Polygon Launches zkEVM Testnet: Defi Projects Uniswap, Lens, Aave Join Tests – Bitcoin News

Blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to lower fees and inherit the security of the Ethereum blockchain. . Polygon considers the testnet to be “the first open source zkEVM network,” and the developers encourage people to join the testnet, report bugs, and explore the code hosted on Github.

Polygon launches zkEVM testnet

Monday, Polygon Announced The project’s zkEVM testnet is live and the project team is inviting users to help battle test it and speed up the process to the mainnet. Polygon’s zkEVM is a zk-rollup solution with support for Ethereum Virtual Machine (EVM) and the project is designed to enhance scalability. The Github-hosted project brief notes that zkEVM “consists of a decentralized Ethereum Layer 2 scalability solution that uses zero-knowledge cryptographic technology to provide fast validation and completion of off-chain transaction calculations.”

In addition to inviting users to test the project, decentralized finance (defi) platforms Uniswap and Aave will join the zkEVM testnet, along with game studio Midnight Society and social media platform Lens. “Using Zero Knowledge (ZK) technology to scale Ethereum Virtual Machine (EVM) is a big challenge,” Polygon said on Monday. “We want to keep what we love about Ethereum while harnessing the power of ZK testing. Today, we take another big step toward scalability that doesn’t sacrifice EVM equivalency.”

polygon launches

The zkEVM testnet comes at a time when there are a large number of L2 projects moving towards Ethereum scale and several of them are leveraging ZK technology. L2 projects like Loopring, Zksync, Arbitrum, Boba, Aztec, Immutable X, and Optimism aim to provide better scalability, faster transactions, and reduced fees. Along with ZK technology, some L2 projects use optimistic summaries, while others take advantage of Validium. The difference between the other L2s and zkEVM is the project’s EVM compatibility equivalency.

“EVM equivalence is a spectrum, and the testnet version of Polygon zkEVM is not yet all that we want it to be,” the team’s blog post notes. “The Vitalik framework currently places our zkEVM in the category of ‘Type 3’ protocols, which are ‘nearly equivalent to EVM, but make some sacrifices to achieve exact equivalence to further improve test times and make EVM more reliable’. easier to develop. Our goal is to become Type 2, which means Polygon zkEVM will eventually ‘look exactly like Ethereum’ from the inside.’” The blog post adds:

The testnet will help us accelerate towards Type 2 compatibility.

Tags in this story

Arbitrum, Aztec, Boba, compatibility, equivalence, Ethereum, Ethereum Virtual Machine (EVM), EVM, immutable X, L2 projects, layer two, matic, optimism, polygon, polygon (MATIC), zkEVM polygon, scalability, scalability solution, ZK Technology, zkEVM testnet, Zksync

What do you think about Polygon releasing the project’s zkEVM testnet? Let us know what you think about this topic in the comments section below.

jamie redman

Jamie Redman is the news lead at Bitcoin.com News and a fintech journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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