David Schwartz, the lead developer at Ethereum’s layer-2 solution polygon, recently tweeted that development on the network’s zero-knowledge EVM (zkEVM) was progressing at a tremendous pace. Polygon zkEVM is a comprehensive EVM-equivalent Layer 2 zero knowledge-rollup Ethereum scaling solution.
We are very excited about the progress of EVM-equivalence in @0xPolygon #zkEVM!— David Schwartz (@davidsrz) December 7, 2022
Currently, we are passing 99.5% of Ethereum test vectors that apply to our type-3 implementation (9.650+ tests passed):https://t.co/ivesbAEqWl
The zkEVM actively manages zk rollups. In order to speed up the process of sending several transactions to the Ethereum mainnet, this smart contract technology groups them together into a single transaction, thereby greatly improving throughput and performance.
“Currently, we are passing 99.5% of Ethereum test vectors that apply to our type-3 implementation (9,650+ tests passed),” Herzmez wrote. Adding that users on the system have deployed more than 3000 smart contracts seamlessly.
Schwartz elaborated, “Their dApps work seamlessly, with over 20K transactions,” and that the zkProver test network has delivered over 12,000 full proofs of validity for these random user transactions.
Zero-knowledge cryptography serves as both a data-minimization strategy and a privacy-enhancing tool in this scenario. Using a zero-knowledge proof, complete confidentiality may be preserved without disclosing any of the information that would typically be used to do so.
The Polygon zkEVM remarkably retains complete Ethereum compatibility. Until now, zk rollups with complete Ethereum compatibility were regarded as very complex to program. In this regard, the creation of Polygon represents a significant milestone.
Partnership Spree Continues
In the meantime, the project has revealed a strategic partnership with a major Indian retailer, Flipkart. Together, the companies will establish a center of excellence (CoE) in India dedicated to exploring and developing applications for the metaverse and web3 in e-commerce.
“Polygon’s mission is to bring the next billion users to web3, and this partnership will pioneer research and development at the intersection of web3 and experiential retail, which will advance adoption and impact in India and across the world,” said Sandeep Nailwal, Polygon co-founder.
Further, Polygon also partnered with Warner Music and the LGND Web 3 music platform on Tuesday, December 6, to introduce a new digital collectibles platform. The new partnership will allow Polygon to bring Music NFTs to market in a way that is transparent, sustainable, and permissionless.