Polygon has Revealed what it deems the “most important reveal” of 2022: Polygon is going to launch its new Ethereum Virtual machine compatible Zero Knowledge of proof also called as zkEVM, the first EVM-equivalent of Layer 2 ZK (zero-knowledge) Ahead of the reveal, Polygon co-founder Mihailo Bjelic tweeted on July 17
“When we started Polygon, the Ethereum community support us.” This allowed us to join 300 applications and 150 million users. We have become a huge player in the efforts to scale and other L1s. We have made a commitment to keep our commitment and return the favor the Ethereum blockchain. Ethereum.
” The Polygon technology team has been working on the most recent release and he describes it as being the “Holy Grail of blockchain infrastructure,”
for more than one year. The latest release is focused on improving Ethereum growth and ZK innovations that it hopes will enable users to experience substantially lower costs and higher speeds.
As we want to tell our readers that ZK innovation will play important role in Blockchain innovations because zk Compatibility will make blockchain lighter and faster with high encryption scalability
The team has described Polygon ZKEVM’s capabilities in a blog article, saying that it allows developers to create and implement a variety of smart contracts the exact way they would do on Ethereum. In addition, Polygon zkEVM will offer tools that are Ethereum-compatible, allowing users to take every action they’d perform on Ethereum with a lower cost and at a speedier rate. ZK validity proof ZK validation proof can be used to verify transactions on an Ethereum network. The Polygon zkEVM is described in the Blog or writeup on polygon site and described as “Ethereum, but with ZK scalability” in the text.
The testnet is expected to go live shortly, as per this blog entry, which will allow users and developers to investigate possibilities and create improvements.
Polygon’s MATIC price has yet to react to the major news, but it is up by 64% over the past seven days. MATIC was trading lower by 1.06 percent at $0.92 as of press time.
As per latest update reported by Polygon founder Sandeep Nailwal . Cadbury Gems has announced its first release non-fungible (NFT) collection to mint on polygon with a campaign brand name JUNIOR NFT
Cadbury Gems has partnered with GuardianLink the blockchain network based on Polygon to transform artwork of children from across the world into NFTs.