Polygon to release ZK scaling solution fully compatible w/ Ethereum - BitcoinEthereumNews.com
EthereumIlalabas ng Polygon ang ZK scaling solution na ganap na katugma sa Ethereum07 / 20 / 2022Balita ng Ethereum ng Bitcoin Polygon, the popular Ethereum-focused scaling platform, today anounced the launch of Polygon zkEVM, the first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, harnessing advanced cryptography called zero-knowledge proofs. As of now, Polygon has released part of the source code and roadmap for zkEVM, with the public testnet expected later this summer and the mainet launch planed for early 2023. The Polygon zkEVM is fundamentally equivalent to the Ethereum Virtual Machine (EVM) itself and fully benefits from all of Ethereums ecosystem. EVM-equivalence is different from EVM compatibility because it creates less friction, removing the need for any kind of modification or re-implementation of code. Polygon zkEVM, which stands for zero-knowledge Ethereum Virtual Machine, leverages zero-knowledge (ZK) proofs to reduce transaction costs and increase throughput while inheriting the security of Ethereum. ZK proof technology works by batching transactions into groups, which are then relayed to the Ethereum Network as a single, bulk transaction. The ‘gas fee’ for the single transaction is then split between all the participants involved, dramatically lowering fees. For developers of payment and DeFi applications, Polygon