Polygon (previously Matic Network) is the first easy-to-use scaling and infrastructure development platform for Ethereum. Its core component is Polygon SDK, a modular, flexible framework that supports building numerous types of applications.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (Internet of Blockchains). This multi-chain system is akin to others such as Polkadot, Cosmos, Avalanche, etc., with the advantages of Ethereum's security, vibrant ecosystem and openness.
Polygon recently
announced the launch of Polygon zkEVM, which the company described as the "first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, harnessing advanced cryptography called Zero-Knowledge proofs."
Polygon zkEVM's key promises include:
- a significant reduction of current layer-1 Ethereum network costs (about 90%, by the team's estimate)
- a dramatic increase in throughput capability, all while inheriting the security of the Ethereum blockchain.
According to the team, zkEVM is expected to be deployed on the public testnet later this summer, with the mainnet launch slated for early 2023.