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    Polygon (MATIC) Set To Launch zkEVM Mainnet On This Day; More Price Surge Ahead?

    Polygon, one of Ethereum’s leading scaling projects, is planning to release a new Layer-2 scaling solution, zkEVM, in a main-net phase on March 27. zkEVM will be a zero-knowledge or ZK-Rollup that carries out computations off-chain on a secondary layer. This will allow for faster and cheaper transactions while putting an emphasis on security.

    zkEVM Makes It Easy For Developers

    The fact that Polygon asserts zkEVM to be nearly identical to Ethereum’s Virtual Machine (EVM) indicates that users can anticipate the network to support the same code as Ethereum. This makes it possible for developers to import apps from Ethereum and utilize them on Polygon’s zkEVM network without requiring major adjustments. ZK rollups utilize “proofs” to demonstrate that a transaction was not faked by simply releasing a fragment of information about that transaction.

    Read More: https://cryptoblogs.net/when-cardano-ada-valentine-secp-upgrade-mainnet-release/

    In October, Polygon went live with its zkEVM test-net, which deployed the EVM for its ZK rollup. This made it possible for Ethereum developers to transfer their smart contracts from the primary blockchain to the ZK rollup without having to rewrite them in a different programming language. And, according to the official data, more than 75,000 ZK proofs have been generated since the live test-net was brought up, and around 5,000 smart contracts have been put into operation.

    In an official blog post, the team was quoted as saying:

    Polygon zkEVM has been battle-tested through actual testnet usage and also through an exhaustive process of auditing. And, developers can copy-paste code that works on Ethereum and use it to build on Polygon zkEVM.

    However, it needs to be mentioned that, despite the growth of Layer 2 solutions such as Arbitrum and Optimism, both of which are Optimistic Rollup-based solutions, the majority of zero-knowledge Layer 2 solutions do not have Ethereum compatibility yet.

    This article is not financial advice to anyone. Always DO YOUR OWN RESEARCH before investing in the market. The presented content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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