- Polygon (MATIC) zkEVM can course of 10,000 transactions for $1, core dev says
- Rally of zk-narrative tokens on menu?
Polygon (MATIC) zkEVM, a novel Layer-2 scalability answer primarily based on cryptographic zero-knowledge proofs (ZKPs), will course of Ethereum (ETH) transactions with unmatched pace and resource-efficiency. Cryptocurrency veteran Eduardo Antuña, a core developer of Polygon (MATIC) zkEVM shares particulars of its testing.
Polygon (MATIC) zkEVM can course of 10,000 transactions for $1, core dev says
On Feb. 9, 2023, Antuña took to Twitter to share particulars in regards to the stress-testing of Polygon (MATIC) zkEVM, a hotly-anticipated scaling growth by Polygon Community.
Actually enthusiastic about our outcomes on the @0xPolygon zkEVM Prover! Batchproof 2:30 (2min quickly) ~500 or ~250 ERC20 tx/batch🚀On a spot m6id.steel prover’s price: $0.064/proof ($0.0001/tx) The quickest ZK tech and the primary production-ready zkEVM💪The prover is now not a bottleneck🍾
— Eduardo Antuña 🦇🔊 (@eduadiez) February 9, 2023
In keeping with the statistics supplied by the developer, the prover mechanism of Polygon (MATIC) zkEVM now solely spends 2.5 minutes to validate a batch of 250-500 transactions of Ethereum-based ERC-20 tokens.
This design permits to dramatically cut back transactional charges. Ought to it’s rolled out on an m6id.steel occasion (cloud pc with 128 vCPU, 512 GB RAM, 4×1900 NVMe SSD and 50 GB per second bandwidth), it can solely cost a transaction with a $0.0001 price.
Antuña highlights that to this point this design is the world’s quickest zero-knowledge know-how and the first-ever production-ready zkEVM platform.
The prover mechanism (which checks and confirms the validity of transactions) is now not a bottleneck for Ethereum (ETH) scaling, the dev added.
Rally of zk-narrative tokens on menu?
Polygon zkEVM will considerably advance the scaling alternatives of Ethereum (ETH), enhance its developer friendliness and inject new life into the ZKP narrative.
As such, some researchers expect an upsurge of all tokens in some way associated to this narrative. Whereas Polygon (MATIC) is the obvious one, there are additionally some mid-caps that may explode on the zkEVM launch.
Sometimes, Loopring (LRC), Nightfall Community (DUSK), ImmutableX (IMX) and Mina Protocol (MINA) are highlighted as essentially the most promising tasks of this section.