Polygon, an Ethereum layer-2 resolution, has lately seen huge hype as a result of notable partnerships with main manufacturers akin to Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, amongst others.
And the staff led by Sandeep Nailwal, co-founder of Polygon, continues to work exhausting to maintain that hype going. By way of Twitter, Nailwal shared a massively bullish information in the present day. He wrote:
zkEVM passing 99.5% of Ethereum take a look at 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 modifications by any means. Working in direction of mainnet quickly!
Narwal referred to David Schwartz, who’s the venture lead of the Polygon Hermez staff. Schwartz announced on this thread that Polygon’s zkEVM is making large progress.
“At present, we’re passing 99.5% of Ethereum take a look at vectors that apply to our type-3 implementation (9,650+ checks handed),” wrote the venture lead of staff 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 take a look at 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 Large Deal For Polygon
Layer-2 scaling options for the Ethereum blockchain have seen a big progress in transactions in 2022. And the pattern is projected to proceed.
Layer 2 progress this yr has been monumental.
I count on 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 cast essentially the most notable and largest partnerships to develop the Ethereum ecosystem.
And the zkEVM. a zero-knowledge Ethereum Digital Machine (zkEVM), may additional cement this place for Polygon.
The zkEVM is working zk rollups. This smart-contract expertise 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 a knowledge minimization measure. A zero-knowledge proof makes it potential to retain full safety with out revealing the info mandatory to take action.
Remarkably, the Polygon zkEVM maintains full Ethereum compatibility. Till now, zk rollups with full Ethereum compatibility have been deemed tough to program. On this respect, the event of Polygon is a serious milestone.
As soon as the zkEVM mainnet comes on-line, there might be an explosion of dApps on Polygon. And the value of MATIC may revenue large time from it.
Nonetheless, at press time, MATIC was buying and selling at $0.88, following the broader market sentiment.