Caution: Layer 2 Polygon Wants To Upgrade Polygon PoS Chain Compatible With zkEVM
Key Points:
- Polygon Labs suggested an update to zkEVM validium, a Layer 2 network protected by Ethereum, for its flagship Polygon PoS sidechain.
- The update attempts to bring the present Polygon PoS chain in line with the Polygon 2.0 goal.
- If accepted by the Polygon community, the huge update would boost security and make the blockchain foundation more “future-proof.”
On Tuesday, Polygon, an Ethereum scaling solution, published a pre-proposal discussion post to make its primary chain, the Polygon PoS chain, compatible with zero knowledge (ZK) technology.
According to the proposal, the update intends to connect the present Polygon PoS chain with the concept for Polygon 2.0, a future version of Polygon that employs zkEVM validium, a sort of zero-knowledge scaling technology.
The proposal, named “Polygon 2.0,” indicates that it intends to employ Polygon’s in-house zkEVM to improve the security and efficiency of the sidechain while maintaining its low fees. This would be distinct from the team’s current zkEVM, which was released in March 2023.
The update would still be Ethereum Virtual Machine compatible. A validium varies from a ZK rollup in that it employs an off-chain data availability architecture. Polygon also provides a ZK rollup, which became live in March.
According to Polygon co-founder Mihailo Bjelic’s blog post, if accepted by the Polygon community, the massive update would boost security and make the blockchain foundation more “future-proof.”
Polygon Labs said that the updated Polygon PoS and the old zkEVM would coexist inside the Polygon ecosystem. If the update is authorized, it might be deployed on the mainnet by the end of 2024.
Moreover, Bjelic claims that this improvement would reduce reorgs, allow for speedier transaction confirmations, and enable the blockchain to grow.
The upgrade will be the first time an existing chain has included ZK proofs and advanced to Layer 2. In terms of daily transactions, Polygon is now one of the most actively utilized blockchains in the crypto market, with over $2 billion in on-chain assets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
Coincu News
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Caution: Layer 2 Polygon Wants To Upgrade Polygon PoS Chain Compatible With zkEVM
Key Points:
- Polygon Labs suggested an update to zkEVM validium, a Layer 2 network protected by Ethereum, for its flagship Polygon PoS sidechain.
- The update attempts to bring the present Polygon PoS chain in line with the Polygon 2.0 goal.
- If accepted by the Polygon community, the huge update would boost security and make the blockchain foundation more “future-proof.”
On Tuesday, Polygon, an Ethereum scaling solution, published a pre-proposal discussion post to make its primary chain, the Polygon PoS chain, compatible with zero knowledge (ZK) technology.
According to the proposal, the update intends to connect the present Polygon PoS chain with the concept for Polygon 2.0, a future version of Polygon that employs zkEVM validium, a sort of zero-knowledge scaling technology.
The proposal, named “Polygon 2.0,” indicates that it intends to employ Polygon’s in-house zkEVM to improve the security and efficiency of the sidechain while maintaining its low fees. This would be distinct from the team’s current zkEVM, which was released in March 2023.
The update would still be Ethereum Virtual Machine compatible. A validium varies from a ZK rollup in that it employs an off-chain data availability architecture. Polygon also provides a ZK rollup, which became live in March.
According to Polygon co-founder Mihailo Bjelic’s blog post, if accepted by the Polygon community, the massive update would boost security and make the blockchain foundation more “future-proof.”
Polygon Labs said that the updated Polygon PoS and the old zkEVM would coexist inside the Polygon ecosystem. If the update is authorized, it might be deployed on the mainnet by the end of 2024.
Moreover, Bjelic claims that this improvement would reduce reorgs, allow for speedier transaction confirmations, and enable the blockchain to grow.
The upgrade will be the first time an existing chain has included ZK proofs and advanced to Layer 2. In terms of daily transactions, Polygon is now one of the most actively utilized blockchains in the crypto market, with over $2 billion in on-chain assets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
Read More