Polygon Announces March 27th Mainnet Beta Release of zkEVM
Polygon, an Ethereum Layer 2 scaling solution, recently announced that the mainnet beta for its zero-knowledge Ethereum Virtual Machine (zkEVM) would be live on 27 March. This date was specified in the announcement. This launch represents a critical milestone in the project’s development and is slated to transform the way Ethereum apps function.
The zkEVM is a zero-knowledge rollup that has been designed to improve both encryption and blockchain technology. The method is a workable solution to the problem of how blockchain should develop since it promises to increase the volume of transactions while simultaneously reducing costs.
The Polygon zkEVM has hit several milestones
According to a Polygon blog post published on February 14, researchers have been actively developing a zero-knowledge scaling system for the last three years. The Polygon zkEVM development team has accomplished several notable goals throughout this time frame.
The milestones include a six-month battle-testing period on public testnets, the generation of over 75,000 ZK proofs, the deployment of over 5,000 smart contracts, and the passing of 100% of the Ethereum test vectors that apply to a zkEVM.
Additionally, the blog added that the Polygon zero knowledge Ethereum Virtual Machine (zkEVM) testnets have sparked remarkable enthusiasm and growth among the entire industry. In addition, Polygon zkEVM has evolved to become more reliable, efficient, affordable, and safe.
The price of the native Polygon MATIC token has surged by 56% this year, illustrating the tremendous interest in and excitement about Polygon and its ground-breaking blockchain solutions.
Blockchain-based digital bond on Polygon`s blockchain
In other related updates, Siemens (SIE), the third-largest publicly listed business in Germany in terms of market valuation, recently released its first digital bond in an effort to simplify the amount of paperwork it must deal with and to more directly approach prospective buyers.
According to a press statement, the bond with a maturity of one year and a face value of sixty million euros (about sixty-four million dollars) was issued on the Polygon blockchain. The organization did not want to disclose the interest rate.
To sum up, Polygon’s native token, known as MATIC, was traded at $1.27, and the 24-hour trading volume was $769,865,911. In the last 24 hours, Polygon’s price has increased by 7.59 percent, and the cryptocurrency now holds the tenth spot on CoinMarketCap ranking.
A total of $11,099,569,902 is now available for the MATIC/USD pair on the live market. In addition, it has a supply of 8,734,317,475 MATIC coins that are now in circulation and a maximum supply of 10,000,000,000 MATIC coins.
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