Technology

Polygon zkEVM Heads to Ethereum Layer 2

Key Takeaways

  • Polygon has introduced its first totally Ethereum-compatible Layer 2 community, Polygon zkEVM.
  • Polygon zkEVM will use Zero-Information Rollups to supply decrease transaction charges than Ethereum mainnet.
  • The Layer 2 community might be suitable with all present Ethereum functions and emulate the Ethereum Digital Machine on the op-code degree.

Polygon’s new Layer 2 community is about to launch its testnet later this summer time forward of a full mainnet launch in early 2023.

Polygon Reveals EVM-Appropriate Layer 2

Polygon has introduced a brand new Ethereum-compatible Layer 2 community.

Revealed on-stage throughout the fifth Ethereum Neighborhood Convention in Paris Wednesday, Polygon zkEVM is the blockchain firm’s first totally Ethereum-compatible Layer 2 community. 

Not like the MATIC blockchain, which capabilities extra like an Ethereum sidechain than a Layer 2 community, Polygon’s new providing will use Zero-Information Rollups to batch transactions and make sure them on Ethereum mainnet, inheriting the safety and decentralization of the bottom chain. Consequently, gasoline charges on Polygon zkEVM might be considerably decrease than Ethereum mainnet, and ultimately the MATIC blockchain. 

Polygon zkEVM might be suitable with all present Ethereum functions and emulate the Ethereum Digital Machine on the op-code degree. Builders will have the ability to launch their initiatives utilizing Ethereum’s programming language, Solidity, breaking down a key barrier to entry. Moreover, present Ethereum tooling, such because the MetaMask pockets and growth environments like Hardhat, will even be suitable with Polygon zkEVM. 

“Many believed {that a} zkEVM was years away, or not sensible or aggressive,’” stated Polygon Hermez co-founder Jordi Baylina. Whereas Zero-Information-based scaling options have been mentioned for a while, they have been broadly anticipated to take a number of years to materialize. Nonetheless, Polygon and different corporations constructing on Layer 2, resembling StarkWare and Matter Labs, have made important strides within the ZK-Rollup area over the previous 12 months because the race to scale Ethereum intensifies. 

Polygon’s new Layer 2 is a continuation of Hermez Community, a ZK-Rollup-based scaling resolution the agency acquired for $250 million in August 2021. Following the acquisition, Hermez Community rebranded to Polygon Hermez and continued engaged on its Layer 2 community below its new stewardship. Now, after rebranding to Polygon zkEVM, the community is gearing as much as launch a public testnet later this summer time forward of a full mainnet launch deliberate for early 2023. 

Disclosure: On the time of penning this piece, the writer owned ETH and a number of other different cryptocurrencies. 

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