Polygon launches scaling solution zkEVM to help Web3 growth

    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 lowered prices and elevated throughput.

    The batching of transactions assist permits for important discount of gasoline charges, whereas it additionally helps sooner settlement of deposits and withdrawals – a sexy facet for DeFi builders.

    Advancing Web3 infrastructure

    The zkEVM additionally affords frictionless performance with all good contracts, wallets and developer instruments, tapping into the identical strong safety that safe the Ethereum blockchain.

    Polygon zkEVM additionally permits for builders to migrate decentralised functions (dApps) from EVM-compatible chains through a easy swap of nodes. They don’t have to change the code, tooling or good contracts after they migrate from EVM-compatible to zkEVM.

    The solution thus boasts the three fundamental options which might be essential to the Web3 ecosystem – scalability, safety and Ethereum-compatibility – which Polygon co-founder Mihailo Bjelic referred to 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 lower charges seen on the Ethereum community by 90% and {that a} future off-chain characteristic may push the charges even decrease).

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