Polygon, an Ethereum layer-2 solution provider, has announced the long-awaited scaling upgrade. In detail, the Beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet on March 27.
Read CRYPTONEWSLAND onIn a blog post, Polygon stated that the system would be ready for the mainnet the following month after three and a half months of battle testing. It has been marketed as seamless scalability for Ethereum and was released as a testnet last December.
Since 2020, the zk-rollup scaling technology has been under continuous development. During this time, the Polygon zkEVM system has reached multiple milestones, as noted by the development team.
Among these are:
The team stated that security is the top priority, which is why Polygon zkEVM has been subjected to a battery of rigorous testing and audits.
The system employs zero-knowledge proofs – cryptographic confirmations that, in the context of scaling, allow platforms to validate vast quantities of transaction data prior to bundling and confirming them on Ethereum.
In other developments, the IMF warns El Salvador against increasing its exposure to Bitcoin. The IMF recommended that the government of El Salvador adhere to consistent budgetary restrictions and good governance standards and that the protections given by the Digital Asset Law be similar to those provided by conventional securities regulation.
Tether Holdings achieves a remarkable $4.52B profit in Q1 2024, boosting net equity to $11.37B.…
Tron CEO Justin Sun advocates for meme coins like Dogecoin and Shiba Inu, emphasising community…
Gibraltar, Gibraltar, May 1st, 2024, ChainwireBlockchain infrastructure provider Synternet has announced that it has added…
The thrill of discovering under-the-radar coins with growth potential makes this read a compelling one…
The current market trend suggests that investors are leaning towards BlastUP, expecting it to outperform…
Auckland, New Zealand, May 1st, 2024, ChainwireAcala Network releases a new technological roadmap displaying the…