Polygon Introduces the zkEVM Scaling Solution for Web3 Adoption

According to Polygon, the new method addresses the fundamental blockchain trilemma of decentralization, scalability, and security.

Polygon, a leading Ethereum scaling network, has announced the release of its Zero-Knowledge Ethereum Virtual Machine (Polygon zkEVM), a new Ethereum-equivalent scaling solution based on Zero Knowledge (ZK) proofs.

Polygon Introduces a New Scaling Solution

The ZK proofs technology aggregates transactions before sending them to the Ethereum blockchain as a single transaction request. The gas charge for a single transaction is then divided among the participants, reducing the transaction fee to the bare minimum.

Polygon claims its zkEVM solution is the first Ethereum-equivalent scaling solution that uses ZK proofs to improve scalability and minimize costs without sacrificing security, according to a press statement.

Because the Polygon zkEVM is “fundamentally identical” to the Ethereum Virtual Machine (EVM), it can be used with current smart contracts, developer tools, and wallets without the need for code modification or re-implementation.

How to Solve the Blockchain Trilemma

According to the announcement, the scaling solution was created to address the underlying Blockchain Trilemma of decentralization, scalability, and security. Polygon believes that resolving these difficulties will aid in the adoption of Web3 technology.

The Polygon zkEVM, according to Polygon co-founder Mihailo Bjelic, is a breakthrough in cryptographic research that empowers developers to construct the future of Web3 that completely benefits the Ethereum ecosystem.

“To onboard the first billions of people to Web3, blockchain architecture must be able to scale without sacrificing security. Until now, that has not been practically possible, and developers and users have had to choose between the two. Polygon zkEVM is a breakthrough technology that offers both scaling and high security, thus opening a new chapter of mass adoption,” said Bjelic.

Simple Migration

Aside from resolving the Blockchain Trilemma, the new technology makes it simple to migrate decentralized applications (dApps) built on chains compatible with the EVM to the Polygon zkEVM. According to the project, existing Polygon dApps may easily transition to the zkEVM.

According to the release, blockchain developers who use programming languages like Solidity and toolsets like MetaMask and Hardhat can move their applications by simply switching nodes. Furthermore, the zkEVM simplifies the creation of non-fungible tokens (NFTs), new gaming technologies, and enterprise applications.

Meanwhile, Polygon has teamed with Nothing, the creator of Phone (1), to enable web3 functionality in smartphones as part of its efforts to promote the adoption of Web3 technology.