Polygon Announces Polygon Bridge for its Zero-Knowledge Rollup

Polygon, the popular Ethereum scaling solution, has announced the launch of Polygon Bridge for its Zero-Knowledge Rollup (ZKR) solution. The new bridge will allow users to easily transfer tokens back and forth between the ZKR solution and other Polygon networks, as well as other Ethereum-based networks. This move is expected to provide significant benefits to users, such as reduced transaction fees, faster transaction speeds, and increased scalability. With the launch of Polygon Bridge, Polygon aims to further enhance the functionality and efficiency of its blockchain network, making it more accessible to users and developers alike.

Polygon Bridge for zkEVM Now Available, Ethereum Co-Founder Vitalik Buterin Performs First Transaction

Polygon has recently announced that Polygon Bridge is now available for Polygon zkEVM. This update comes only a month after the launch of the zero-knowledge rollup on Mainnet Beta. Vitalik Buterin, co-founder of Ethereum, performed the first transaction on Polygon zkEVM Mainnet Beta, which is designed to be a versatile Ethereum scaling protocol that allows developers to build on it with usage similar to Ethereum without modifying languages or tooling.

Polygon Bridge for zkEVM will include numerous improvements based on feedback received from the community, such as a more visible progress bar, transaction history, and recent transaction panel with color-coded completion status, time estimates for pending transactions, and the ability to filter. The technology behind Polygon’s zkEVM is governed entirely by smart contracts, one on Ethereum and the other on Polygon zkEVM, powered by zero-knowledge technology.

Polygon’s launch of the zkEVM eliminates the mapping requirement, making it an ideal platform for users looking for optimal user experience. Bridged tokens will automatically be mapped after users trigger the bridging transaction, a UX improvement compared to other platforms that require users to map tokens before bridging.

Polygon’s zkEVM has gained traction since its launch last month, drawing in $5.4 million in TVL. Uniswap’s recent proposal to authorize Polygon Labs to deploy the DEX protocol to zkEVM on Polygon’s zero-knowledge rollup platform further boosted its popularity. Quickswap and Sushi, two major DEXs, are already live on the network.

Despite Polygon’s significant growth in terms of developer count and attracting major institutions, Polygon Labs, the company behind the development of the layer 2 blockchain, announced a 20% workforce cut in February this year. Polygon is working hard to cement its position as a key player in the Ethereum scaling space.

In conclusion, Polygon Bridge for zkEVM is an essential update that offers great features and benefits to users. Polygon is a platform that is worth keeping an eye on as it continues to innovate and introduce more features to the market.

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