.0xPolygon zkEVM is expected to launch on the mainnet in early 2023. The company claims it is a 'major leap forward' in the world of zero-knowledge technology.
At the Ethereum Community Conference in Paris on Tuesday, Ethereum scaling tool Polygon announced Polygon zkEVM, which the company described as a"major leap forward" in the world of zero-knowledge technology.
There are two main types of rollups: Optimistic and zero knowledge. Of the two, zero knowledge is generally considered the superior technology, but its engineering complexity has caused it to lag behind quicker-to-market Optimistic rollups.The idea of a fully featured ZK rollup – one that can accommodate any Ethereum smart contract like the current leading Optimistic rollups – was, until recently, thought to be years away.
“Generally, until now, it was only possible or feasible to build these use case-specific circuits, Nailwal explained. “For example, a payment [platform], or NFT swaps – all these small individual things.” Nailwal said he expects Polygon zkEVM to slice transaction fees by 90% in comparison with Ethereum. He also estimated that the network will be able to support 40 to 50 transactions per second, compared with Ethereum’s approximately 15 transactions per second. Over time, Nailwal said, the team’stechnology – which it announced in January – will be used to boost transaction capacity orders of magnitudes higher.
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