polygon has unveiled what it considers the “most important reveal” of 2022: the polygon zkEVM, the first EVM-equivalent of Layer 2 ZK (zero-knowledge).
We are proud to announce a giant leap forward for Ethereum scaling and ZK innovation.
Introduction to Polygons #zkEVMThe first EVM-equivalent ZK L2.
Today we’re releasing a full implementation, completely open source, and we’re just getting started.
[1/6] pic.twitter.com/P929DRCT1y
– Polygon – MATIC (@0xPolygon) 20 July 2022
Before Appearing, Co-Founder mihailo bejelic Tweeted on July 17: “When we launched Polygon, the Ethereum community embraced us. It empowered us to onboard 30,000 apps and 150 million users and become a giant between scaling efforts and L1s. We committed Ethereum promised to stay and give back.”
when we started @0xPolygonThe Ethereum community embraced us. This empowered us to onboard 30k apps and 150M users and become a giant among the scaling efforts and Alt L1s.
We promised to remain committed and give back to Ethereum.
In 3 days, we are reaching that. I pic.twitter.com/hRBN8DOVF7
— Mihailo Bjelic (@MihailoBjelic) 17 July 2022
He further added that Polygon’s technical team has been quietly working on the latest release, which he refers to as the “Holy Grail of Blockchain Infrastructure” for over a year.
The new release focuses on advancing Ethereum scaling and ZK innovation, which it believes will help users experience significantly lower costs and faster speeds. The team describes the features of Polygon zkEVM in a blog post, claiming that it enables developers to create and deploy multiple smart contracts in the same way they do on Ethereum.
Additionally, Polygon zkEVM will offer Ethereum-backed tooling, enabling users to perform any operation on Ethereum at a lower cost and faster rate. The ZK Validity Proof can be used for verification on the Ethereum network. Polygon zkEVM is called “Ethereum, but with ZK scalability” in the passage.
According to the blog post, the testnet is due to launch soon, allowing developers and the community to explore possibilities and improve.
Polygon’s MATIC price is yet to respond to the big news, but the price is up almost 64% over the past seven days. At press time, MATIC was trading down 1.06% at $0.92.
Cadbury Leverages Polygon Blockchain for NFTs
Another global giant @cadburyworld Gems NFT collection launched @0xPolygon
– Created by Super People @guardian_nft
Let’s keep building! https://t.co/yw0Rtf4kfj
— Sandeep | Polygon 3️⃣ (@sandeepnailwal) 20 July 2022
As shared by co-founder of Polygon Sandeep NelwalCadbury Gems has announced the launch of its first non-fungible token (NFT) collection through the most recent Junior NFT campaign.
Chocolatier has teamed up with GuardianLink, a blockchain network built on Polygon, to convert children’s artwork across the country into NFTs.