Polygon zkEVM

Polygon zkEVM

Overview

  • Network

    Polygon

  • Country

    -

  • Polygon zkEVM Team

    -
  • Official Links

    • Twitter Logo
  • Latest Funding Round Type

    Venture Round

  • Latest Funding

    $450M

  • Total Funding

    $451.5M

  • Last Funding Date

    Feb 7, 2022

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Key Highlights

  • Polygon zkEVM is a new Layer 2 solution developed by the Polygon Labs in addition to Polygon’s POS(Proof-of-stake) network, which also has plans for a zkEVM validum update
  • Polygon zkEVM is Polygon’s answer to the DLT(Distributed Ledger Technology) - Decentralization | Scalability | Security trilemma, in which a blockchain cannot achieve all three specifications fully without some trade-offs.
  • Polygon zkEVM underlying technology that powers the decentralized Polygon zkEVM tech stack is a Zero-knowledge roll-up, which boast lower cost for transaction fees, higher performance with support for Developers, EVM (Ethereum Virtual Machine) equivalence without any changes in code & lastly enhanced security.