Polygon launched an extensibility solution using ZK-Rollups technology, zkEVM, which is compatible with EVM.
July 20, 2022, Polygon launched an extensible solution using ZK-Rollups technology, zkEVM. It is known that zkEVM will be compatible with Virtual Machines Ethereum (Ethereum Virtual Machine), or rather, projects built on zkEVM will easily integrate with the network Ethereum.
We are proud to announce a giant leap forward for Ethereum scaling and ZK innovation.— Polygons - MATIC (@0xPolygon) July 20, 2022
Introducing Polygon #zkEVM, the first EVM-equivalent ZK L2.
Today we're releasing a complete implementation, fully open-source, and we're just getting started.
Polygon #zkEVM is the first technology of its kind. No other scaling solution harnesses the potential of ZK proofs while achieving EVM-equivalence.— Polygons - MATIC (@0xPolygon) July 20, 2022
And this is only the beginning.
Learn more about Polygon #zkEVM and the roadmap here 👇 [6/6]https://t.co/3d4nDHhfDO
ZK-Rollups is a complex technology, used on blockchain to help process more transactions at a lower cost. ZK-Rollups is one of the L2 solutions being widely used on Ethereum.
Hermez co-founder Jordi Baylina is the strongest in the launch:
“Many people think that zkEVM is outdated, there is no competition among current L2s. No one trusts us.
But Polygon believes.”
zkEVM is still in phase testnet and is expected to launch the mainnet by the end of 2022.
This is the latest development after Polygon "swinged" $250 million acquisition of Hermez – which is an Ethereum L2 solution using ZK-Rollups.