Polygon, the sidechain of the Ethereum (ETH) blockchain, has deployed its zkEVM network based on zero knowledge rollups (zkRollups) technology compatible with the Ethereum Virtual Machine (EVM). So zkEVM Polygon is the second such series 2 to enter the race after the recent launch of zkSync Era.
Polygon exposes its layer 2 zkEVM on the mainnet
The race for zkEVMs is in full swing: after the Matter Labs firm recently launched zkSync Era, the sidechain Polygon (MATIC) formalizes the deployment of its network based on zero-knowledge rollups (zkRollups) compatible technology the Ethereum Virtual Machine (EVM).
After about a year of development, the zkEVM polygon network celebrated its launch with a transaction made by none other than Vitalik Buterin, co-founder of the Ethereum (ETH) blockchain. The latter symbolically made a 0.005 ETH transaction to a random address, all accompanied by a humorous contactless message:
“A few million constraints for humans, unrestricted scalability for humanity. »
So, zkSync Era and zkEVM Polygon are now neck and neck in layer 2 zkEVM deployed on the mainnet, while others are still in the testing phase like Scroll or Starknet. Unlike classic ZK-Rollups, zkEVMs allow full compatibility with Ethereum code, which facilitates the work of developers and the deployment of applications.
However, they have one thing in common with the classic ZK-Rollups a significant increase in the scalability of its basic network (layer 1) while reducing transaction costs, while benefiting from their native network which is Ethereum.
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About fifty applications have already shown their interest in Polygon zkEVMin particular the Uniswap (UNI) and Aave protocols, whose respective deployments have not yet been validated with their decentralized autonomous organization (DAO).
Since Polygon zkEVM is in the Mainnet Beta stage, users are advised to be cautious about the various transactions they may have to perform. However, the network should have high security, the latter was subject to two independent audits as well as an internal audit.
Moreover, The full source code of Polygon zkEVM has been made open source licensed under AGPL v3, which provides maximum transparency and allows developers to take full advantage of layer 2 code.
Mihailo Bjelic, co-founder of Polygon, was equally positive about EVM layer 2 compatibility:
“With zkEVM, you will be able to deploy any Ethereum application without any modifications, using existing Ethereum development tools like Remix, and interact with the network using a normal wallet like Metamask. Almost 6,000 smart contracts were deployed on the test network with no modifications and no issues. »
However, the price of the MATIC lost 4.28% over 24 hours as of this writing, as you can see on the graph below:
MATIC price 24 hours
👉 To read – What are the legal risks for influencers of the French crypto ecosystem?
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I wrote articles for Cryptoast to help make blockchain more accessible to everyone. Surely cryptocurrencies will change the future very soon.
Maximilien Pru
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