Polygon (MATIC), Set To Launch zkEVM mainnet On This Day; More Price Increase Ahead

Polygon (MATIC), one the most prominent scaling projects on Ethereum, plans to release zkEVM, a Layer-2 scaling solution, in a mainnet stage on March 27. This will enable faster transactions and more secure transactions.
Developers will find it easy with zkEVM
Polygon claims that zkEVM is nearly identical to Ethereum’s Virtual Machine (EVM). This indicates that users can expect the network to support the exact same code as Ethereum. This allows developers to import apps from Ethereum, and use them on Polygon’s zkEVM network. ZK rollups use “proofs” to prove that a transaction wasn’t faked by simply publishing a small amount of information about the transaction.


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Polygon launched its zkEVM testing network in October. It deployed the EVM to its ZK rollup. This allowed Ethereum developers to transfer smart contracts from the primary blockchain to ZK rollup without the need to rewrite them in another programming language. According to official data, more 75,000 ZK proofs were generated since the live testnet was launched. Around 5,000 smart contracts have been created.

The team was quoted in an official blog post as saying:
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Polygon zkEVM was battle-tested by actual testnet usage, as well as through extensive auditing. Developers can also copy-paste code from Ethereum to use it for Polygon zkEVM.
Despite the rise of Layer 2 solutions like Arbitrum and Optimism (both Optimistic Rollup-based solutions), the majority of zero-knowledge Layer2 solutions don’t have Ethereum compatibility.
Polygon (MATIC), Price Suge Ahead


The team also announced that Polygon Labs will provide more information about Mainnet Beta in the coming weeks. Polygon zkEVM was subject to a series rigorous audits and examinations because security is paramount. Developers and users can expect complete transparency about the security measures being implemented to protect Ethereum’s community during the Mainnet Beta phase.

Analysts expect a significant price increase in the days ahead of the launch. This has been positively received by the crypto community. According to CoinGape’s crypto market monitor, Polygon (MATIC), is currently trading at $1.23. This represents a 7.6% increase over the past 24 hour, compared to 1.85% in the last seven days.
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