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Long-awaited Polygon zkEVM Mainnet is Live

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Vitalik Buterin sent the very first transaction on the Polygon zkEVM mainnet adding a few tweaks of his own.

Launch party

Polygon its new zkEVM mainnet, and Ethereum creator Vitalik Buterin was invited to send the first transaction. During a live-streamed event, Buterin included a message in hex code that said, “A few million constraints for man, unconstrained scalability for mankind.” He also set the Ethereum network’s transaction gas limit to 69,042, referencing popular meme numbers 69 and 420. With this he set the tone of the launch party causing Polygon Labs Head of Growth Sanket Shahcalling him a “man of culture.”

About the network

Polygon zkEVM is a network that offers fast and cost-effective transactions, outperforming Ethereum’s mainnet. Blockchain developer and Cardano founder Charles Hoskinson congratulated the Polygon team for their innovation. zkEVM combines zero-knowledge rollups with compatibility with the Ethereum Virtual Machine, making it a native complement to Ethereum. Smart contracts can be easily moved to the zkEVM network.

Open source and scalable

The launch of the zkEVM mainnet beta followed six months after its public testnet. Polygon aims to scale Ethereum using zero-knowledge (ZK) rollups. These use the power of existing smart contracts to reduce transaction costs while using Ethereum’s network security.
The Polygon team is also open-sourcing the code, allowing developers to collaborate and innovate within the community.

A lot to do in the future

Buterin successfully made the first transaction on the mainnet, and over 50 web3 enterprises have shown interest in joining zkEVM. However, users bridging Ethereum may experience delays of 30 to 60 minutes in the first phase. There could also be vulnerabilities that affect large deposits during this period. Polygon’s president, Ryan Wyatt, acknowledges that they will have a lot more to do with ZK expansion in the future.

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