiment with zero-knowledge solutions. To this end, Polygon has made all aspects of the zkEVM open source, allowing developers to study and share the code and contribute to more innovations in the zero-knowledge space.

As part of the announcement, Vitalik Buterin, the co-founder of the Ethereum blockchain, initiated the first transaction on the new zkEVM as per CoinDesk, and it was live-streamed at ETHGlobal. This was a significant moment for Polygon, and it attracted a lot of attention from the blockchain community.

Polygon’s rival, Matter Labs, also launched its zkEVM, zkSync Era, to the public, and the race to come out with the first zkEVMs culminated last week. However, Polygon’s release of its zero-knowledge Ethereum Virtual Machine is a significant step forward for the platform, as it has attracted over 50 companies that have shared that they will build using the Polygon zkEVM technology.

Despite its release, Polygon co-founder Sandeep Nailwal has warned users that the technology is still new and experimental, hence why it is being called a beta mainnet. Users are advised to be cautious when interacting with the technology and to avoid investing their life savings immediately.

Polygon is also exploring using ZK technology in its main chain, the Polygon POS chain. Nailwal has noted that he believes ZK technology is the future of Ethereum, and Polygon’s commitment to exploring this technology is a positive sign for the blockchain community.

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 us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News