Ethereum World News
2022-07-20 16:12:54

Polygon Introduces zkEVM, an L2 Scaling Solution That Could Reduce Ethereum Gas Fees by 90%

Summary: Polygon has unveiled zkEVM, a layer 2 scaling solution that users zero-knowledge proofs to scale and reduce transaction costs on Ethereum. Polygon’s co-founder, Mihailo Bjelic, has described zkEVM as the ‘holy grail of Web3 infrastructure.’ Polygon zkEVM is estimated to reduce Ethereum fees by 90% compared to current costs on Ethereum’s layer 1. The Polygon (MATIC) team has unveiled a revolutionary way of scaling Ethereum using zero-knowledge proofs. We are proud to announce a giant leap forward for Ethereum […]

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