- Aave will be among the first projects to launch on the zkEVM testnet.
- The zkEVM is fully compatible with the EVM, so developers may switch over.
Recently, Polygon, a decentralized Ethereum scaling platform, launched Polygon zkEVM Public Testnet. It is a “Ethereum-equivalent” ecosystem that is compatible with smart contracts, developer tools, and wallets already developed for Ethereum and Polygon PoS.
Zero-knowledge Layer-2 build on top of Ethereum. zkEVM (Ethereum Virtual Machine) promises to increase scalability. By combining the processing of several transfers into a single transaction. The testnet was released as a complete, open-source implementation of zkEVM by Polygon’s zero-knowledge R&D team.
Open-sourced Verification Method- zk-Prover
Aave, a decentralized financial (DeFi) system, will be among the first projects to launch on the zkEVM testnet. With the Web3 social network Lens and the game studio Midnight Society. Polygon is leading the charge in zk adoption. And it encourages Web3 developers to work together by sharing contracts and reporting defects.
Co-creator of Polygon Mihailo Bjelic stated:
“We invite the whole community to try out the testnet, help us test its limits, break things and identify bugs, so we can all together deliver the first zkEVM to the world!”
The zkEVM is fully compatible with the EVM, so developers may switch over to it without learning any new languages or having to rewrite their code. It also has a fully open-sourced verification method called zk-Prover.
Polygon zkEVM, it is noted in the release, allows companies to save money by using Ethereum to create decentralized apps quickly and at a minimal cost. On September 27 of this month, Space and Time secured $20 million in strategic fundraising from investors including the M12 fund (Microsoft’s venture capital arm), Avalanche, and Polygon.
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