Polygon has brought the future of Ethereum to the moment where everyone exists. Polygon has introduced Polygon zkEVM to tackle issues of ZK Rollups and, most importantly, enable the deployed smart contracts on Layer-2 to scale infinitely using ZK proofs.
Polygon zkEVM looks to leverage one component each from ZK proofs and Ethereum Virtual Machine, also known as EVM. While it will benefit from the scalability of ZK proofs, and compatibility will be served directly by Ethereum Virtual Machine.
The development was undertaken to accomplish the primary vision of allowing users and developers to avail of the benefits of the future while also benefiting from the decentralization, familiarity, and security of Ethereum.
ZK Rollup has been the basic scalability approach; however, its drawbacks must be addressed almost instantly. The issues dealt with performance and compatibility.
ZK Proofs is a promising technology, but it cannot lead the industry to success unless all the pointers have been resolved with a better solution that can be accessed by developers and users alike.
Users have found ZK Proofs expensive and slow at the time of generation, making it less worthy of everyone’s time and attention. The only way up was to improve the cost and compatibility factor drastically. Polygon zkEVM brings the futuristic solution after its team announced that it has drastically improved proof-generation times.
As a result of that improvement, users will now experience much lower costs and higher speed. Moreover, Polygon zkEVM is equivalent to Ethereum. Meaning, that users can build on the platform in the same manner in which they build on Ethereum.
Ethereum smart contracts and other tools will be fully functional when deployed on Polygon zkEVM. Polygon has defined it as Ethereum but with ZK scalability. Users can do everything on the platform they do on Ethereum for lower cost and improved speed.
More details are awaited to be released, with testnet scheduled to go live soon to allow the community to explore the possibilities and improvements to the system.
Polygon zkEVM is permissionless and open-source, depicting that users can trust the source code and do not sacrifice decentralization and security. Polygon zkEVM has also been defined by Polygon as the next giant leap for Ethereum.
Polygon is relying on its new system to get another billion users on board with a firm belief that it will assist the network in scaling its operations.
Polygon shared the news by publishing a blog post that concluded that the team plans to open source the code today and will soon launch the testnet for the community to explore the recent launch.
Testnet would give a better idea about shortcomings and improvements that must be dealt with at the earliest for the success of Polygon zkEVM and to ensure that the future does not take long to arrive.