Polygon (MATIC) zkEVM, a zero-knowledge scaling resolution designed to be suitable with the Ethereum Virtual Machine (EVM), has achieved a big milestone by finishing its first upgrade.
The improve, often known as the Dragonfruit Upgrade, marks a big step ahead for Polygon zkEVM since its launch in mainnet beta in March 2023.
Polygon zkEVM Implements Key Improvements
As an EVM equal ZK rollup scaling resolution, Polygon zkEVM goals to make sure seamless compatibility with present sensible contracts, developer tooling, and wallets. This compatibility permits for a “smooth transition” and continued operation with out disrupting the ecosystem.
Developers can leverage the advantages of Polygon zkEVM’s zero-knowledge proofs, particularly validity proofs, to scale back transaction prices and enhance transaction throughput whereas sustaining the sturdy safety offered by the Ethereum base layer.
The profitable completion of the Polygon zkEVM Mainnet Beta improve, together with bridge operations, signifies a notable achievement, in line with the protocol’s announcement on September 20.
Dragonfruit Upgrade: profitable
Polygon zkEVM Mainnet Beta improve + bridge operations have accomplished efficiently. System resumes full exercise.
Devs, the listing of EVM networks that help PUSH0 opcode:
1) Ethereum
2) Polygon zkEVM Mainnet Beta https://t.co/YEjDhHDD6w— Polygon (@0xPolygon) September 20, 2023
With the completion of the improve, the system has resumed full exercise, offering customers with enhanced performance and improved scalability.
Regarding the PUSH0 opcode help, Polygon zkEVM Mainnet Beta is now included within the listing of EVM networks that help this opcode.
Including Polygon zkEVM Mainnet Beta alongside Ethereum demonstrates its compatibility with present Ethereum-based networks and additional expands the choices out there to builders.
Completing the primary main improve for Polygon zkEVM represents a notable development in zero-knowledge scaling options.
By combining the advantages of zero-knowledge proofs, decrease transaction prices, elevated throughput, and Ethereum’s base-layer safety, Polygon zkEVM goals to supply an environment friendly and safe atmosphere for decentralized purposes and blockchain growth.
With the profitable improve and its continued dedication to compatibility and scalability, Polygon zkEVM strengthens its place as a scaling resolution throughout the broader Ethereum ecosystem.
Developers and customers alike can leverage the capabilities of Polygon zkEVM to construct and work together with decentralized purposes whereas having fun with the advantages of improved effectivity and decreased prices.
MATIC Sees Modest Gain, Holding Significant Seven-Day Increase
Despite ongoing developments throughout the Polygon ecosystem, the native token of the protocol, MATIC, has remained range-bound for the previous two days, failing to check higher resistance ranges.
Currently, the token is consolidating between the worth vary of $0.536 and $0.5472, buying and selling at $0.5426. It has maintained relative stability for over 24 hours, with a slight acquire of 0.5% throughout this time-frame.
However, MATIC has nonetheless held vital features over the seven days, with a 5.9% enhance. This allowed the token to reclaim the $0.500 degree after shedding it and experiencing a decline to $0.419 on September 11, following the general market pattern. This marked the bottom level of the yr for MATIC.
MATIC faces resistance at two key ranges, specifically $0.5587 and $0.5930. These resistance partitions pose challenges for the token’s restoration and upward momentum. MATIC should surpass these obstacles within the quick time period earlier than it may well regain the $0.600 mark.
On the opposite hand, a regarding issue is that MATIC solely has a help degree at a 1-year low of $0.4614. Bulls should defend this threshold to forestall a big downtrend resulting in new yearly lows.
However, MATIC may break away from the decrease lows zone if the market circumstances develop into extra favorable for altcoins, doubtlessly resulting in a worth surge.
Featured picture from iStock, chart from TradingView.com
