Polygon to launch Polygon zkEVM mainnet beta next month

1 year ago 88

Expanding the spread of Web3

Crypto asset (virtual currency) Polygon (MATIC) announced on the 14th that the mainnet beta version of the scaling solution “Polygon zkEVM” will be launched on March 27th.

Polygon zkEVM is a solution that supports Ethereum (ETH) scalability. In today’s announcement, he explained that the launch of the mainnet in beta will be a huge leap forward for both Polygon and Ethereum.

Roses are red
Violet are blue
Poems are hard
Mainnet Beta is here

ON MARCH 27, Polygon #zkEVM launches the future of Ethereum scaling

https://t.co/OqSOYTn8Uv pic.twitter.com/kpXavea3ff

— Polygon (@0xPolygon) February 14, 2023

In addition to Polygon, multiple projects such as zkSync and Scroll are developing scaling solutions for Ethereum, which has a high network usage and is prone to blockchain congestion. Polygon zkEVM is one of the scaling solutions developed by the Polygon team.

What is a polygon

A project to tackle the scalability problem of Ethereum. In addition to the most well-known “Polygon PoS”, it has developed multiple solutions such as “Polygon Edge” and “Polygon Zero”.

Cryptocurrency Glossary

connection: “GM Radio” Ethereum L2 developer Scroll will participate next time

Polygon zkEVM launched its final testnet last December. About two months later, it led to the launch of the mainnet, albeit in beta.

connection: Polygon Launches Final Testnet for L2 ‘Polygon zkEVM’

Toward the launch of the mainnet, Polygon zkEVM has the following achievements.

Number of wallets reaches over 84,000
Generate over 300,000 blocks
Deployed over 5,000 smart contracts
Conducted two third-party audits
Reduce proof generation cost for large batches of transactions to $0.06

The ultimate goal of Polygon zkEVM is to fully unlock the potential of Web3 and spread Ethereum to general consumers around the world. We will be announcing more details about the mainnet beta in the coming weeks.

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What is Polygon zkEVM?

Polygon zkEVM is a scaling solution that utilizes a technology called ZK rollup. Process transactions outside of the Ethereum blockchain, wrap them up, and submit them to the Ethereum blockchain. This mechanism reduces the burden on Ethereum.

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

ZK Rollup is technically superior, but it has been considered difficult to make it compatible with Ethereum’s virtual machine (EVM). However, now the technology has developed and product development is underway in multiple projects. Nowadays, like Polygon, there are more and more projects claiming “equivalence”, which means being closer to the Ethereum development environment than compatibility.

EVM parity means that developers can more easily port applications such as DeFi (decentralized finance) onto Polygon zkEVM.

“Developers can copy and paste code that runs on Ethereum and use it on Polygon zkEVM,” the Polygon team explained in the announcement.

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