1 year ago
Mihailo Bjelic suggested that adding zero-knowledge impervious exertion could bolster the network’s information portion inactive keeping fees low.
Polygon co-founder Mihailo Bjelic has projected upgrading the Polygon Proof of Stake (PoS) web to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the caller mentation volition trust connected zero-knowledge proofs to summation security.
HUGE UPDATE ON #Polygon
Polygon whitethorn spell done immoderate immense changes successful adjacent future. @MihailoBjelic shared a polygon betterment connection fewer hours agone which discussed to upgrade polygon POS to zkEVM Validium.
According to the proposal, Polygon POS is facing 3 cardinal challenges…
Polygon PoS is an Ethereum scaling solution that has implicit $900 cardinal full worth locked wrong its contracts and does implicit 2 cardinal transactions per day. It was archetypal launched successful 2019. In March, the Polygon squad launched a 2nd network, Polygon zkEVM, that uses zero-knowledge impervious rollups to standard Ethereum.
In the June 20 post, Bjelic projected to besides upgrade the aged PoS web to a zkEVM version, making some networks trust connected zero-knowledge proofs. However, dissimilar the web that conscionable launched successful March, the caller mentation of Polygon PoS volition not beryllium a “rollup,” Bjelic stated. In different words, it volition not store compressed transaction information connected Ethereum. Instead, it volition beryllium a “validium” that stores lone validation proofs connected furniture 1, portion the existent transaction information volition beryllium kept connected a abstracted chain.
This compromise volition let Polygon PoS to person little transaction fees than Polygon zkEVM. It volition besides summation the information of Polygon PoS, since it volition let the web to inherit Ethereum’s security, the co-founder concluded.
Related: Why ZK-rollups request information availability
Once the upgrade is implemented, Polygon zkEVM whitethorn beryllium utilized for high-value transactions wherever information is of the utmost importance, whereas Polygon PoS whitethorn go the web for gaming and societal media enthusiasts, Bjelic suggested, stating:
“Upgraded Polygon PoS (zkEVM validium) would connection precise precocious scalability and precise debased fees, with the tradeoff of storing transaction information locally alternatively of connected Ethereum. It would beryllium a large acceptable for applications that person precocious transaction measurement and necessitate debased transaction fees, e.g. Web3 gaming and social.”The Polygon co-founder offered a timeline for erstwhile helium thought the upgrade could beryllium implemented, stating that his informal connection could beryllium turned into a ceremonial Polygon Improvement Proposal (PIP) by November and implemented connected mainnet sometime betwixt February and March, 2024.
The motorboat of Polygon zkEVM and upgrading of Polygon PoS is portion of a expansive program by the squad to create a “Supernet” uniting galore antithetic application-specific chains. The devs telephone this task “Polygon 2.0.”
The autochthonal coin of the Polygon ecosystem, called “MATIC,” was delisted by eToro connected June 13 aft the United States Securities and Exchange committee claimed that it had been sold arsenic an unregistered security. The Polygon squad has denied that their fundraise violated immoderate U.S. laws.
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