Key Takeaways
Polygon has introduced its first absolutely Ethereum-compatible Layer 2 community, Polygon zkEVM.
Polygon zkEVM will use Zero-Knowledge Rollups to supply decrease transaction charges than Ethereum mainnet.
The Layer 2 community will probably be appropriate with all current Ethereum functions and emulate the Ethereum Virtual Machine on the op-code stage.
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Polygonâs new Layer 2 community is about to launch its testnet later this summer season forward of a full mainnet launch in early 2023.
Polygon Reveals EVM-Compatible Layer 2
Polygon has introduced a brand new Ethereum-compatible Layer 2 community.
Revealed on-stage through the fifth Ethereum Community Conference in Paris Wednesday, Polygon zkEVM is the blockchain firmâs first absolutely Ethereum-compatible Layer 2 community.Â
Unlike the MATIC blockchain, which capabilities extra like an Ethereum sidechain than a Layer 2 community, Polygonâs new providing will use Zero-Knowledge Rollups to batch transactions and make sure them on Ethereum mainnet, inheriting the safety and decentralization of the bottom chain. As a end result, gasoline charges on Polygon zkEVM will probably be considerably decrease than Ethereum mainnet, and ultimately the MATIC blockchain.Â
Polygon zkEVM will probably be appropriate with all current Ethereum functions and emulate the Ethereum Virtual Machine on the op-code stage. Developers will probably be ready to launch their initiatives utilizing Ethereumâs programming language, Solidity, breaking down a key barrier to entry. Additionally, current Ethereum tooling, such because the MetaMask pockets and improvement environments like Hardhat, will even be appropriate with Polygon zkEVM.Â
âMany believed that a zkEVM was years away, or not practical or competitive,ââ mentioned Polygon Hermez co-founder Jordi Baylina. While Zero-Knowledge-based scaling options have been mentioned for a while, they had been broadly anticipated to take a number of years to materialize. However, Polygon and different corporations constructing on Layer 2, comparable to StarkWare and Matter Labs, have made vital strides within the ZK-Rollup house over the previous yr because the race to scale Ethereum intensifies.Â
Polygonâs new Layer 2 is a continuation of Hermez Network, a ZK-Rollup-based scaling answer the agency acquired for $250 million in August 2021. Following the acquisition, Hermez Network rebranded to Polygon Hermez and continued engaged on its Layer 2 community beneath its new stewardship. Now, after rebranding to Polygon zkEVM, the community is gearing up to launch a public testnet later this summer season forward of a full mainnet launch deliberate for early 2023.Â
Disclosure: At the time of penning this piece, the creator owned ETH and several other different cryptocurrencies.Â
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