Polygon has launched its second testnet, claiming it is the last stage before launching its mainnet.
Polygon, an Ethereum scaling platform, has launched its second public testnet, marking the platform’s last step before mainnet activation.
The testnet will evaluate a new improvement dubbed recursion, which attempts to scale Ethereum exponentially. Polygon did not announce a specific launch date for the mainnet.
Polygon asserts that their zkEVM, a revolutionary scaling technology based on zero-knowledge proofs, is the first to reach a public testnet with open-source code for its proving system, a crucial component for operating the zkEVM. In the past, rival zkEVM platforms have criticized Polygon for its usage of the phrase “open source,” despite the fact that Polygon has previously claimed to be “open source.”
ZkEVMs are a novel scaling technique for Ethereum that has gained interest over the last year. While not yet demonstrated, they might dramatically enhance Ethereum’s transaction costs and speeds, potentially allow on-chain anonymity, and simplify application development for developers. This might enable a variety of new on-chain applications, bridging the gap between off-chain data and real-world assets in cryptocurrency. zkSync, an additional zkEVM platform, received $200 million in a Series C fundraising round last month.
Polygon’s proof-of-stake Layer 1 chain has become one of the most active in terms of transaction volume. But during the last several years, Polygon has made a number of acquisitions and in-house advancements in zero-knowledge, a relatively new technology that might boost scalability and privacy on-chain, and which Vitalik Buterin has deemed suitable for Ethereum’s eventual endgame.
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