Polygon (MATIC) is about to launch its highly anticipated zkEVM Ethereum scaling solution on the Ethereum mainnet.
Polygon co-founder Sandeep Nailwal tweeted on Monday that the team behind Polygon zkEVM has set a release date for it. He did not give a specific date but said it would happen “soon”.
“Just came out of a high level zkEVM Mainnet launch committee. Can’t keep calm folks. WE HAVE A DATE for mainnet launch! And it's’ SOOON!” he said on Twitter.
zkEVM, often called the Holy Grail of Ethereum scaling, stands for Zero-knowledge Ethereum Virtual Machine, which is a type of benchmarking solution for Ethereum that incorporates zero-knowledge evidence to validate smart contracts on an Ethereum virtual machine.
In the case of Polygon zkEVM, it would act as a zero-knowledge data aggregator, meaning it would take thousands of transactions off-chain, put them into batches, and send the batches for verification on the Ethereum mainnet. This method of verifying transactions increases throughput and reduces transaction costs.
Polygon zkEVM has been in the testnet since last October. The team aims to launch the first zkEVM on mainnet.
But Polygon is not the only project planning to release zkEVM on the Ethereum mainnet this year. Scroll, zkSync, and Consensys are also working on their own zkEVMs and plan to launch them sometime in 2023.
Polygon is a powerhouse when it comes to scaling Ethereum. If it successfully launches a fully functional zkEVM this year, Ethereum may finally be ready for mass adoption.