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 shall be prepared for the mainnet launch subsequent month.
Roses are purple
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 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 workforce.
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 workforce famous that safety is the best precedence and that’s the rationale “why Polygon zkEVM has been run by means of a gauntlet of assessments 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 isn’t the one workforce engaged on a zkEVM resolution. 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 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 challenge referred to as Utilized ZKP, which goals to develop an EVM-compatible zk-rollup.
Associated: Polygon assessments zero-knowledge rollups, mainnet integration inbound
The workforce defined the importance of the expertise, stating that true EVM-equivalence means Ethereum may be scaled “with out resorting to half-measures.”
“One of the best ways 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 allows important transaction price 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 workforce added.
Matter Labs, the agency behind Polygon, raised $50 million in a Collection 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 response to Cointelegraph knowledge.
