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The long-awaited scaling upgrade from Ethereum layer-2 solution provider Polygon (MATIC) has been announced, with the Beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet slated for Mar. 27.In a Feb. 14 blog post, Polygon said after three and a half months of "battle testing," the system will be
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“Polygon zkEVM Mainnet is set to be the first fully EVM equivalent ZK rollup to reach mainnet, this represents a huge step towards scaling Ethereum and bringing Web3 to the masses,” Sandeep Nailwal, a co-founder of Polygon, said in an email to CryptoX. “The countdown is on.” Source
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Amid the ubiquitous rally in the crypto market, multiple crypto assets including MATIC have climbed higher highs, thriving to reach their peak and beyond. While the catalyst behind the rally might be unclear, Polygon’s (MATIC) bullish trend could be a part of its upcoming zkEVM Network update. As the launch
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Place/Date: Kyiv, Ukraine - January 18th, 2023 at 4:45 pm UTC · 3 min read Contact: Anton Demenko, CMO, Source: PrimexLabs OÜ Cross-chain prime brokerage protocol Primex Finance rolls out a major update to its application. Launching in two stages, Beta 0.3.0 introduces a variety of new features,
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Very few projects have come close to matching the security and decentralization of the Ethereum network. However, the inherent overhead of maintaining these two critical features has left Ethereum burdened by low throughput and prohibitively high costs. As a result, alternative layer-1 blockchains (L1s) — which normally sacrifice security and
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The newly-announced ConsenSys zkEVM project has already received over 150,000 signups so far and will admit external users next year.ConsenSys has launched its zero-knowledge Ethereum Virtual Machine (zkEVM) private beta testnet to scale Ethereum (ETH). The New York-based blockchain software tech company heralded this initiative yesterday via a blog post. ConsenSys says
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Polygon, an Ethereum layer-2 solution, has recently seen massive hype due to notable partnerships with major brands such as Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, among others. And the team led by Sandeep Nailwal, co-founder of Polygon, continues to work hard to keep that hype going. Via Twitter, Nailwal
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"Lots of teams are making steady progress, but we're not ready for prime time by any means," he continued. "One team is claiming that there are 12 'days remaining to the first product-ready layer 2 EVM compatible zkRollup'. If you read the fine print though, their testnet still doesn't have
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The company continues to be targeting the mainnet going live sometime in early 2023. Source
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zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to outpace Visa in terms of transaction throughput, said Polygon co-founder Mihailo Bjelic in a recent interview with Cryptox. Polygon recently claimed to be the first to implement a zkEVM scaling solution, which aims at reducing Ethereum’s
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