$MATIC $The Polygon community recently discussed an important proposal to upgrade its Polygon PoS chain to a zkEVM validium compatible with zero-knowledge (ZK) technology. This upgrade will make Polygon PoS the first decentralized ZK Layer 2 while maintaining low fees and high scalability. The move is intended to improve security and make the blockchain's framework more future-proof.

Specifically, upgrading to the zkEVM validium will bring several major benefits:

Higher security: By leveraging Ethereum's high security, Polygon PoS will be able to provide stronger economic security and more validators.

Future-proof technology stack: Polygon's zkEVM technology is one of the most advanced in the industry and is still being improved.

Eliminate reorganizations: By adopting a deterministic consensus mechanism, chain reorganizations can be completely eliminated.

Faster transaction confirmations: Transaction confirmation time will be reduced from 256 seconds to 2 seconds.

Improved scalability: ZK proofs will enable Polygon PoS to quickly verify a large number of transactions.

Improved fee estimation: The new consensus mechanism and increased scalability will make gas fee estimation more reliable.

Greater Decentralization: ZK proofs will enable greater decentralization of full nodes and validators.

If the proposal is passed, it is expected to be launched on the mainnet by the end of Q1 2024. This will mark a seamless migration of Polygon PoS and its $2 billion in assets, millions of users, and thousands of applications to this cutting-edge technology. The chain will continue to be run by existing $MATIC-staked validators, who will become validators running the first decentralized sequencer and data availability network.

This upgrade could be critical for Polygon PoS as it will address multiple current challenges and increase its long-term relevance and reliability in the Web3 ecosystem. #MATIC✅.