The scaling solution aims to solve the blockchain trilemma - decentralization, scalability, and security - crucial for the Web3 sector.
The scaling solution aims to solve the blockchain trilemma – decentralization, scalability, and security – crucial for the Web3 sector.
Polygon announced that Polygon Bridge is now available for Polygon zkEVM. The development comes a month after the launch of the zero-knowledge rollup on Mainnet Beta. The symbolic first transaction on Polygon zkEVM Mainnet Beta was performed by Ethereum co-founder Vitalik Buterin. Polygon zkEVM Mainnet Beta is designed to be an all-purpose Ethereum scaling protocol that allows developers means to build on it with the usage being similar to Ethereum, without modifying languages or tooling.
Polygon Bridge for zkEVM is powered by zero-knowledge technology, meaning – they are governed entirely by smart contracts – one on Ethereum and one on Polygon zkEVM. Moreover, users will be able to withdraw funds from the Ethereum mainnet within 30-60 minutes. It will also support ERC-20 tokens and the extended features of ERC-777 tokens.
The launch of Polygon zkEVM eliminates the mapping requirement – a process that can take hours or even days. As such, the token being bridged will automatically be mapped once a user triggers the bridging transaction. This is being touted as a “major UX improvement” compared to other chains, which require users to map tokens before bridging.“Permissionless, open source, and public – anyone can use it to transact and build.
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