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Gungun Bhatia
Dec 22, 2022
by Gungun Bhatia

Polygon Releases Second Testnet zkEVM, Last Step Prior to Mainnet Goes Live

polygon zkEVM

Table of contents

  1. Polygon Released Second Testnet zkEVM
  2. Polygon - Proof-of-Stake Layer 1 Chain
Polygon, an Ethereum scaling network, has reached the last phase before launching the mainnet with the release of its second public testnet, zkEVM. Recursion, a new improvement that the testnet will test, is said to have the potential to allow Ethereum to scale exponentially. The planned date for the mainnet release was not made public by Polygon.

Polygon Released Second Testnet zkEVM

With open-source code for its proving system, a crucial part of operating the zkEVM, Polygon asserts that it is the first innovative scaling technology leveraging zero-knowledge proofs to achieve public testnet. Despite the fact that Polygon calls itself "open source," other zkEVM platforms have criticized it for doing so in the past.

In the past year, ZkEVMs, a new Ethereum scaling method, have become more popular. Despite not having been tested, they may significantly reduce the prices and speeds of transactions on Ethereum, enable on-chain anonymity, and make it simpler for programmers to create apps. This might pave the way for a slew of brand-new on-chain apps that would connect real-world assets to cryptocurrency and off-chain data.

Polygon - Proof-of-Stake Layer 1 Chain

The zkSync platform, a different zkEVM technology, raised $200 million in a Series C fundraising round last month.

Polygon is well-known for its proof-of-stake Layer 1 chain, which has grown to be one of the most dynamic in terms of transaction volume. However, during the past two years, Polygon has made several investments and internal breakthroughs in zero-knowledge, a comparatively recent technology that might enhance on-chain scalability and security and which Vitalik Buterin claimed is practical to employ for Ethereum's long-term goal.

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Polygon Releases Second Testnet zkEVM, Last Step Prior to Mainnet Goes Live
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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