Bankless EthCC #4 | "The Polygon zkEVM Frontier" - Mihailo Bjelic
Jul 29, 2022
Mihailo Bjelic, a key member of the Polygon team, dives into the groundbreaking launch of Polygon's zkEVM, a significant step for Ethereum scalability. He explains how zkEVM enhances Ethereum compatibility and security through open-source development. The discussion covers the roadmap to mainnet launch and the innovative strategies to improve user experience during a bear market. Mihailo also shares insights on the evolution of the Polygon project and the redesign of the MATIC token, offering a forward-looking perspective on blockchain development.
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Polygon's zkEVM Announcement
- Polygon announced their zkEVM, a zero-knowledge Ethereum Virtual Machine, at EthCC.
- This is a significant step towards scaling Ethereum while maintaining compatibility and security.
zkEVM Release and Roadmap
- Polygon has released the code for their zkEVM, marking the start of their roadmap to mainnet.
- The project involved significant cryptographic breakthroughs to prove complex Ethereum operations.
Transaction Fees on zkEVM
- Polygon's zkEVM aims for negligible transaction fees, currently estimated at less than one cent.
- Future improvements in cryptography, code optimization, and hardware acceleration will further reduce fees.