Polygon, an Ethereum layer-2 resolution, has lately seen large hype attributable to notable partnerships with main manufacturers corresponding to Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, amongst others.
And the group led by Sandeep Nailwal, co-founder of Polygon, continues to work onerous to maintain that hype going. By way of Twitter, Nailwal shared a massively bullish information at the moment. He wrote:
zkEVM passing 99.5% of Ethereum check vectors placing Polygon zkEVM at extraordinarily excessive EVM-equivalence.
That is additionally mirrored within the dev expertise the place 1000s of solidity sensible contracts have been deployed on zkEVM with none adjustments in any respect. Operating in direction of mainnet quickly!
Narwal referred to David Schwartz, who’s the undertaking lead of the Polygon Hermez group. Schwartz announced on this thread that Polygon’s zkEVM is making super progress.
“Presently, we’re passing 99.5% of Ethereum check vectors that apply to our type-3 implementation (9,650+ assessments handed),” wrote the undertaking lead of group Hermez.
Polygon zkEVM is a whole EVM-equivalent L2 zk-rollup Ethereum scaling resolution. On it, customers have deployed greater than 3000 sensible contracts with out friction or transformation.
“Their dApps work seamlessly, with over 20K transactions,” Schwartz added, additional explaining that the check community zkProver has offered greater than 12,000 full proofs of validity for these arbitrary person transactions.
This Is Why The zkEVM Is Such A Huge Deal For Polygon
Layer-2 scaling options for the Ethereum blockchain have seen a big development in transactions in 2022. And the pattern is projected to proceed.
Layer 2 development this yr has been monumental.
I anticipate this pattern to proceed in 2023 and past. pic.twitter.com/wamQOPicuD
— Miles Deutscher (@milesdeutscher) December 7, 2022
In the meantime, Polygon has established itself as one of many main scaling options. Of all of the options, Polygon has solid essentially the most notable and largest partnerships to develop the Ethereum ecosystem.
And the zkEVM. a zero-knowledge Ethereum Digital Machine (zkEVM), might additional cement this place for Polygon.
The zkEVM is working zk rollups. This smart-contract know-how bundles transactions from the Ethereum ecosystem and sends them to the Ethereum mainnet as a single transaction.
On this context, the zero-knowledge cryptography is each a privateness measure and an information minimization measure. A zero-knowledge proof makes it doable to retain full safety with out revealing the info vital to take action.
Remarkably, the Polygon zkEVM maintains full Ethereum compatibility. Till now, zk rollups with full Ethereum compatibility had been deemed troublesome to program. On this respect, the event of Polygon is a serious milestone.
As soon as the zkEVM mainnet comes on-line, there may very well be an explosion of dApps on Polygon. And the value of MATIC might revenue large time from it.
Nevertheless, at press time, MATIC was buying and selling at $0.88, following the broader market sentiment.