Polygon Bridge for its Zero-Knowledge Rollup is announced by Polygon.

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By Degen Lipsa

The Polygon scaling solution tries to resolve the blockchain trilemma, which is vital for the Web3 industry and involves decentralisation, scalability, and security.

The availability of PolygonBridge for Polygon zkEVM was announced by Polygon. The update occurs one month after the zero-knowledge rollup on Mainnet Beta went live.

Co-founder of Ethereum Vitalik Buterin made the mainnet beta of Polygon zkEVM’s first symbolic transaction. The Polygon zkEVM Mainnet Beta is intended to be an all-purpose scaling protocol for Ethereum that gives developers the ability to build on it with functionality that is similar to Ethereum without changing languages or tooling.

Polygon zkEVM

A more visible progress bar, transaction history, a recent transaction panel with color-coded completion status, time estimates for pending transactions, and the ability to filter are just a few of the enhancements that Polygon Bridge for zkEVM will offer in response to community feedback.

Zero-knowledge technology powers PolygonBridge for zkEVM, which means that it is totally regulated by smart contracts, one on Ethereum and one on Polygon zkEVM. Additionally, users will have 30 to 60 minutes to withdraw money from the Ethereum mainnet. ERC-20 coins and the enhanced functionalities of ERC-777 tokens will also be supported.

With the introduction of Polygon zkEVM, mapping—a procedure that can take hours or even days—is no longer necessary. As a result, once a user initiates the bridging transaction, the token being spanned will automatically be mapped. This is being hailed as a “major UX improvement” in comparison to other chains that demand token mapping before bridge creation.

Ethereum Scaling Turning Point

Polygon’s zkEVM has received $5.4 million in TVL since its inception last month. Uniswap gave PolygonLabs permission to use the DEX protocol with zkEVM earlier this month, which gave the zero-knowledge rollup another boost. The request received no pushback.

Deposits of polygon zkEVM have also significantly risen. Both Quickswap, the top DEX on the Polygon PoS Chain, and Sushi, a long-time rival of Uniswap, are operational on the network.

Zooming out, it has experienced notable expansion this year in terms of the number of developers and the recruitment of several large institutions. Despite this, PolygonLabs, the firm responsible for creating the layer 2 blockchain, said in February of this year that it would be reducing its personnel by 20%.

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