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Ethereum Scaling Platform Polygon’s zkEVM Public Testnet goes live

05/12/2022
07/12/2022
08/12/2022

MetaVentures Bangkok 2022

Bangkok, Thailand
14/12/2022
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ICBM Expo

Dubai, UAE
03/03/2023
The Crypto Times - Latest and Crisp Crypto News

Yesterday Polygon introduced that its zkEVM public testnet went live. And with this the race to construct a functioning Ethereum digital machine (EVM) appropriate with zero-knowledge proof-based rollup (zk-rollup) has escalated.

David Schwartz, co-founder of Polygon Hermez says “Polygon zkEVM is the next step in Ethereum’s journey, and we are moving towards giving our users the full benefits of a working zkEVM — scalability without compromise.”

By introducing zero-knowledge (ZK) rollup know-how, Polygon goals to eclipse Ethereum as probably the most scalable system. They will execute transactions off-chain for verification earlier than batching them onto Ethereum for settlement.

By integrating ZK-rollups with EVM (zkEVM), builders gained’t must be taught new programming languages and might shortly transfer/migrate their good contracts. 

The system has the potential to grasp a lot of key blockchain design goals, together with almost infinite scalability, wonderful safety assurances, and a growth ecosystem that’s acquainted to Ethereum builders.

“It was widely believed that zkEVM will take several more years to ship, which makes this an even more groundbreaking milestone, not only for Polygon but for the whole Web3 industry” mentioned Polygon co-founder Mihailo Bjelic.

Aave, Uniswap, Lens, the Web3 social community, and Midnight Society, a sport growth studio, will probably be among the first initiatives to launch on the zkEVM testnet.

In the phrases of Mihailo “We invite the whole community to try out the testnet, help us test its limits, break things and identify bugs, so we can all together deliver the first zkEVM to the world!”

Compiled by Coinbold

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