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 will probably be suitable with all present Ethereum functions and emulate the Ethereum Digital Machine on the op-code stage.

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 in the course of the fifth Ethereum Group Convention in Paris Wednesday, Polygon zkEVM is the blockchain firm’s first totally Ethereum-compatible Layer 2 community.

In contrast to the MATIC blockchain, which capabilities extra like an Ethereum sidechain than a Layer 2 community, Polygon’s new providing will use Zero-Knowledge Rollups to batch transactions and ensure them on Ethereum mainnet, inheriting the safety and decentralization of the bottom chain. Consequently, fuel charges on Polygon zkEVM will probably be considerably decrease than Ethereum mainnet, and ultimately the MATIC blockchain.

Polygon zkEVM will probably be suitable with all present Ethereum functions and emulate the Ethereum Digital Machine on the op-code stage. Builders will be capable 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 wallet 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 had been extensively anticipated to take a number of years to materialize. Nevertheless, Polygon and different firms constructing on Layer 2, akin to 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 underneath 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 scripting this piece, the creator owned ETH and several other different cryptocurrencies.

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