Polygon tables late-March launch date for its zkEVM Mainnet Beta

The long-awaited scaling upgrade from Ethereum layer-2 solution supplier Polygon (MATIC) has been announced, with the Beta motorboat of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet slated for Mar. 27.

In a Feb. 14 blog post, Polygon said aft 3 and a fractional months of "battle testing," the strategy volition beryllium acceptable for the mainnet adjacent month.

— Polygon (@0xPolygon) February 14, 2023

It's been touted arsenic “seamless scaling for Ethereum," and was launched arsenic a testnet successful December past year.

The improvement of the zk-rollup scaling exertion has been ongoing for the past 3 years. During that time, the Polygon zkEVM strategy has deed respective milestones noted by the team.

These see the deployment of much than 5,000 astute contracts, the procreation of implicit 75,000 zk-proofs, much than 84,000 wallets and 2 nationalist third-party audits.

A graphic detailing the improvement truthful acold starring up to the launch. Source: Polygon

The squad noted that information is the highest precedence and it's the crushed “why Polygon zkEVM has been tally done a gauntlet of tests and audits.”

The exertion uses zero-knowledge proofs — cryptographic confirmations that, successful the discourse of scaling, alteration platforms to validate wide amounts of transaction information earlier bundling and confirming them connected Ethereum.

Polygon is not the lone squad moving connected a zkEVM solution. Scaling supplier zkSync is processing akin EVM exertion with its zkPorter — which puts indispensable transaction information off-chain.

Scroll, different scaling solutions provider, is besides gathering a zkEVM solution successful collaboration with the Privacy and Scaling Explorations group, which is portion of the Ethereum Foundation.

The Ethereum Foundation is besides backing a task called Applied ZKP which aims to make an EVM-compatible zk-rollup.

Related: Polygon tests zero-knowledge rollups, mainnet integration inbound

The squad explained the value of the technology, stating that existent EVM-equivalence means Ethereum tin beryllium scaled “without resorting to half-measures.”

“The champion mode to standard Ethereum is to sphere the existing Ethereum ecosystem: code, tooling, and infrastructure needs to conscionable work. And that’s what Polygon zkEVM is aiming to achieve.”

The scaling tech besides enables important transaction outgo savings. Proof costs for a ample batch of hundreds of transactions are down to astir $0.06 and little than $0.001 for a elemental transfer, the squad added.

Matter Labs, the steadfast down Polygon, raised $50 million successful a Series B circular led by Andreessen Horowitz to physique EVM-compatible zk-rollups successful November 2021.

Polygon’s autochthonal token, MATIC, has reacted positively to the announcement with a 5.3% summation implicit the past 12 hours oregon so. As a result, the token was trading for $1.24 astatine the clip of writing, according to Cointelegraph data.