PRESS RELEASE
Polygon, the world’s leading blockchain development platform, implemented by some of the largest companies globally, including Stripe, Adobe and Starbucks, lands for the first time in LatAm and with one of the most important announcements of the year for the crypto community.
We will witness the launch of the Polygon zkEVM Public Testnet, a technology considered to be the Holy Grail of the blockchain; since it is the only solution that achieves three major design goals: infinite scalability, high security guarantees, and an Ethereum-like experience.
“Today we are pleased to launch the Polygon zkEVM public testnet, the first full-featured open source zkEVM network. It was believed that zkEVM would take several more years to come to market, making this an even more innovative milestone, not just for Polygon but for the entire Web3 industry,” said Polygon co-founder Mihailo Bjelic.
It is the first project to offer a full, open source implementation of zkEVM; a groundbreaking milestone, not just for Polygon, but for the entire industry.
This release is intended to encourage developers to get to know the network, identify bugs and collaborate with Polygon, thus ushering in a new era of Web3 adoption.
“We invite the entire community to test the network, help us test its limits, build and identify bugs, so that together we can deliver the first zkEVM to the world!” Bjelic indicated.
The creation of the ZK Whiteboard Sessions presented by ZK Hack and powered by Polygon represents the first state of zk education anywhere in the world, which is why today the access to the Polygon University beta site was opened, with a module zkEVM where developers can learn how to start building with the public testnet.
Polygon zkEVM is “ethereum equivalent”, meaning that it fully inherits the widely adopted and mature developer ecosystem of Ethereum. All existing smart contracts, developer tools, and wallets already built on Ethereum and Polygon’s PoS will work seamlessly while benefiting from Ethereum’s security and, over time, massive scalability.
This time, Polygon zkEVM harnesses the power of ZK testing to reduce transaction costs and increase performance, thanks to the security of Ethereum. This makes it especially suitable for solutions that require both speed and security, such as payments, finance, gaming, and many more.
With Polygon zkEVM, enterprises can securely build robust, fast, and low-cost full-featured decentralized applications on Ethereum.
The high security and censorship resistance of Polygon zkEVM is also advantageous for DeFi applications. Unlike their bullish counterparts, zk-rollups do not have to wait long periods for withdrawals, which means Polygon zkEVM offers much higher capital efficiency.
Notably, the Polygon zkEVM testnet also includes an open source zk-Prover, the first of its kind to be published. This major breakthrough marks a big step towards the final and most scalable form of Ethereum.
Why choose Polygon zkEVM?
What sets Polygon zkEVM apart from its competitors is its full equivalence to the Ethereum virtual machine, which means developers don’t have to use new programming languages and tools to migrate existing code to zkEVM. This is a huge benefit from a builders point of view as it removes any onboarding friction as well as the need for additional security audits of your current code base.
In addition, Polygon zkEVM’s prover algorithm is much more efficient and cheaper than its counterparts, offering faster completion – minutes instead of weeks – and more capital efficiency.
David Schwartz, co-founder of Polygon Hermez assured that this is the next step for those who are in the Ethereum world.
“Ultimately, Polygon zkEVM is the next step in the Ethereum journey, and we are moving forward to give our users all the benefits of a working zkEVM – scalability without compromise. We have some work to do before we fully achieve those goals.” , and we’re eager to know exactly what needs to be improved and get feedback, so we invite you to help us try out the Polygon zkEVM trial,” said Schwartz.
Some of the biggest DeFi platforms – including Aave and Uniswap, as well as social platform web3 Lens and gaming studio Midnight Society – will be among the first protocols to be deployed on the zkEVM testnet to scale their decentralized applications (dapps). .
Polygon solidifies its commitment to the region by supporting the blockchain industry in Colombia, through its open and free event Polygon Connect: the company’s global initiative that brought together the entire ecosystem through live events, hackathons, investment rounds, mentoring, networking, among others. This space, designed for developers, web3 creators, artists and industry enthusiasts, sought to promote the projects of Colombians interested in innovating on Ethereum.
