Polygon Labs has introduced zkEVM Validium, a new Layer 2 secured by Zero Knowledge (ZK) technology, to build the value layer of the Internet.
zkEVM Validium was introduced by the developers at Polygon Labs recently as part of the upcoming Polygon 2.0 update.
Last week, Polygon Labs informed its community that it is working on a new update that will increase the capabilities of the network, to make it more scalable, secure, and efficient. This is Polygon 2.0, an update focused on building the value layer of the Internet to democratize access to the global economy via the Web.
You may be interested: Polygon offers V2 to build the value layer of the Internet
From Polygon PoS to zkEVM Validium
As mentioned, zkEVM Validium is the first step proposed by the Polygon developers in moving towards the Polygon 2.0 update. Through this an offerthe network development team seeks to solve several challenges around Polygon PoS, a permissionless validated secured blockchain that supports the Ethereum Virtual Machine (EVM).
In their proposal, the developers of Polygon Labs explain that Polygon PoS is one of the most used chains in the Polygon ecosystem, but it faces several challenges primarily related to the security model and technology stack it implements. Therefore, with zkEVM Validium, developers are looking to leverage ZK technology to improve the network and address current challenges, to ensure that the blockchain continues to be an essential part of the Polygon ecosystem in the upcoming 2.0 update.
Polygon Labs said that Polygon PoS is the network of choice for many blockchain developers and users and, due to its strength and agility, will serve as the foundation for Polygon 2.0.
What is zkEVM Validium?
Polygon Labs defined zkEVM Validium as the “lower cost, higher performance sibling of the cumulative package”.
zkEVM Validium is a decentralized L2 layer secured by zero-knowledge proofs, or ZKs, that offers similar security guarantees to bundling but with even greater benefits. First, it allows you to store transaction data off-chain. Secondly, by not taking up much space to store transactions, they offer significantly lower commission rates. Ultimately, this innovation ensures a higher level of network scalability and performance.
Impact on the Polygon ecosystem
On the other hand, Polygon Labs has confirmed that the implementation of ZK’s technology suite will not interrupt the user experience for network users or developers. For validators and contract operators, they will only need to update to the latest version of the Polygon PoS client software. The network’s developers have also confirmed that Polygon’s economy will not be affected either.
Polygon recently released a solution called Polygon zkEVM, which is the first fully equivalent ZK pool with the Ethereum infrastructure. After Polygon 2.0, both solutions, both Polygon zkEVM and zkEVM Validium, will reside in the Polygon ecosystem; The first is cumulative and the other valid.
Polygon aims to consolidate itself as the largest blockchain ecosystem in the crypto industry, providing innovative solutions for developing applications and communities that require high transaction volume and require low transaction fees, such as Web3 games, decentralized social networks and for those who prioritize security when reliably processing high-value transactions. , such as DeFi ecosystems.
At press time, the MATIC token is showing a weekly price gain of 9%.
Continue reading: Polygon Labs launches zkEVM scalability solution for Ethereum
“Beeraholic. Friend of animals everywhere. Evil web scholar. Zombie maven.”