Polygon’s zkEVM Beta Network Set to Debut, Will MATIC Surpass $1.50 in February?

• Ethereum’s scaling solution, Polygon has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) will go live on March 27.
• As the blockchain industry continues to grow and evolve, Polygon is well-positioned to remain a key player in the space.

Polygon to Launch Beta Version of zkEVM Mainnet

Polygon, a popular blockchain network, has announced that it will launch the beta version of its zkEVM mainnet on March 27. The zkEVM is a zero-knowledge Ethereum Virtual Machine that is designed to improve blockchain and cryptography.

Zero-knowledge rollups, such as the zkEVM, process transactions on another, faster blockchain (known as layer 2), then port the transaction data back to the parent blockchain, in this case, Ethereum at a fraction of the price. This means that users can benefit from the speed and cheapness of the roll-up while also benefiting from the security of the parent blockchain.

The mainnet beta launch will enable developers to test, build and deploy decentralized applications on the network. Furthermore, the network supports several programming languages, making it easier for developers to create their projects.

Polygon has become increasingly popular in the blockchain community due to its fast and low-cost transactions, as well as its compatibility with Ethereum. The network has attracted a number of high-profile projects, including Aave, Sushiswap, and Curve, and has become a popular destination for DeFi (decentralized finance) applications.

With the launch of the zkEVM mainnet beta, Polygon is poised to become an even more attractive option for developers looking to build decentralized applications, particularly in the DeFi space.

The launch of the mainnet beta is just the latest in a series of milestones for Polygon, which has seen rapid growth in recent months. The overall bullish sentiment returning to the crypto market has contributed to MATIC’s impressive performance over the past month.

As things currently stand, the price of Polygon (MATIC) is trading at $1.24 which represents an increase of 4.96% over the past 24 hours, in contrast to a decrease of 3.18% over the last seven days, according to CoinMarketCap portfolio tracker. As the blockchain industry continues to grow and evolve, Polygon is well-positioned to remain a key player in the space.

Here are some of the key benefits of the zkEVM:

• Increased scalability: The zkEVM can process transactions much faster than the Ethereum mainnet, which can help to reduce congestion and improve user experience.
• Reduced costs: The zkEVM can also reduce the cost of transactions, making it more affordable for users to interact with decentralized applications.
• Improved security: The zkEVM uses zero-knowledge proofs to verify transactions, which can help to improve the security of the network.

The launch of the zkEVM mainnet is a significant milestone for Polygon and could help to further boost the adoption of the network.