Polygon Labs is about to launch Polygon zkEVM mainnet beta, MATIC price increases by 6%

Polygon Labs is announcing the Polygon zkEVM Mainnet Beta, marking the beginning of a journey into the future of blockchain scaling. When the Polygon zkEVM testnet was launched last year, it demonstrated Ethereum’s seamless scaling solution for the first time. Polygon zkEVM is an EVM-compatible zkEVM that has been a groundbreaking innovation that has revolutionized the blockchain world since its launch.

Polygon zkEVM has reached several milestones on the road to Mainnet Beta. Over 84,000 wallets have been implemented, 300,000 blocks generated and 75,000 ZK proofs generated. In addition, more than 5,000 smart contracts have been deployed, and two third-party public audits have been conducted. Stress testing on the public testnet has been going on for six months.

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A cool feature of Polygon zkEVM is its true EVM compatibility. Ethereum can scale without withdrawal delays, fraud proofs, new languages ​​or compilers designed for ZK rollups to “compatible” zkEVM without support for existing Ethereum developers’ engines. Developers can copy and paste Ethereum-ready code and use it to build on Polygon zkEVM without making any changes, as all Ethereum tools work seamlessly with Polygon zkEVM.

Polygon zkEVM proofs for a batch of hundreds of transactions take about two minutes, and throughput is expected to increase soon. The cost of similar batch transactions drops to around $0.06, making it a seamless, secure, and affordable way to access everything users love about Ethereum.

The launch of the Polygon zkEVM Mainnet Beta is an important milestone for both Polygon and Ethereum. ZK innovations will soon revolutionize every aspect of the Polygon ecosystem. The future is bright and more announcements will be made soon. The Polygon team is proud of the level of adoption achieved thus far and is committed to being fully transparent about the security measures protecting the Ethereum community during the Mainnet Beta.

At press time, MATIC’s native token is up nearly 6 percent and is trading at $1.24.

Source: TradingView

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according to AZCoin News

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