Polygon Cofounder Proposes Upgrading PoS Chain to zkEVM Validium
Ethereum Layer 2 scaling solution Polygon is furious by a essential upgrade to its main Proof-of-Stake blockchain.
Mihailo Bjelic, one among the network’s co-founders, shared a Polygon Enchancment Proposal in a governance forum on Tuesday. Bjelic invited the neighborhood to focus on about the proposal, which requires transferring the chain’s unique architecture to zkEVM validium.
2/ The upgrade would divulge the caliber of Polygon's ZK skills and introduce main benefits to customers and devs.
If the proposal passes, Polygon PoS and its $2B in property, millions of customers, and thousands of apps would seamlessly migrate to this bleeding-edge skills.
— Polygon | Aggregated (@0xPolygon) June 20, 2023
The fresh version would compose primarily the most of zero-data (zk) skills to elongate network security, give a enhance to decentralization, eradicate chain reorgs, and lengthen scalability. Polygon has already launched a zk-Ethereum Virtual Machine (EVM) like minded rollup network, however the proposed upgrade would enlighten zk-skills to the main PoS chain.
Learn extra: zkEVM: The Computing Overhaul to Encourage Scale Ethereum
Unlike the zkEVM solution launched in March, the mainchain upgrade are no longer a “rollup” which bundles transaction data and executes transfers off-chain, earlier than sending data assist to the main network.
The “validium” solution will in its place store the transaction data off-chain, and block producers are completely required to publish block headers to Ethereum. A block header contains data about the block itself and usually entails a timestamp and a hash representation of block data.
The fact that validiums have this form of little on-chain footprint affords them two main advantages over rollups – decrease transaction costs and elevated scalability.
In step with Bjelic, the Polygon crew has deemed the upgrade to be reasonably straightforward, requiring comparatively straightforward upgrades to the Polygon PoS bridge and client implementations. If the upgrade is accredited by the protocol governance direction of, it could perchance perchance seemingly be activated on the mainnet between February and March next 365 days.
“This will be a essential: an existing chain upgrading to a ZK L2, and it will imply that Polygon PoS can mix with the Polygon 2.0 ecosystem, which affords unlimited scalability and unified liquidity, powered by ZK tech,” commented Brenden Farmer, co-founder of Polygon Zero.
Source credit : unchainedcrypto.com