THELOGICALINDIAN - After accepting the ZKRollupbased Hermez Network in August 2024 Polygon is gearing up to relaunch the blockchain as its aboriginal Ethereumcompatible Layer 2 chain
Polygon’s new Layer 2 arrangement is set to barrage its testnet after this summer advanced of a abounding mainnet barrage in aboriginal 2023.
Polygon Reveals EVM-Compatible Layer 2
Polygon has appear a new Ethereum-compatible Layer 2 network.
Revealed on-stage during the fifth Ethereum Community Conference in Paris Wednesday, Polygon zkEVM is the blockchain company’s aboriginal absolutely Ethereum-compatible Layer 2 network.
Unlike the MATIC blockchain, which functions added like an Ethereum sidechain than a Layer 2 network, Polygon’s new alms will use Zero-Knowledge Rollups to accumulation affairs and affirm them on Ethereum mainnet, inheriting the aegis and decentralization of the abject chain. As a result, gas fees on Polygon zkEVM will be decidedly lower than Ethereum mainnet, and eventually the MATIC blockchain.
Polygon zkEVM will be accordant with all absolute Ethereum applications and challenge the Ethereum Virtual Machine at the op-code level. Developers will be able to barrage their projects application Ethereum’s programming language, Solidity, breaking bottomward a key barrier to entry. Additionally, absolute Ethereum tooling, such as the MetaMask wallet and development environments like Hardhat, will additionally be accordant with Polygon zkEVM.
“Many believed that a zkEVM was years away, or not applied or competitive,’” said Polygon Hermez co-founder Jordi Baylina. While Zero-Knowledge-based ascent solutions accept been discussed for some time, they were broadly accepted to booty several years to materialize. However, Polygon and added companies building on Layer 2, such as StarkWare and Matter Labs, accept fabricated cogent strides in the ZK-Rollup amplitude over the accomplished year as the chase to calibration Ethereum intensifies.
Polygon’s new Layer 2 is a assiduity of Hermez Network, a ZK-Rollup-based ascent band-aid the firm acquired for $250 actor in August 2021. Following the acquisition, Hermez Arrangement rebranded to Polygon Hermez and continued alive on its Layer 2 arrangement beneath its new stewardship. Now, afterwards rebranding to Polygon zkEVM, the arrangement is gearing up to barrage a accessible testnet after this summer advanced of a abounding mainnet barrage planned for aboriginal 2023.
Disclosure: At the time of autograph this piece, the columnist endemic ETH and several added cryptocurrencies.
