Polygon Launches Mainnet Beta for ‘Polygon zkEVM’

1 year ago 75

Expansion of scaling technology

Polygon Labs, which develops the network of the crypto asset (virtual currency) Polygon (MATIC), announced on the 27th that it launched the mainnet beta version of the Ethereum (ETH) scaling solution “Polygon zkEVM” on the same day as planned.

connection: Polygon to launch mainnet beta version of “Polygon zkEVM” next month

He also explained that Polygon zkEVM is now fully open source. He said the launch was an important event for Polygon, Ethereum, and Web3 as a whole.

The moment we’ve all been waiting for – Polygon #zkEVM Mainnet Beta is LIVE with @Vitalik Buterin performing the symbolic first transaction.

👏🏿 Permissionless
👏🏾 Public
👏🏽Fast finality
👏🏼 Leading EVM-equivalent zkEVM
👏🏻 Completely open source

More 👇🏻 https://t.co/Xo4mbhnASh

— Polygon (labs) (@0xPolygonLabs) March 27, 2023

The first memorable transaction was executed by Ethereum co-founder Vitalik Buterin. From the beginning, Polygon zkEVM mainnet beta has been used by various dApps (decentralized apps), game projects, and infrastructure projects.

Source: Polygon Labs

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Polygon Labs explained that this beta launch is not the final goal. Over the next few months, we will be making announcements about the development of the Polygon zkEVM. He also cautioned that Polygon zkEVM is still in alpha and may not work perfectly at launch.

Features of Polygon zkEVM

Polygon zkEVM is a scaling solution that introduces “ZK Rollup”, a rollup technology that utilizes zero-knowledge proofs. At the time of the mainnet beta version, it has the following four features.

  • It is a free-for-all public network
  • Equivalent to Ethereum virtual machine
  • fast finality
  • is open source

What is rollup

A scaling solution that reduces network congestion by processing some transactions off-chain while leveraging the security of the main blockchain.

▶Cryptocurrency Glossary

connection: What is “Rollup”, a solution to the scaling problem | Detailed explanation of the mechanism and points to note

Regarding the future, he explained that he will strengthen “security”, which Polygon Labs places the most importance on. It said it would gradually decentralize and take measures to ensure that users are protected no matter what happens.

It also says it will be able to force transactions on the L1 Ethereum blockchain in the event of problems to ensure the network is censorship resistant.

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