Polygon has set a late March launch date to its zkEVM mainnet Beta
The Ethereum scaling solutions provider is about to launch the long-awaited Ethereum virtual machine roll-up technology. News Collect this article as an NFT. The long-awaited scaling upgrade by Ethereum layer-2 solution provider Polygon has been announced. The Beta launch of its zero-knowledge Ethereum Virtual Machine mainnet is scheduled for March. 27.In a Feb. 14 blog post, Polygon said after three and a half months of “battle testing,” the system will be ready for the mainnet next month.Roses are red Violets are blue Poems are hard Mainnet Beta is here ON MARCH 27, Polygon #zkEVM launches the future of Ethereum scaling https://t.co/OqSOYTn8Uv pic.twitter.com/kpXavea3ff– Polygon (@0xPolygon) February 14, 2023
The zk-rollup scaling technology is being developed continuously for the past three year. Source: Polygon. The team noted that security is a top priority and it’s the reason why Polygon zkEVM has been through a gauntlet of tests and audits. Source: Polygon. The team pointed out that security is a top priority. “Polygon zkEVM has gone through a series of tests and audits.” The technology uses zero-knowledgeproofs — cryptographic verifications that enable platforms to validate large amounts of transaction data before bundling them onto Ethereum. Scaling provider zkSync is developing similar EVM technology with its zkPorter — which puts essential transaction data off-chain.Scroll, another scaling solutions provider, is also building a zkEVM solution in collaboration with the Privacy and Scaling Explorations group, which is part of the Ethereum Foundation.The Ethereum Foundation is also funding a project called Applied ZKP which aims to develop an EVM-compatible zk-rollup.Related:Polygon tests zero-knowledge rollups, mainnet integration inboundThe team explained the significance of the technology, stating that true EVM-equivalence means Ethereum can 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. This is what Polygon zkEVM aims to achieve.” The scaling technology also allows for significant transaction cost savings. The proof costs for large batches of hundreds of transactions are lower at $0.06, and less than $0.001 for simple transfers, according to the team. MATIC, Polygon’s native token, has seen a positive reaction to the announcement, with a 5.3% increase in the past 12 hours. According to Cointelegraph data, the token was trading at $1.24 as of the time of writing.