Polygon Bridge for zkEVM Opens Doors for Ethereum Withdrawals- Report

• On Wednesday, Polygon announced that the Polygon PoS Bridge for Polygon zkEVM, whose beta version was released on March 28, is now accessible.
• The Polygon Bridge for Polygon zkEVM will provide the same user interface as the Polygon PoS main network

Polygon zkEVM Bridge Now Available

Polygon has announced the release of the Polygon PoS Bridge for Polygon zkEVM, which was first released in beta on March 28. The Polygon zkEVM network provides scalability solutions for decentralized applications (dApps) running on the Ethereum (ETH) blockchain network.

The Polygon Bridge for Polygon zkEVM will provide the same user interface as the Polygon PoS main network, but with a number of UX enhancements that incorporate community feedback.

Bridges are a popular concept in the crypto space, as they allow users to transfer assets between different blockchain platforms. Bridges that use zk-technology are superior to traditional bridges because they are fully managed by smart contracts, one on the Polygon zkEVM and the other on Ethereum.

The Polygon zkEVM was released as a mainnet beta last month, and is open-source, permissionless, and public. This means that anyone can build on top of it and trade their assets. Some teams have already begun building on top of the Polygon zkEVM, including high-profile dApps like Balancer and Lens, as well as other gaming projects.

In other news, Polygon Labs, which develops software and provides network support for the Polygon platform, has signed a broad collaboration agreement with Google Cloud. This new project is part of a multi-year strategic collaboration that will benefit Polygon and its rapidly expanding ecosystem.

As part of the agreement, Google Cloud will expand its infrastructure to support Polygon’s newly released zkEVM, a much-needed scalability solution for dApps that use ZK-rollups to perform off-chain computations. Google Cloud will also help creators establish app-based blockchains developed with Polygon technology on its servers by the end of the third quarter.

At press time, the price of MATIC is trading at $0.9904, which represents a drop of 0.35% over the past 1 hour following a drop of 0.50% recorded over the last 24 hours.

Key Takeaways

• Polygon has released the Polygon PoS Bridge for Polygon zkEVM.
• The Polygon zkEVM is a scalable solution for dApps running on Ethereum.
• Google Cloud has partnered with Polygon Labs to support the Polygon zkEVM.
• The price of MATIC has dropped slightly in recent hours.

Overall, the release of the Polygon PoS Bridge for Polygon zkEVM is a positive development for the Polygon ecosystem. The zkEVM is a promising scalability solution for dApps running on Ethereum, and the partnership with Google Cloud will help to expand the reach of the Polygon platform