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You are here: Home / Archives for Polygon zkEVM

Polygon zkEVM

Shiba Inu: Polygon’s Offer To Shibarium To Unveil New Horizons

September 1, 2023 by Lipika Deka

The Shiba Inu community has found itself presented with a captivating proposition, none other than from Mihailo Bjelic, the co-founder of Polygon. Bjelic extended an invitation to SHIB developers, urging them to harness the potential of Polygon zkEVM for Shibarium. He emphasized the notion of enriching their blockchain ecosystem and encouraged other layer-1 networks and sidechains to integrate as Ethereum-based layer-2 networks.

Within the realm of Polygon zkEVM lie numerous remarkable attributes. The allure of this technology’s promises has led Bjelic to consider the adoption of Polygon zkEVM as an obvious choice for various chains. Bjelic’s message, conveyed through a tweet, highlights the instrumental role played by the Polygon team in supporting Shibarium through its technical challenges, exacerbated by overwhelming traffic.

Previously, Kaal Dhairya, a prominent SHIB developer, expressed gratitude to the MATIC team for their significant assistance, a gesture especially meaningful considering that Shibarium is a fork of Polygon. Responding to this gratitude, Sandeep Nailwal, one of Polygon’s co-founders, affirmed their unwavering commitment to support.

Introduced in June 2022, Polygon’s zkEVM marked a monumental stride in Ethereum scaling and Zero-Knowledge [ZK] innovation, offering amplified throughput and substantially reduced fees. The key feature of EVM equivalence underscores the versatility of Polygon zkEVM, enabling the deployment of any smart contract, development tool, or DApp.

This technology, beyond being an in-house endeavor, is also open-source, tailored for those seeking a swifter and more economical approach to using Ethereum without compromising on security or decentralization. It operates on a permissionless basis, embracing accessibility for all.

Shiba Inu Calls For Help

In the wake of SHIB’s transformative L-2 relaunch, Shytoshi Kusama, the lead developer of Shiba Inu, and his team, expressed profound appreciation to Polygon Labs. This gesture of gratitude was directed particularly towards Polygon’s prominent figures, including Sandeep Nailwal and Jaynti Kanani, as well as core protocol team member Krishna Upadhyaya.

This outpouring of gratitude is rooted in the assistance Polygon provided in overcoming the challenges that beset Shibarium shortly after its mainnet introduction due to an unexpected surge in user activity.

In a recent blog post, Shiba Inu’s project lead revealed his outreach to Sandeep Nailwal, who promptly extended support to address the situation. This sequence of events exemplifies Polygon’s commitment to collaboration and technical resolution.

Filed Under: Altcoin News Tagged With: Polygon zkEVM, Shiba Inu (SHIB), shibarium

Polygon zkEVM Developers Unite: Building A Strong Foundation For The Future

May 25, 2023 by Mishal Ali

Polygon Labs, a prominent player in the blockchain industry, took to Twitter to recognize the collaborative efforts of developers within the Polygon zkEVM ecosystem. The developers’ work is crucial in establishing a robust foundation for the entire ecosystem, showcasing their technical prowess and dedication to advancing the technology.

The collaborative efforts of developers within the Polygon #zkEVM ecosystem are fundamental for building a robust foundation for ALL. ⛓

A thread to shout out a few 🧠gigabrains🧠 and highlight their work 👇🏽

— Polygon (Labs) (@0xPolygonLabs) May 23, 2023

Two noteworthy developers, PhABC and 0xsequence, joined forces to coordinate developers working on a single Wrapped Ethereum (WETH) deployment. This collaborative effort aimed to ensure maximum compatibility across the network’s zkEVM ecosystem, facilitating seamless interactions and operations.

One notable improvement within the DevX (Developer Experience) realm was achieved by Matt Solomon, who deployed Multicall3. This innovative solution reduces the number of Remote Procedure Call (RPC) requests needed to read the state, enhancing efficiency and streamlining operations for developers.

Polygon zkEVM Support For xDeployer

Another developer, Twitter id name pcaversaccio, made significant contributions by introducing zkEVM support to xDeployer. This development allows for contract deployment at the same address on any Ethereum Virtual Machine (EVM) network, providing developers with more flexibility and simplifying the deployment process.

In addition to these remarkable advancements, new utilities were brought to the zkEVM ecosystem. Aivenides deployed Uniswap’s Permit2, expanding the functionality and capabilities available to developers. 

Similarly, ppmoon69 deployed OpenSea’s Seaport 1.5, enabling seamless integration of OpenSea’s renowned features within the network’s zkEVM ecosystem.

Renowned developer and ERC721A author Cygaar demonstrated the technology’s versatility by deploying a code sample that enables the movement of non-fungible tokens (NFTs) between the network Proof of Stake (PoS) and zkEVM networks. 

