• Polygon (MATIC) has revealed the launch date for its zkEVM Mainnet Beta — March 27th 2023.
• The project promises that the beta mainnet will provide major improvements to cryptography and blockchains, such as reducing transaction costs and increasing speed.
• Additional information regarding what the network will include will become available in weeks leading up to the launch date.
Polygon Reveals Launch Date for zkEVM Mainnet Beta
Polygon (MATIC), an Ethereum scaling project, has announced a launch date for its zero-knowledge Ethereum Virtual Machine (zkEVM) beta mainnet — March 27th 2023. The project promises that this launch will bring major improvements to cryptography and blockchains, such as reducing transaction costs and increasing speed.
What Does This Mean?
The introduction of zkEVMs is viewed by many as a turning point for blockchain technology, as it allows networks to process transactions on Layer 2 much faster than would be possible on the mainnet alone. This could drastically reduce transaction fees while speeding up the entire process of using blockchain services.
What Will Be Included In The Beta Network?
While Polygon has not revealed exactly what will be included in the beta network yet, they have said that additional information regarding this matter will become available in weeks leading up to the launch date. They also mentioned that security will be their top priority when developing this new system.
Who Is Polygon?
Polygon is one of the largest crypto projects in the industry, and is focused on providing scalability solutions for Ethereum-based networks. It was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic with a mission to enable faster transactions on Ethereum’s blockchain while maintaining a high level of security and decentralization.