04/29/2024
BTC62,588.0
ETH3,186.92
USDT1.0
BNB595.73
SOL135.68
USDC1.001
XRP0.504165
DOGE0.144674
BUSD0.998085
Last news
Polygon Expands Scalability with zkEVM Mainnet and Teases Community Airdrop
07/06/2023

Polygon Expands Scalability with zkEVM Mainnet and Teases Community Airdrop

07/06/2023
4,7

Polygon zkEVM has recently launched its mainnet. This development has sparked speculation among the Polygon community, as co-founder Sandeep Nailwal hinted on Twitter about a potential airdrop for users.

The anticipated airdrop is expected to reward early supporters of the zkEVM infrastructure during its initial launch phase. Nailwal previously teased the possibility of distributing a portion of the MATIC tokens held in the Polygon Treasury. While it remains uncertain whether the airdrop will consist solely of MATIC or introduce a new token, early adopters can look forward to benefiting from this initiative.

To participate in this potential airdrop, users are encouraged to engage with the Polygon zkEVM network and explore its features. Here's a step-by-step guide to get started:

  1. Visit the Polygon zkEVM homepage and click on "Add zkEVM network" to integrate Polygon zkEVM with your wallet. 
  2. Ensure you have some ETH in your wallet to cover the transaction fees.
  3. Utilize the bridge to transfer ETH from the Ethereum network to Polygon zkEVM. 
  4. For those with funds on the Ethereum network, you can conveniently bridge ETH from Ethereum to Polygon zkEVM using the Native Bridge. Alternatively, if you hold funds on Arbitrum or encounter high gas fees, Polygon recommends using third-party bridges like Orbiter Finance to facilitate the transfer.
  5. Explore the diverse range of decentralized applications (dApps) available on the Polygon zkEVM network. This not only enhances your experience but also increases your chances of being eligible for the potential airdrop.

Polygon zkEVM serves as a decentralized Layer 2 scalability solution for Ethereum, leveraging cryptographic zero-knowledge proofs, specifically ZK-Rollup, to deliver efficiency and speedy finality to off-chain transaction computation. In simpler terms, transactions are grouped and sent to Ethereum in batches for approval on the main chain. By conducting transactions off-chain while still utilizing Ethereum's infrastructure, zkEVM achieves high transaction throughput.

The validity proof, provided by Ethereum, ensures the authenticity of transactions following deployment of the zk roll up with cryptographic proof. Notably, Polygon's zkEVM possesses Ethereum equivalence, allowing the execution of its bytecode on both layer 1 and layer 2.

Developers and users on Polygon zkEVM can seamlessly utilize the same code, tools, and dApps they are accustomed to on Ethereum, but with significantly improved scalability and lower fees. 

Polygon has garnered substantial support from prominent venture capitalists such as Sequoia Capital, Animoca Brands, and DragonFly Capital, who have collectively invested $451 million.


Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.


How useful is this article for you?
Thank you for your review!

Last news