The long-awaited scaling improve from Ethereum layer-2 answer 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 probably be prepared for the mainnet launch subsequent month.
Roses are purple
Violets are blue
Poems are exhausting
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 expertise 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 embrace the deployment of greater than 5,000 sensible contracts, the era of over 75,000 zk-proofs, greater than 84,000 wallets and two public third-party audits.
The staff famous that safety is the best precedence and that’s the rationale “why Polygon zkEVM has been run by means of a gauntlet of exams and audits.”
The expertise makes use of zero-knowledge proofs — cryptographic confirmations that, within the context of scaling, allow platforms to validate mass quantities of transaction knowledge earlier than bundling and confirming them on Ethereum.
Polygon will not be the one staff engaged on a zkEVM answer. Scaling supplier zkSync is creating related EVM expertise with its zkPorter — which places important transaction knowledge off-chain.
Scroll, one other scaling options supplier, can also be constructing a zkEVM answer in collaboration with the Privateness and Scaling Explorations group, a part of the Ethereum Basis.
The Ethereum Basis can also be funding a undertaking referred to as Utilized ZKP, which goals to develop an EVM-compatible zk-rollup.
Associated: Polygon exams zero-knowledge rollups, mainnet integration inbound
The staff defined the importance of the expertise, stating that true EVM-equivalence means Ethereum may be scaled “with out resorting to half-measures.”
“The easiest way to scale Ethereum is to protect the prevailing Ethereum ecosystem: code, tooling, and infrastructure wants to only work. And that’s what Polygon zkEVM is aiming to attain.”
The scaling tech additionally allows vital transaction value financial savings. Proof prices for a big batch of lots of of transactions are right 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% acquire 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 knowledge.
