Polygon has just released key features for zkEVM, which might make it the next big thing in the business supply chain.
The Polygon Bridge for Polygon zkEVM is a groundbreaking breakthrough that will improve the Ethereum mainnet’s usability and unleash its full potential. Due to this advancement, ERC-20 and ERC-777 tokens may now be used to make instantaneous withdrawals from the Ethereum mainnet. The mainnet beta of Polygon zkEVM was introduced for the first time on March 27.
The Polygon Bridge for zkEVM is quite similar to the Polygon PoS Bridge in terms of the user experience, which has been vastly improved thanks to these updates. Key improvements include a more prominent progress bar, a comprehensive transaction history, a color-coded recent transaction interface that displays completion status, time estimates for pending transactions, and the ability to filter.
The Polygon Bridge for zkEVM is powered by zero-knowledge technology, providing superior security compared to bridges using alternative technologies. As the rollup is governed by smart contracts on both Ethereum and Polygon zkEVM, users can conduct transactions with swift finality. Ethereum withdrawals can typically be claimed on the mainnet within 30-60 minutes if network conditions are normal.
The bridge supports a wide variety of assets, including ERC-20 tokens and ERC-777 tokens with sophisticated features. In addition, the bridging procedure maps the token being bridged automatically, eradicating the need for manual token mapping. This significant UX improvement stands in stark contrast to other chains that require users to transfer tokens prior to bridging, a procedure that can take hours or days.
The Polygon zkEVM mainnet beta was released on March 27 as a permissionless, open-source, and public platform for anyone to build upon and conduct transactions. Numerous notable dApps, gaming initiatives, and reputable infrastructure providers have already begun mainnet beta development.
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