- Polygon launched the world’s first ETH-compatible zero-knowledge scaling answer, zkEVM.
- zkEVM will allow builders to deploy any ETH sensible contract.
- zkEVM testnet will go reside quickly. Launch dates are undisclosed but.
The Ethereum-based Layer 2 scaling answer Polygon introduced the launch of the world’s first zero-knowledge (ZK) scaling answer, which is “fully compatible” with Ethereum.
We are proud to announce a large leap ahead for Ethereum scaling and ZK innovation.
Introducing Polygon Twitter.com/hashtag/zkEVM?src=hash&ref_src=twsrcpercent5Etfw” goal=”_blank” rel=”nofollow”>#zkEVM, the primary EVM-equivalent ZK L2.
Today we’re releasing a whole implementation, totally open-source, and we’re simply getting began.
— Polygon – MATIC 💜 (@0xPolygon) Twitter.com/0xPolygon/status/1549716947847479302?ref_src=twsrc%5Etfw” goal=”_blank” rel=”nofollow”>July 20, 2022
According to Polygon’s weblog publish, zkEVM, abbreviated from — Zero Knowledge Ethereum Virtual Machine — will allow builders to coherently deploy any ETH sensible contract to scale infinitely and scale back charges drastically.
In the announcement, Polygon talked about, “it is just like using Ethereum, but with the groundbreaking scaling power of ZK tech.” Although Polygon has been engaged on an Ethereum scaling answer for fairly a while, the corporate determined to launch the ZK proof early as they consider it’s extra promising.
zkEVM is a Layer 2 protocol that rolls up an in depth batch of transactions and proves all of it to the Ethereum blockchain with a single ZK validity proof. Therefore, Polygon calls it “the future of Ethereum scaling.”
Since its inception, Polygon has maintained seven discrete groups to construct an interrelated internet of merchandise, and three of these groups, particularly Hermez, Zero, and Miden got here collectively to create the zkEVM.
In element, the ZK proof expertise addresses a few of the largest issues concerning scaling options. It considerably reduces fuel charges by batching transactions into teams and later broadcasting them to the Ethereum community as a single transaction. It thereby splits the fuel price among the many members.
Mihailo Bjelic, the co-founder of Polygon, defined that the “holy grail of Web3 infrastructure must contain three major properties — Security, Scalability, and Ethereum-Compatibility.” He added that
Until now, it has not been virtually doable to supply all these properties without delay. Polygon zkEVM is a breakthrough expertise that lastly achieves that, thus opening a brand new chapter of mass adoption.
Polygon has designed zkEVM as a permissionless, open-source answer. zkEVM’s code has already been printed by Polygon and is offered for everybody to make use of. Meanwhile, the corporate introduced that the zkEVM testnet will likely be reside quickly, however kept away from offering any additional particulars in regards to the potential launch date.
However, in keeping with sources, the zkEVM testnet will launch someday this summer time and the mainnet launch is anticipated to occur in early 2023.