Polygon is set to launch its new Layer 2 scaling solution, zkEVM, on the mainnet on March 27. The new solution will be a zero-knowledge or ZK-Rollup that allows for off-chain computations for faster and cheaper transactions, while prioritizing security.
Polygon claims that its zkEVM will be equivalent to Ethereum’s Virtual Machine, making it easier for developers to onboard apps from Ethereum and use them on Polygon’s network without significant changes.
The new solution has been in development for over a year, and has already undergone two third-party security audits.
The launch of zkEVM could bring a significant shift in the competition between the zero-knowledge Layer 2 solutions such as Polygon zkEVM, Starknet, and Scroll, as none of them have yet released a product for public use.
Despite potential last minute development challenges, the launch of Polygon’s zkEVM could be a game-changer.