This achievement showcases the interoperability and compatibility of different blockchain protocols within the Polygon ecosystem.

megabyte0x, a developer associated with Developer_dao, played a pivotal role in connecting Sepolia, Mumbai, and Polygon zkEVM using Hyperlane_xyz. This integration expands the reach of zkEVM and fosters collaboration across different geographical locations.

Lastly, QuickswapDEX made a significant stride by bringing Safe{Wallet}, the most trusted platform for managing digital assets, to Polygon zkEVM. By integrating Safe{Wallet}, Polygon zkEVM gains a highly secure platform that ensures the safety of users’ digital assets, further solidifying its position as an advanced and reliable blockchain network.

Although we dragons are adventurous, it's also important to stay safe ✅

That's why #QuickSwap has deployed QuickSafe, our own interface on @safe, to secure funds on our #zkEVM chain 🔐⛓

Decentralized custody & asset management FTW 😎

👉 https://t.co/Ql6E1VC3TI pic.twitter.com/SOmPjBDm96

— QuickSwap 👨‍🌾 V3 Auto-Managed Farms (@QuickswapDEX) May 1, 2023

The collaborative efforts of these skilled developers exemplify the vibrant and innovative spirit within the Polygon zkEVM ecosystem. Their contributions pave the way for a stronger foundation, enhanced functionality, and broader adoption of blockchain technology. 

Nevertheless, as the ecosystem continues to evolve, Polygon Labs remains committed to fostering collaboration and recognizing the exceptional work of the developers propelling the industry forward.

Related Reading | Ripple’s XRP Sales To ODL Customers Challenge SEC’s Classification As Investment Contracts

Filed Under: News, Blockchain Tagged With: Cryptocurrency, Polygon (MATIC), Polygon zkEVM

Polygon Takes Flight: 20% Weekly Surge As zkEVM Mainnet Beta Launch Approaches

March 19, 2023 by Saeed Ul Hassan

As the cryptocurrency market continues to surge, Bitcoin has once again taken the lead, marking an 8-month high and surpassing major resistance at $28k. However, it’s not just Bitcoin that’s on the rise – Polygon (MATIC) is also showing promising growth with others.

In the last seven days, MATIC has seen a 21% increase, making it one of the top-performing cryptocurrencies. According to the data from CoinMarketcap, MATIC is currently trading at $1.24, with a 5% rise in the last 24 hours and a 10% growth in the trading volume in the same time period.

Source: CoinMarketcap

The MATIC price is currently encountering resistance in the vicinity of $1.25. A significant surge could be initiated if the price manages to break above the $1.30 resistance level. 

On the other hand, if the MATIC price is unable to surpass the $1.25 level, it could experience further downward movement. The $1.10 level represents initial support on the downside.

Polygon (MATIC) Price Driving Factor

The price of MATIC has been surging due to some major announcements from the network. The biggest news is that Polygon will be launching its zkEVM Mainnet Beta on March 27th, which is expected to bring Ethereum into new territories in the world of Web3.

📢 zkDay 2.0
🗓 MARCH 27

✨Launch of Polygon #zkEVM Mainnet Beta✨

The journey to the frontiers of Web3 that will take Ethereum further than ever before ⚡️

special guest ➡️@VitalikButerin ⬅️ 👏🏿

& we're joining forces w/ @ETHGlobal [more on that soon] pic.twitter.com/icYOTzLlzm

— Polygon Labs (@0xPolygon) March 16, 2023

To make the launch even more exciting, the network has announced that it will be joined by Ethereum co-founder Vitalik Buterin, as well as partnering with ETHGlobal. The launch is expected to be a significant step towards solving Ethereum’s scaling issues, which have been causing problems for the network for some time.

Polygon Labs has also made some major announcements. It has revealed that it will be teaming up with other Web3 leaders to change the internet forever with the upcoming launch of Polygon zkEVM.

Among the solution providers that will be joining the launch is Chainstack, the leading suite of services connecting developers with Web3 infrastructure.
Chainstack is to be the Web3 infrastructure Ecosystem Partner of Polygon zkEVM, and developers will soon have ample means of accessing it on the Chainstack platform.

Transak, a platform that enables direct fiat-crypto onboarding, also supports Polygon zkEVM. This move will enable users to seamlessly onboard onto the leading ZK scaling solution for Ethereum.

Luganodes is another launch partner for zkEVM Mainnet Beta. The company is excited to support Polygon zkEVM as it revolutionizes the industry with its groundbreaking technology.

Moreover, Ankr, a platform allowing developers to build web3 apps with a full suite of developer tools, has also announced that it will provide RPC connections to zkEVM shortly after launch.

All of these announcements have generated significant excitement among investors and developers, leading to a surge in the price of MATIC. With the launch of Polygon zkEVM Mainnet Beta just around the corner, the Ethereum community is eagerly anticipating the next step in the evolution of Web3.

Related Reading | Microsoft’s Edge Browser Dives Into Crypto: Is This the Future Of Browsing?

Filed Under: News, Altcoin News Tagged With: Ethereum (ETH), Polygon (MATIC), Polygon zkEVM, Price Analysis

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