Yesterday Polygon announced that its zkEVM public testnet went live. And with this the race to build a functioning Ethereum virtual machine (EVM) compatible 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 technology, Polygon aims to eclipse Ethereum as the most scalable system. They will execute transactions off-chain for verification before batching them onto Ethereum for settlement.
Also Read : Polygon Reveals the First Ethereum Scaling Solution “zkEVM”
By integrating ZK-rollups with EVM (zkEVM), developers won’t need to learn new programming languages and can quickly move/migrate their smart contracts.
The system has the potential to realise a number of key blockchain design objectives, including nearly infinite scalability, excellent security assurances, and a development ecosystem that is familiar to Ethereum developers.
Also Read: Ethereum Virtual Machine: Facts and Functionality
“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” said Polygon co-founder Mihailo Bjelic.
Aave, Uniswap, Lens, the Web3 social network, and Midnight Society, a game development studio, will be some of the first projects to launch on the zkEVM testnet.
In the words 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!”
