The long-awaited scaling improve from Ethereum layer-2 resolution supplier Polygon (MATIC) has been introduced, with the beta launch of its zero-knowledge Ethereum Digital Machine (zkEVM) mainnet slated for March 27.
In a Feb. 14 weblog post, Polygon mentioned that after three and a half months of “battle testing,” the system will likely be prepared for the mainnet launch subsequent month.
Roses are crimson
Violets are blue
Poems are arduous
Mainnet Beta is right hereON MARCH 27, Polygon #zkEVM launches the way forward for Ethereum scaling
https://t.co/OqSOYTn8Uv pic.twitter.com/kpXavea3ff
— Polygon (@0xPolygon) February 14, 2023
It has been touted as “seamless scaling for Ethereum,” and was launched as a testnet in December final yr.
The event of the zk-rollup scaling know-how has been ongoing for the previous three years. Throughout that point, the Polygon zkEVM system has hit a number of milestones famous by the staff.
These embody the deployment of greater than 5,000 good contracts, the technology of over 75,000 zk-proofs, greater than 84,000 wallets and two public third-party audits.
The staff famous that safety is the very best precedence and that’s the explanation “why Polygon zkEVM has been run by way of a gauntlet of checks and audits.”
The know-how makes use of zero-knowledge proofs — cryptographic confirmations that, within the context of scaling, allow platforms to validate mass quantities of transaction information earlier than bundling and confirming them on Ethereum.
Polygon shouldn’t be the one staff engaged on a zkEVM resolution. Scaling supplier zkSync is creating comparable EVM know-how with its zkPorter — which places important transaction information off-chain.
Scroll, one other scaling options supplier, can be constructing a zkEVM resolution in collaboration with the Privateness and Scaling Explorations group, a part of the Ethereum Basis.
The Ethereum Basis can be funding a venture known as Utilized ZKP, which goals to develop an EVM-compatible zk-rollup.
Associated: Polygon checks zero-knowledge rollups, mainnet integration inbound
The staff defined the importance of the know-how, stating that true EVM-equivalence means Ethereum will be scaled “with out resorting to half-measures.”
“The easiest way to scale Ethereum is to protect the present Ethereum ecosystem: code, tooling, and infrastructure wants to only work. And that’s what Polygon zkEVM is aiming to realize.”
The scaling tech additionally permits important transaction value financial savings. Proof prices for a big batch of a whole lot of transactions are all the way down to about $0.06 and fewer than $0.001 for a easy switch, the staff added.
Matter Labs, the agency behind Polygon, raised $50 million in a Sequence B spherical led by Andreessen Horowitz to construct EVM-compatible zk-Rollups in November 2021.
Polygon’s native token, MATIC, has reacted positively to the announcement with a 5.3% achieve over the previous 12 hours or so. In consequence, the token was buying and selling for $1.24 on the time of writing, in keeping with Cointelegraph information.
