zkEVM testnet

Polygon Launches Ethereum zkEVM Testnet

11.10.2022 08:27 (Updated 11.10.2022 09:10)
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by Sviatoslav Pinchuk
1 min read

Polygon has released its zkEVM testnet, used for testing Ethereum zk-rollups for dApps. Several prominent projects have immediately signed up, including DeFi platforms Aave and Uniswap, video-game company Midnight Society, and Web3 social network Lens.

Zk-rollups are used to increase the speed of transactions, lower their costs, and enhance privacy. They function by condensing several transactions so that they fit into a single block. This is a particularly useful option as Ethereum only works with 15 transactions per second.

Polygon’s zkEKM testnet is fully compatible with Ethereum. Developers should be able to easily migrate onto it, as all projects built on Ethereum or Polygon are intended to work right away without issues.

Polygon is now reaping the rewards following its last year’s acquisition of the zk-rollups startup Mir, worth $400 million, and a merger with the zk-rollups company Hermez, worth $250 million.

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  • Man who simply bought some BTC for domestic needs in 2014 and then forgot about it till 2017. The dude who got Etherium in 2017 by misclick and sold it in 2018 "just to try". Lost 1 Florida house in XEM in 2018, Sviatoslav finally decided to trade reasonably and now he is one of the most analytical and data-driven trader in Crypto Industry. Has Bachelor Degree of Chinese Interpreter and deep practical experience in competitive niches SEO.

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