Polygon’s zkEVM solution to be deployed on March 27

After a long time of development, Polygon revealed that their layer-2 solution for Ethereum, zkEVM, will officially launch on March 27.

Polygon’s zkEVM solution to be deployed on March 27

On the evening of February 14, Polygon (MATIC) announced that it had chosen March 27 as the deployment date for zkEVM, layer-2 linking to Ethereum using zero-knowledge proof security technology.

Although not yet releasing all the specifics and confirming whether general users will be able to access zkEVM at that time, Polygon said it will put the safety of the new network first. and will provide more information in the coming weeks.

zkEVM is a layer-2 solution for Ethereum, evolving towards zk-Rollups and using secure zero-knowledge proofs to verify data and improve privacy.

zkEVM was first announced by Polygon in July 2022 and has grown since then, with over 5,000 smart contracts deployed and 75,000 zk proofs generated.

As the name suggests, zkEVM will be compatible with the Ethereum Virtual Machine (EVM) from the start, allowing Ethereum projects to easily link and deploy their products on it. The Polygon team said:

“Polygon zkEVM is the ‘gold standard’ for EVM, having passed 100% of the tests for an Ethereum EVM. Developers can simply copy and paste code that works on Ethereum to zkEVM without any further changes.”

Polygon Co-Founder Mihailo Bjelic shares with CoinDesk that is looking to integrate zkEVM into the project’s main blockchain, Polygon POS.

zk-Rollups is a development option chosen by many Layer-2 solutions on Ethereum because it is considered superior to Optimistic Rollups, such as StarkNet, zkSync and Scroll. All are competing for the title of the first layer-2 zk-Rollups to be released to the 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 for Ethereum and bringing Web3 to the masses.”

Meanwhile, the remaining development direction of layer-2 Ethereum is Optimistic Rollups, which has seen many names come into operation and demonstrate great potential, such as Arbitrum and Optimism.

Comparison of ETH deposit and token swap fees between Ethereum and layer-2 solutions on the morning of 2/15/2023. Source: L2fees

The MATIC price is increasing by more than 6% compared to 24 hours ago thanks to the news that Polygon has announced that the time to launch a layer-2 solution for Ethereum is zkEVM.

15m chart of MATIC/USDT pair on Binance at 08:55 AM on 15/02/2023

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