The Polygon development team has introduced a new scalability solution, called Polygon zkEVM, based on zero-knowledge technology.
Ethereum held its annual Ethereum Community Conference this week in Paris, France. During the event, Polygon developers presented a new scalability solution.
Call Polygon zkEVM, the new permissionless second layer solution uses zero-knowledge (ZK) technology to take Ethereum scalability to the next level.
The presentation of Polygon zkEVM was given by Jordi Baylina, technical lead of Polygon Hermez, the ZK-based scalability solution that Polygon integrated in August 2021, at the First merger of blockchain networks recorded in history.
Polygon zkEVM promises to be the future for Ethereum scalability
In their continued quest for scalability, Polygon developers are embracing ZKs to give Ethereum the performance and efficiency it needs, without risking the network’s decentralization and security.
The new Polygon zkEVM solution can generate a zero-knowledge proof for process and validate network transactions in verifiable batches, rather than each transaction individually.
In addition to this, the Polygon zkEVM scaling solution supports the Ethereum Virtual Machine, Ethereum Virtual Machine (EVM).
The combination of ZK zero-knowledge proofs and EVM allows developers and network creators to deploy any Ethereum smart contract or dapp on a second layer that is highly scalable while maintaining the familiarity of the mainnet.
Polygon zkEVM focuses on building a ZK rollup that allows a number of transactions to be grouped together, in order to process them within a single transaction. This, in turn, allows the network to increase its throughput and save on commission fees.
Polygon developers have announced that Polygon zkEVM will soon be available so that developers and the community can explore the possibilities offered by this layer 2 solution and make any necessary improvements.
They also indicated that they will release more details about the architecture, operation and potential of Polygon zkEVM in the future.
What benefits does Polygon zkEVM offer?
Through Polygon zkEVM, Polygon developers hope to bring Ethereum's layer 2 to processing transactions with a Virtually infinite scalability, as they commented in a presentation publication, titled “The Future is Now for Ethereum Scaling: Introducing Polygon zkEVM.”
On the other hand, on Twitter, one of the founders of the Polygon network, Sandeep Nailwal, explained that Polygon zkEVM is the solution that the industry had been waiting for to boost the future of Ethereum scalability.
Nailwal said that developers can deploy and use their contracts and applications directly on the Ethereum mainnet, without having to go through a “transpilation” process. This is thanks to Polygon zkEVM’s compatibility with the Ethereum Virtual Machine.
The Polygon co-founder also highlighted the possibility of using any of the existing tools in Ethereum to design new applications and protocols on the new layer 2 scaling solution.
Polygon developers claim that “any tool that works with Ethereum will work on Polygon zkEVM”.
Scalability in Ethereum and ZK
In addition to Polygon, the leading and most innovative scaling solution for Ethereum, the ZKsync team is also working on its new version ZKsync 2.0, which could be available by the end of this year.
ZKsync 2.0 will also leverage zero-knowledge (ZK) technology to increase the scalability of the Ethereum network, as well as improve its performance and make it much more efficient and accessible for both developers and end users.
Last year, when ZKsync developers introduced version 2.0, they reported that the new solution would lead Ethereum to process up to 200.000 transactions per second (TPS) on the second layer.
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