Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing – Technology Bitcoin News

Canada News News

Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing – Technology Bitcoin News
Canada Latest News,Canada Headlines
  • 📰 BTCTN
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Polygon developers are encouraging people to join the zkEVM testnet, report bugs, and explore the code hosted on Github.

The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain. Polygon considers the testnet “the first open-source zkEVM network,” and developers are encouraging people to join the testnet, report bugs, and explore the code hosted on Github.

In addition to inviting users to test the project, the decentralized finance platforms Uniswap and Aave will be joining in on the zkEVM testing network, alongside the gaming studio Midnight Society and the social media platform Lens. “Using zero-knowledge tech to scale the Ethereum Virtual Machine is a big challenge,” Polygonon Monday. “We want to keep what we love about Ethereum while harnessing the power of ZK proofs.

The zkEVM testnet comes at a time when there’s a myriad of L2 projects advancing toward scaling Ethereum and a number of them leverage ZK technology. L2 projects like Loopring, Zksync, Arbitrum, Boba, Aztec, Immutable X, and Optimism aim to provide better scalability, faster transactions, and reduced fees. Alongside ZK technology, some L2 projects use optimistic rollups, while others leverage validium. The difference between the other L2s and zkEVM is the project’s EVM compatibility equivalence.

“EVM-equivalence is a spectrum, and the testnet version of Polygon zkEVM is not yet everything we want it to become,” the team’snotes. “Vitalik’s framework currently puts our zkEVM in the ‘Type 3’ category of protocols, which are ‘almost EVM-equivalent, but make a few sacrifices to exact equivalence to further improve prover times and make the EVM easier to develop.’ Our goal is to become a Type 2, meaning Polygon zkEVM will eventually ‘look exactly like Ethereum ‘from within.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BTCTN /  🏆 531. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Polygon launches testnet for Layer 2 network HermezPolygon launches testnet for Layer 2 network HermezPolygon is launching a public testnet for Ethereum scaling solution Hermez, as the race for a dominant Ethereum Layer 2 solution gets underway.
Read more »

Bitcoin companies join in push to promote Stratum V2 adoption, launch open-source test versionBitcoin companies join in push to promote Stratum V2 adoption, launch open-source test versionBitcoin mining companies Spiral and Braiins launched an industry working group to promote an upgrade to the current Stratum V1 protocol for miners.
Read more »

Decentralized exchange Uniswap v3 gets 'Warp'ed' onto StarkNetDecentralized exchange Uniswap v3 gets 'Warp'ed' onto StarkNetAn Ethereum development firm has successfully 'transpiled' the decentralized exchange Uniswap v3 into Cairo, allowing a version of the platform to run on Ethereum layer-2 network StarkNet.
Read more »

Makers of zkSync to launch Layer 3 testnet ‘Pathfinder’ in Q1 2023Makers of zkSync to launch Layer 3 testnet ‘Pathfinder’ in Q1 2023Matter Labs, the company behind zkSync, will launch a public testnet for an Ethereum scaling prototype called ‘Pathfinder’ in Q1 2023.
Read more »

Crypto Investment Firm Blockwater Technologies Defaults on DeFi LoanCrypto Investment Firm Blockwater Technologies Defaults on DeFi LoanSouth Korea-based blockchain investment firm Blockwater Technologies is the latest crypto firm to run into liquidity problems after it missed a payment on a $3.4 million loan in BUSD on lending protocol TrueFiDAO. sndr_krisztian reports.
Read more »

EU Commission Launches Proposal for Study of Automated DeFi SupervisionEU Commission Launches Proposal for Study of Automated DeFi SupervisionThe EU_Commission wants to study 'embedded supervision' of DeFi protocols on the ethereum blockchain as it makes greater regulatory pushes across the bloc. LizKNapolitano reports
Read more »



Render Time: 2025-03-04 10:22:59