• Polygon (MATIC) has announced the launch date of its zero-knowledge Ethereum Virtual Machine (zkEVM) beta mainnet for March 27th.
• The zkEVM is a scaling solution that allows blockchain networks to process transactions on Layer 2, making them faster and cheaper.
• More information about the beta network will be available as the launch date approaches.
Polygon Announces Launch Date for zkEVM Mainnet Beta
Polygon (MATIC), one of the largest crypto projects in the industry, has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) beta mainnet will go live on March 27th. This launch marks a major turning point as it brings major improvements to cryptography and blockchains, specifically reducing transaction costs and increasing transaction speed.
What is zkEVM?
The zkEVM is a scaling solution that allows blockchain networks to process transactions on Layer 2 much faster than would be possible on the mainnet alone. After processing, the transaction data goes back to the mainnet so that the entire process takes less time than if using Ethereum alone. This makes it an attractive option for businesses looking to scale their operations more efficiently.
What Will Be Included in ZK EVM’s Beta Network?
Polygon has not yet shared what will be included in its beta network, but they have said that additional information will become available as the launch date approaches. They did mention however, that security will always be top priority when developing this technology.
How Can ZK EVM Help Ethereum?
The introduction of zero-knowledge technology can provide Ethereum with a way to continue scaling operations even further than before. However, development has been challenging due to EVMs not natively supporting zero-knowledge proofs. With this new technology being rolled out by Polygon though, it should make these processes easier and more efficient moving forward.
The upcoming launch of Polygon’s zkEVMs is certainly an exciting moment for Ethereum enthusiasts everywhere as it paves the way towards increased scalability and efficiency while using blockchain technology moving forward. With more information expected soon regarding what will be included in its beta network, there are plenty of reasons why people should keep their eyes peeled for this upcoming event!