Introduction
Immutable X, a layer-2 scaling solution for Ethereum, has announced the launch of the testnet phase of its Zero-Knowledge Execution Environment, ZKVM, on the Polygon (previously Matic) network.
The ZKVM is an upgraded version of Ethereum Virtual Machine (EVM), which is designed to provide users with a faster and more secure experience by utilizing Zero-Knowledge Proofs (ZKPs) to enable off-chain computations while maintaining the same level of security as on-chain computations.
What is ZKVM?
ZKVM is a decentralized, scalable, and secure execution environment that allows developers to build applications that require private computation. It is built on top of the Ethereum network and uses ZKPs to enable off-chain computation and maintain privacy. The ZKVM is designed to support the development of privacy-preserving applications without compromising on security or scalability.
Why is Immutable X Launching ZKVM on Polygon?
Immutable X has chosen to launch its ZKVM on the Polygon network due to its speed and cost-effectiveness. Polygon is a layer-2 scaling solution that offers fast and cheap transactions, making it an ideal platform for the ZKVM. Additionally, Polygon’s EVM compatibility allows developers to easily port their Ethereum-based applications to the Polygon network.
Benefits of ZKVM on Polygon
The launch of ZKVM on the Polygon network provides several benefits, including faster transaction times, lower gas fees, and improved scalability. ZKVM enables developers to build privacy-preserving applications that are not possible on the Ethereum network due to its limitations in terms of speed and scalability.
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Conclusion
The launch of the ZKVM on the Polygon network is a significant milestone for Immutable X and the broader Ethereum ecosystem. It is expected to enable the development of a new wave of privacy-preserving applications that were previously not possible on the Ethereum network. The combination of Polygon’s speed and cost-effectiveness with ZKVM’s privacy-preserving capabilities is expected to drive significant adoption of the technology in the coming months.
