The next Ethereum scalability solution developed by Polygon Labs, Polygon zkEVM, will be available on the mainnet next month.
The Polygon Network blockchain ecosystem has gradually expanded to become one of the most important in the crypto industry. From Polygon SDK, through ID to Avail, there are already several solutions that the developers of this blockchain network have created with the aim of optimizing Ethereum and facilitating the entry of more people, brands and companies into the world of Web3.
Polygon Labs' latest innovation is Polygon zkEVM, a scalability solution designed to implement zero-knowledge (ZK) technology for improve the performance and scalability of the Ethereum network in order to unlock the true potential of this decentralized ecosystem.
In a publication On their blog, Polygon developers anticipated that the beta version of the new scaling solution Polygon zkEVM will arrive on the Ethereum mainnet next March, specifically on Monday the 27th.
The launch of the Polygon zkEVM beta marks the beginning of a revolution to unlock mass adoption and the full potential of Web3, the network's developers indicated.
La Polygon zkEVM public testnet It was launched in mid-October last year.
It may interest you: Polygon zkEVM, Polygon's new solution to scale Ethereum
Polygon zkEVM, the next chapter for Ethereum scaling
Developers at Polygon Labs have introduced zkEVM to the world as the next chapter for Ethereum blockchain scalability. While it is the largest smart contract ecosystem in the crypto industry, Ethereum is also one of the least scalable and most expensive, with gas fees that have exceeded up to $200 on average per transaction, according to data consulted in the platform BitInfoCharts.
Therefore, through Polygon zkEVM, developers seek to make Ethereum a much faster, more accessible and more secure network. The solution implements zero-knowledge (ZK) technology to process and validate transactions in verifiable batches, instead of verifying each transaction individually.
Sandeep Nailwal, one of the co-founders of Polygon, highlighted that zkEVM is the first ZK rollup truly equivalent to the Ethereum Virtual Machine (EVM) to hit the Ethereum mainnet.
“When the Polygon zkEVM Testnet went live last year, Polygon Labs gave the world its first glimpse of the perfect scale for Ethereum.”
Since the development of Polygon zkEVM began, 84.000 wallet addresses have been created, 300.000 blocks have been generated, and more than 75.000 ZK tests and 5.000 smart contracts have been deployed. These are some of the milestones that the Polygon Labs developers highlight in their blog post.
In addition to these achievements, zkEVM code has also been audited by cybersecurity companies Spearbit and Hexens, to guarantee the security and stability of the new blockchain solution.
The race for Ethereum scalability
The Polygon zkEVM solution is not the only one looking to boost the performance of the Ethereum mainnet. In fact, as Blockworks' Sam Martin pointed out, others like zkSync, Scroll and Taiko pursue the same goal.
However, the approach that Polygon Labs developers have taken with zkEVM is one of the most equivalent to the Ethereum virtual machine, according to Vitalik Buterin himself. Polygon explains that “true EVM equivalence” means scaling Ethereum while preserving the existing ecosystem: your code, tools and infrastructure.
The approach taken allows blockchain developers to copy and paste the code that works on the Ethereum network and use it to build in Polygon zkEVM “without having to change anything”, Polygon Labs explained, so the scalability solution ensures that all Ethereum tools work seamlessly within its ecosystem. “That's scaling without friction,” the developers highlighted.
In addition to this, another of the milestones that Polygon Labs celebrates with zkEVM is that the scaling solution does not sacrifice performance for the sake of EVM equivalence, but on the contrary, it allows transactions to be processed with greater speed and lower cost, which ensures users and developers can “access everything they love about Ethereum” securely and affordably.
Continue reading: Polygon Network leads the blockchain ecosystem with its chain bridge architectures and NFTs
