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CoinDesk
Polygon Readies ZK Rollup Testnet, Eyes Mainnet Launch in 2023
At the Ethereum Community Conference (EthCC) in Paris on Tuesday, Ethereum scaling tool Polygon announced Polygon zkEVM, which the company described as a “major leap forward” in the world of zero-knowledge (ZK) technology. In a press release, Polygon said zkEVM would be the “first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools and wallets, harnessing advanced cryptography called zero-knowledge proofs.” Ethereum’s transaction capacity (around 15 transactions per second) is lower than rival blockchains like Solana and Tezos, and its high gas fees have rendered it prohibitively expensive for a variety of use cases (think $40 currency exchange fees).
