Polygon is preparing for a significant network upgrade called zkEVM Validium.
Polygon Labs is gearing up to introduce a new upgrade to the community for its PoS-based sidechain. This upgrade will differ from the previously announced zkEVM and will be compatible with Polygon 2.0.
Polygon (MATIC) is known for its Ethereum scalability solutions. Polygon has made significant advancements with the launch of testnets for zkEVM and the announcement of Polygon 2.0. Most recently, Mihailo Bjelic, one of Polygon's founders, proposed upgrading the existing PoS network to the "zkEVM Validium" version.
If the Validium upgrade receives community support, it will utilize zero-knowledge proofs (zk-proofs) to enhance the network's security. This means that actual transaction data will be stored on a separate blockchain, while the Layer 1 network will function as a "validium" containing only verification proofs. This feature implies that Polygon PoS will have lower transaction fees compared to Polygon zkEVM. Bjelic emphasizes that the network upgrade will differentiate itself by offering high scalability:
"The upgraded Polygon PoS (zkEVM Validium) will store transaction data natively instead of on Ethereum, providing very high scalability and very low fees. This feature will be highly suitable for applications with high transaction volume and low fee requirements, such as Web3, gaming, and social media platforms..."
Please note that the above information is based on the current available knowledge up until September 2021, and there may have been further developments or updates regarding Polygon and its network upgrades since then.
#Bykaranteli #BinanceTournament #googleai #crypto2023 #Polygon