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 Virtual Machine (zkEVM) mainnet slated for March 27.
In a Feb. 14 weblog submit, Polygon mentioned that after three and a half months of “battle testing,” the system will likely be prepared for the mainnet launch subsequent month.
Roses are pink Violets are blue Poems are arduous Mainnet Beta is right here
ON 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’s been touted as “seamless scaling for Ethereum,” and was launched as a testnet in December final 12 months.
The improvement of the zk-rollup scaling know-how has been ongoing for the previous three years. During that point, the Polygon zkEVM system has hit a number of milestones famous by the workforce.
These embrace 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 very best precedence and that’s the rationale “why Polygon zkEVM has been run through a gauntlet of tests and audits.”
The know-how makes use of zero-knowledge proofs — cryptographic confirmations that, within the context of scaling, allow platforms to validate mass quantities of transaction information earlier than bundling and confirming them on Ethereum.
Polygon just isn’t the one workforce engaged on a zkEVM answer. Scaling supplier zkSync is growing comparable EVM know-how with its zkPorter — which places important transaction information off-chain.
Scroll, one other scaling options supplier, can also be constructing a zkEVM answer in collaboration with the Privacy and Scaling Explorations group, a part of the Ethereum Foundation.
The Ethereum Foundation can also be funding a venture referred to as Applied ZKP, which goals to develop an EVM-compatible zk-rollup.
Related: Polygon exams zero-knowledge rollups, mainnet integration inbound
The workforce defined the importance of the know-how, stating that true EVM-equivalence means Ethereum will be scaled “without resorting to half-measures.”
“The best way to scale Ethereum is to preserve the existing Ethereum ecosystem: code, tooling, and infrastructure needs to just work. And that’s what Polygon zkEVM is aiming to achieve.”
The scaling tech additionally allows vital transaction price financial savings. Proof prices for a big batch of tons 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 Series 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. As a consequence, the token was buying and selling for $1.24 on the time of writing, in response to Cointelegraph information.
