The Rise of Polygon zkEVM: The Fully Open Source Solution with Trial Version Launched

On March 28th, Polygon Labs announced that its Polygon zkEVM has been fully open source under the AGPL v3 license. The trial version of the main network of Polygon zkEVM has also been launched synchronously. Currently, up to $1 million in vulnerability rewards have been set up to record critical vulnerabilities.

Polygon zkEVM is now fully open source with a bug reward of up to $1 million

Polygon Labs has made a historic announcement on March 28th, revealing that its Polygon zkEVM (Zero-Knowledge Ethereum Virtual Machine) has been fully open source under the AGPL v3 license. The trial version of the main network of Polygon zkEVM has also been launched synchronously. This ground-breaking development has opened up new possibilities for developers seeking a fully decentralized, high-performance scaling solution for their applications. In this article, we will explore the Polygon zkEVM project in detail, outlining its features, benefits, and use cases, and examine closely the implications of this new development.

What is Polygon zkEVM?

Polygon zkEVM is a Layer 2 scaling solution that enables developers to build ultra-fast, ultra-cheap, and ultra-secure decentralized applications (dApps) on the Ethereum blockchain. It offers users the option to move transactions off the congested Ethereum mainnet to a faster, more scalable Layer 2 network without sacrificing the security guarantees of Ethereum. With Polygon zkEVM, users can harness the power of zk-SNARKs, a zero-knowledge proof technology that enables private and secure transactions, to unlock a faster, more efficient Ethereum. This solution is an extension of Polygon’s existing Layer 2 scaling solution, which has already emerged as one of the most promising scaling solutions for Ethereum.

Key Features

Polygon zkEVM comes with some key features that set it apart from other Layer 2 scaling solutions:
– Fully Decentralized: Polygon zkEVM is a fully decentralized solution that runs on a network of validator nodes, all of which work together to maintain the integrity and security of the network. This ensures that the network cannot be controlled by any single entity or group of entities, making it more resistant to censorship, manipulation, and attack.
– Safe and Secure: Security is a top priority for Polygon. With Polygon zkEVM, users can count on a high level of security thanks to the use of zk-SNARKs, which are cryptographic proofs that allow users to prove the authenticity of their transactions without revealing any sensitive data. This makes it impossible for anyone to tamper with the transaction or to obtain any private data.
– Fast and Low-Cost: Polygon zkEVM is designed to be easy to use and affordable for everyone. It offers users fast and low-cost transactions that make it more accessible to developers and users with varying levels of technical skill.
– Ethereum Compatibility: Polygon zkEVM is fully compatible with the Ethereum Virtual Machine (EVM), which means that developers can use the same tools, programming languages, and smart contract templates that they use on Ethereum. This makes it easy to migrate existing applications to Polygon zkEVM without having to learn new tools or reprogram their dApps.

Use Cases

Polygon zkEVM can be used for a wide range of use cases, including:
– Gaming: With its low latency and fast transactions, Polygon zkEVM is an excellent solution for gaming applications that require a high degree of responsiveness and interactivity.
– DeFi: Polygon zkEVM’s low transaction fees and high throughput make it ideal for DeFi applications that require fast and cheap transactions.
– NFTs: Polygon zkEVM’s low transaction costs and efficient token transfers are an excellent solution for Non-Fungible Token (NFT) marketplaces.
– Enterprise Solutions: Polygon zkEVM can be used to create secure and scalable enterprise solutions, such as supply chain management systems, asset tracking, and more.

The Implications of Polygon zkEVM’s Open-Source and Trial Version Launch

The release of Polygon zkEVM under the AGPL v3 license marks a major milestone in the development of Layer 2 scaling solutions for Ethereum. By making the project fully open source, Polygon has opened up the codebase to peer review, collaboration, and innovation from developers all over the world. This ensures that the project will continue to evolve and improve over time, setting new standards for performance, security, and ease of use.
The trial version of the main network of Polygon zkEVM has also been launched synchronously, offering developers a chance to experiment with the new scaling solution and test its features and capabilities. This trial will help to identify and fix any bugs or glitches, paving the way for a smooth and successful launch of the main network in the future.

Conclusion

Polygon zkEVM is an exciting new development in the world of Layer 2 scaling solutions for Ethereum. With its fully decentralized, safe, fast, and affordable architecture, it is poised to revolutionize the way developers build and use decentralized applications. The open-source release and trial version launch are major milestones that give developers a chance to explore the project’s features and work together to push the boundaries of what is possible on Ethereum.

FAQs

Q1. What is the AGPL v3 license, and why is it important?
A1. The AGPL v3 license is a free software license that ensures that the source code of the project is available to anyone who uses or modifies it, even if they make changes to it and distribute it. It is important because it promotes collaboration and innovation and prevents any single entity from controlling or monopolizing the project.
Q2. What are the benefits of using Polygon zkEVM?
A2. Polygon zkEVM offers users fast and low-cost transactions, high performance, and ease of use. It is fully decentralized and uses zk-SNARKs to protect the privacy and security of all transactions.
Q3. How can I get started with Polygon zkEVM?
A3. Developers can access the codebase for Polygon zkEVM on GitHub, and they can experiment with the trial version of the main network to test its features and capabilities. Polygon also offers a range of tools, documentation, and support to help developers build and deploy their dApps on the network.