Polygon Launches zkEVM Beta Version for Scalability
Polygon, the Ethereum scaling platform, has announced the beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) platform. It aims to achieve scalability, security, and EVM compatibility. The platform is completely open-sourced. It allows developers to access repositories to modify, use, and distribute the software in any way they see fit. The mainnet beta for the platform went live at 14:25 Coordinated Universal Time (UTC). It is inaugurated by Vitalik Buterin, who completed the first transaction on the network.
The moment we’ve all been waiting for – Polygon #zkEVM Mainnet Beta is LIVE with @VitalikButerin performing the symbolic first transaction.
👏🏿 Permissionless
👏🏾 Public
👏🏽 Fast finality
👏🏼 Leading EVM-equivalent zkEVM
👏🏻 Completely open-sourceMore 👇🏻https://t.co/Xo4mbhnASh
— Polygon (labs) (@0xPolygonLabs) March 27, 2023
Polygon’s zkEVM Platform Attracts DApps and Infrastructure Providers
Polygon has said that the platform will launch with a number of decentralized applications (DApps), gaming projects, and infrastructure providers. Balancer, The Graph, Lens, and others have already announced their participation.
The zkEVM platform is the second decentralized exchange to be launched on the mainnet, following the release of the zkSync Era mainnet on March 24th. Polygon has also pledged to make the source code for every component of its zkEVM publicly available. It allows developers to analyze and contribute to the advancement of zero-knowledge technology.
Polygon’s co- founder, Sandip Nailwal, expressed company’s desire to adopt a culture that is in line with the Web3 code. It will enable more experimentation and opportunities for innovation.
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Polygon’s latest announcement has generated excitement within the blockchain community, with experts predicting it to be one of the most significant blockchain developments of 2023. The launch of the zkEVM platform highlights the increasing demand for scalability solutions in the Ethereum ecosystem. Polygon’s efforts to address this demand are seen as a crucial step towards achieving mainstream adoption of decentralized technology.
Vitalik Buterin Leads Ethereum’s Scalability Development
As the world continues to embrace the potential of blockchain technology, Ethereum founder Vitalik Buterin remains at the forefront of innovation in the field. Buterin has long been a champion of developing scalability systems for Ethereum. His insights are highly valued within the cryptocurrency community. With the potential for continued growth and development in the coming years, the Ethereum network is sure to remain a key player in the evolving landscape of blockchain technology.
This beta launch of the Polygon zkEVM platform is a significant milestone for the blockchain industry and highlights the potential for zero-knowledge technology to play a pivotal role in the future of decentralized technology. The platform’s commitment to scalability, security, and open sourcing is expected to generate interest among developers, businesses, and investors, ultimately paving the way for the wider adoption of decentralized technology.
