During a Bankless podcast with Mihailo Bjelic and Jordi Baylina, Polygon’s [MATIC] co-founder and technical lead discussed the recently launched Polygon zkEVM.
Polygon launches zkEVM, marking a major milestone
Polygon’s technical lead, Jordi Baylina, called the launch of zkEVM a significant achievement. He stated that they were interested in developing something that was compatible with Ethereum [ETH], but also allowed for a lot of scalabilities. On 28 March, Polygon announced the final mainnet of the zkEVM, which has been in development for two years.
According to Co-founder Mihailo Bjelic, the zkEVM mainnet is the “holy grail of scaling”. The latest product offers scalability and security among its top features. Its compatibility with EVM is its most important Ethereum-centric feature. According to Bjelic, the Polygon zkEVM helped the Ethereum ecosystem as a whole, including MetaMask and Solidity.
It’s an extension of Ethereum, not a new concept, Baylina continued.
In response to a question about what the most recent development implies for Polygon’s proof-of-stake network, Mihailo Bjelic said that the main reason any program or constructor would prefer zkEVM over the PoS chain is because the former is simply more sophisticated and safe. Another appealing aspect of the zkEVM was the potential to pay cheaper fees without sacrificing security.
The zkEVM mainnet launch by Polygon had a substantial effect on its native token, MATIC, which increased by more than 7% over the previous day as of the time of writing. Since the debut of zkEVM, the token increased from $1.05 to $1.14.