Regarding the launch of the Mainnet zkEVM, Sandeep Nailwal, the co-founder of Polygon, wanted to reassure that ” coming soon “. The way things are going, it will be operational on the promised date: the end of March 2023.
Polygon ZkEVM Benchmark Success
In July 2022, Polygon announced the advent of its level 2 scalability solution called “zkEVM”. Based on ZK (zero knowledge) technology, and allowing infinite scalability on ETH, it is favorable to the confidentiality and security of user information.
After the success of the zkEVM Public Testnet last October, U°Today reported that the project has just reached a crucial stage in its evolution. The media in question also specified that Polygon’s zkEVM is able to process 10,000 transactions for 1 dollar.
Here are the details shared by Eduardo Antuña regarding the details of the famous test on Twitter.
” I am very happy with our results on the Polygon Prover zkEVM! Batchproof 2:30 (2 min soon) ~500 or ~250 ERC20 tx/batch. On a m6id.metal spot, the cost of the prover: $0.064/teacher ($0.0001/tx). The fastest ZK technology and the first production-ready zkEVM. The prover is no longer a bottleneck. »
In other words :
- the Polygon zkEVM prover mechanism can validate between 250 and 500 transactions of ERC-20 tokens based on Ethereum in just 2.5 minutes;
- it will charge a transaction with a fee of $0.0001;
- zkEVM technology would be the fastest in the world right now;
- etc
What to expect from this solution?
In the event of a successful deployment of Polygon’s zkEVM solution, there will certainly be:
- security of user information;
- reduction of transaction costs;
- availability of products suitable for Web3;
- operation of smart contracts with zero difficulty;
- improved developer friendliness;
- scaling possibilities of Ethereum;
- possible explosions of a few mid-caps;
- quick resolution of off-chain transaction calculation
- MATIC price increase
- etc
As in the case of the Shibarium, the advent of which is associated with the achievement of 1 cent for the SHIB, the deployment of the main network of the Polygon zkEVM could also boost the price of the MATIC.
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