The Polygon Labs engineering team has published a proposal to upgrade the Polygon Proof-of-Stake (PoS) sidechain to ‘zkEVM Validium,’ an Ethereum-secured Layer 2 network. This is a first-of-its-kind decentralized L2 secured by zero-knowledge (ZK) proofs, aimed at aligning Polygon PoS with the vision of Polygon 2.0. The proposed upgrade, targeted to roll out on the mainnet by Q1 2024, could ensure future scalability and security advancements within the Polygon ecosystem.
Introduced a week ago, Polygon 2.0 seeks unlimited scalability and unified liquidity. The upgrade could mark a significant milestone for the protocol, potentially increasing security and performance while maintaining low fees and scalability. Utilizing Polygon’s in-house zkEVM, Polygon 2.0 plans to enhance the sidechain’s security and performance. If approved by the community, millions of users, apps, and $2 billion worth of assets could migrate seamlessly to this cutting-edge technology.
This is not the same zkEVM launched a few months ago by Polygon Labs on the mainnet. However, both the upgraded Polygon PoS and the existing zkEVM are expected to coexist successfully within the same ecosystem. The chain will continue to be operated by existing MATIC-staking validators.
Although Polygon PoS boasts a strong ecosystem and widespread acceptance, it currently lacks security provided by ZK proofs. Instead, its validators secure the network. Therefore, an upgrade is essential to unify Polygon PoS with other ecosystems and ensure interoperability with different chains in the broader cryptocurrency ecosystem.
The proposed upgrade aligns perfectly with the Polygon 2.0 vision, without requiring any modifications for users and developers. This new protocol could significantly enhance scalability and security in the Polygon ecosystem while providing a smooth transition for users and developers. However, it is essential to note that the content presented may include personal opinions subject to market conditions. It is vital to conduct thorough market research before investing in cryptocurrencies, as the author or publication holds no responsibility for personal financial loss.
Source: Coingape
