Polygon’s zkEVM option will be implemented on March 27th

After a extended time period of advancement, Polygon has exposed that its tier two option for Ethereum, zkEVM, will officially launch on March 27th.

Polygon’s zkEVM option will be implemented on March 27th

On the evening of February 14, Polygon (MATIC) announced that it has picked March 27 as the implementation date for zkEVM, layer two website link to Ethereum utilizing zero-information protection engineering.

While not still releasing all the specs and confirming no matter whether common customers will be in a position to entry zkEVM at that time, Polygon mentioned it will place protection on the new network initially and will offer much more data in the coming weeks.

zkEVM is a layer two option for Ethereum, evolving in direction of zk-Rollup and utilizing safe zero-information proofs to confirm information and boost privacy.

zkEVM was initially announced by Polygon in July 2022 and has grown given that then, with in excess of five,000 intelligent contracts implemented and 75,000 zk proofs created.

As the title suggests, zkEVM will be compatible with the Ethereum Virtual Machine (EVM) from the commence, permitting Ethereum tasks to quickly connect and deploy their merchandise on it. The Polygon crew mentioned:

“Polygon zkEVM is the ‘gold standard’ for EVM, getting passed one hundred% of the exams for an Ethereum EVM. Developers can simply just copy and paste code that runs on Ethereum into zkEVM with out more modification.”

Polygon co-founder Mihailo Bjelic shares with CoinDesk which is searching to integrate zkEVM into the project’s principal blockchain, Polygon POS.

zk-Rollups is a advancement alternative of decision for numerous Layer-two remedies on Ethereum since it is deemed superior to Optimistic Rollups, this kind of as StarkNet, zkSync and Scroll. All are competing for the title of the initially tier two zk-Rollups to be launched to the local community.

Polygon founder Sandeep Nailwal commented:

“Polygon zkEVM’s Ethereum mainnet launch event will make it the first zk-Rollups solution to be integrated with the mainnet, a major milestone in scaling Ethereum and bringing Web3 to the masses.”

Meanwhile, the remaining Tier two Ethereum advancement path is Optimistic Rollups, which has viewed numerous names go reside and show terrific possible, this kind of as Arbitrum and Optimism.

Comparison of ETH deposit charges and token swaps amongst Ethereum and Tier two remedies on the morning of 02/15/2023. Source: L2 commissions

MATIC cost is escalating much more than six% in contrast to 24 hrs in the past thanks to the information that Polygon has announced that the time to launch a tier two option for Ethereum is zkEVM.

15 million MATIC/USDT chart on Binance at 08:fifty five on two/15/2023

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