NEIL ARMSTRONG HE'S NOT: Ethereum's VitalikButerin sends first transaction on 0xPolygon's zkEVM and attaches message imitating the late U.S. astronaut: “A few million constraints for man, unconstrained scalability for mankind” cryptauxmargaux reports
Buterin himself has promoted the development of scaling solutions for Ethereum since at least 2020, and noted in a
last August that the various versions of zkEVMs come with tradeoffs – such as speed versus the degree of compatibility with the Ethereum Virtual Machine programming environment.Although the Polygon zkEVM is live for users to interact with, Nailwal warned that it is still a new technology, hence why it is being called a beta mainnet.
“It's a new technology, so we are going to put ample warnings for the users that please be cautious on this, don't bring your life savings into it immediately,” Nailwal said.Nailwal said he believes ZK technology is the future of Ethereum. In “18 to 24 months, you will see almost all of the large web3 applications being built on the zero-knowledge-proven layer 2 chains,” Nailwal said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polygon zkEVM Mainnet Beta Goes Live; Ethereum’s Buterin to Process First TransactionEthereum scaling platform 0xPolygon Goes Live with its zkEVM Mainnet Beta, and VitalikButerin will initiate the first transaction, cryptauxmargaux reports
Read more »
Polygon’s ‘holy grail’ Ethereum-scaling zkEVM beta hits mainnetPolygon's zkEVM beta hits the mainnet, allowing developers faster throughput and reduced costs of smart contract deployments.
Read more »
Three important crypto stories to look out for this weekPolygon launches zkEVM mainnet beta, Metaverse Fashion Week returns and Australia kicks off its CBDC pilot.
Read more »
Cardano Hydra Solution Prepares for Mainnet Beta Release: DetailsCardano hydra solution in final milestones to mainnet beta launch CardanoADA CardanoCommunity ADA $ADA
Read more »
Polygon (MATIC) zkEVM Set to Go Live Today, Why Is Price Not Riding Train?Polygon's zkEVM launch dominates Crypto Twitter despite current price dip
Read more »
Polygon Labs unveils zkEVM Layer 2 to help scale EthereumDevelopers from Polygon unveiled their Layer 2 scaling solution, Polygon zkEVM, which is a zero-knowledge-based rollup network that is natively compatible with Ethereum apps.
Read more »