Polygon, a decentralised Web3 infrastructure and Ethereum scaling solution, has launched Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), a layer 2 solution that leverages zero-knowledge proofs to provide seamless transactions buoyed with decreased prices and elevated throughput.
The batching of transactions assist permits for important discount of fuel charges, whereas it additionally helps quicker settlement of deposits and withdrawals – a gorgeous side for DeFi builders.
Advancing Web3 infrastructure
The zkEVM additionally affords frictionless performance with all sensible contracts, wallets and developer instruments, tapping into the identical sturdy safety that safe the Ethereum blockchain.
Polygon zkEVM additionally permits for builders to migrate decentralised functions (dApps) from EVM-compatible chains through a easy change of nodes. They don’t have to change the code, tooling or sensible contracts after they migrate from EVM-compatible to zkEVM.
The solution thus boasts the three primary options which might be essential to the Web3 ecosystem – scalability, safety and Ethereum-compatibility – which Polygon co-founder Mihailo Bjelic known as the “holy grail of Web3 infrastructure.”
“Until now, it has not been practically possible to offer all these properties at once. Polygon zkEVM is a breakthrough technology that finally achieves that, thus opening a new chapter of mass adoption,” he commented.
The L2 solution helps seamless minting of NFTs, Web3 gaming and enterprise functions. In all these, builders get the advantages of upper throughput and low charges (Polygon believes its zk-rollups can reduce charges seen on the Ethereum community by 90% and {that a} future off-chain function may push the charges even decrease).
