Blog

Polygon Labs engineering staff has revealed a proposal to improve Polygon Proof-of-Stake (PoS) sidechain to ‘zkEVM Validium’, an Ethereum-secured Layer 2 community.

Markedly, the zkEVM Validium protocol is a first-of-its-kind decentralized L2 secured by zero-knowledge (ZK) proofs. The improve is focused in direction of maintaining with the longer term by aligning the present Polygon PoS with the imaginative and prescient of Polygon 2.0. If accepted and permitted, the improve could be rolled out on the mainnet by Q1 2024.

3/ The chain would proceed to be operated by the prevailing $MATIC-staked validators, who would then be operating a first-of-its-kind, decentralized sequencer, and information availability community.

If the proposal is accepted, the improve might go reside on mainnet by the top of Q1 2024.

— Polygon (Labs) (@0xPolygonLabs) June 20, 2023

Polygon Awaits Approval of Upgrade Proposal

Polygon 2.0 was introduced a few week in the past as a imaginative and prescient for limitless scalability and unified liquidity. Hence, this comes off as a big milestone for the protocol seeing that Polygon PoS would evolve to develop into safer, and in addition carry out higher. Specifically, Polygon 2.0 plans to make the most of Polygon’s in-house zkEVM to improve the sidechain’s safety, and efficiency whereas additionally holding charges low and sustaining scalability. 

Also, “If the proposal passes, Polygon PoS and its $2B in assets, millions of users, and thousands of apps would seamlessly migrate to this bleeding-edge technology,” Polygon tweeted.

In the Polygon weblog submit, it was additionally highlighted that “If accepted by the community, this upgrade will mark an incredible technical achievement — the first time that an existing chain (especially of this size and importance) adds ZK proofs to become an L2.”

Aligning Polygon PoS to Polygon 2.0 Vision

Noteworthy, this isn’t the identical because the zkEVM which Polygon Labs launched on the mainnet a number of months in the past. At the identical time, Polygon envisages that each the upgraded Polygon PoS and the already present zkEVM would coexist efficiently in the identical ecosystem. Moving ahead, the chain will nonetheless be operated by present MATIC staking validators. 

While Polygon PoS has a robust ecosystem and is broadly accepted by all, it isn’t secured by any ZK Proofs however by its validators, therefore the necessity for an improve which is equal to unification with different ecosystems. Polygon PoS will take pleasure in interoperability with different chains within the broader crypto ecosystem. 

From its design, it should match completely into the Polygon 2.0 imaginative and prescient with none alterations for customers and builders.

AD

Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the true life purposes of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His needs to educate individuals about cryptocurrencies evokes his contributions to famend blockchain based mostly media and websites. Benjamin Godfrey is a lover of sports activities and agriculture. Follow him on Twitter, Linkedin

The introduced content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability for your private monetary loss.