Polygon (MATIC), a Blockchain scalability platform for connecting and building compatible Blockchain networks with the leading altcoin Ethereum, unveils the date of its most important 2022 update, ZK-EVM.
Will the update on the altcoin project be a cure-all for exorbitant fees?
According to the announcement shared by Polygon’s (MATIC) head of strategy, Sanket Shah, a major update is on the way for the altcoin project.
Polygon Hermez is developing zkEVM and plans to launch mainnet in the second quarter of 2022.
Polygon Hermez, mainnet release in Q2 2022 plans to be presented. The first mainnet version will not be EVM compliant, only suitable for value transfer. One hundred percent EVM compatibility will be added to Polygon Hermez in v2. ConsenSys investor and Polygon growth advisor John Lilic highlights the importance of the upcoming release for Ethereum’s scaling ecosystem:
The race to take Ethereum to the next level.
Polygon Hermez is an open-source ZK-Rollup and advanced scalability tool for Ethereum and Ethereum-like networks, acquired by Polygon in 2021. As we previously reported on Kriptokoin.com , for the first time in its history, the Polygon (MATIC) network began to complain of a rapid transaction fee increase. The Polygon credollar series has skyrocketed due to the increased activity of Sunflower Farmers, a play-to-earn ecosystem based on Polygon. According to experts, with the launch of Hermez on the mainnet, Polygon’s fee mechanisms will use resources more efficiently.