Polygon zero-knowledge EVM rollup aims cheaper Web3 transactions

2022.07.20 16:33

Polygon zero-knowledge EVM rollup aims cheaper Web3 transactions

Polygon, a Web3 infrastructure on the Ethereum blockchain, announced the launch of Polygon zkEVM or zero-knowledge Ethereum Virtual Machine, a Layer-2 scaling solution aimed at reducing transaction costs and improving scalability.

The new zero-knowledge (ZK) scaling solution, Polygon zkEVM, operates in full compatibility with existing Ethereum (ETH)-based smart contracts, developer tools and wallets using zero-knowledge cryptography protocol, a.k.a. zk proof. Polygon uses zk proof to club multiple transactions into groups before relaying them over to the Ethereum blockchain as a single transaction.

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