<\/p>\n
Engineers at Polygon, a leading Ethereum scaling team, have published a proposal to transition its PoS sidechain into a rollup-like zero-knowledge-powered validum.<\/p>\n
The PoS Chain is the largest network within Polygon’s ecosystem, with a DeFi TVL of $930M, and processes 2.5M transactions daily. However, the chain has received few upgrades while Polygon focused on advanced zero-knowledge-based scaling solutions<\/a> following its $1B<\/a> allocation towards ZK technologies in 2021.<\/p>\n \u201cThis is a major milestone for the Polygon ecosystem, as it would enable Polygon PoS to become more secure, more performant, and a core part of the Polygon 2.0 ecosystem,\u201d Polygon said<\/a> In an announcement.<\/p>\n Polygon emphasized that the upgrade would allow existing dApps to continue operating without changes once the PoS chain transitions into a zero-knowledge L2. The upgrade could go live before the end of Q1 2024 if a consensus is easily reached on the proposal<\/a>,<\/p>\n Polygon’s MATIC token is up over 6% in the past 24 hours.<\/p>\n The news comes after Polygon recently unveiled plans to reorganize into a unified multichain ecosystem of ZK-secured networks called Polygon 2.0<\/a>,<\/p>\n Polygon launched itszkEVM<\/a> in march,Deployed<\/a> the mainnet beta for its hybrid rollup Nightfall last May, and rolled out its Layer 3 architecture, Supernets, in April 2022. Polygon also continues to develop Miden, a ZK-STARK-based L2.<\/p>\n Currently, the PoS chain is Polygon’s sole deployment that isn’t leveraging zero-knowledge proofs despite housing the lion’s share of Polygon’s TVL.<\/p>\n Polygon describes a validium as a “lower-cost, higher-throughput sibling of a rollup.”<\/p>\n Rollups bundle together transactions on Layer 2 before submitting them to the Ethereum mainnet for finalization in batches, significantly reducing the fees associated with each individual transaction.<\/p>\n A validium’s key differentiating feature is that transaction data is published off-chain to offer greater transaction throughput and reduced fees. Polygon’s ecosystem of more than 100 validators staking $2B worth of its native token will provide data availability services in place of Ethereum for zkEVM validity.<\/p>\n Polygon’s validators will also provide transaction sequencing services after the upgrade. MATIC will continue to function as the network token, and its economics will remain the same.<\/p>\nPolygon 2.0<\/h4>\n
zkEVM Validium<\/h4>\n