Ethereum Co-founder Initiated First Transaction on Polygon’s zkEVM

Ethereum Co-founder Initiated First Transaction on Polygon’s zkEVM

full version at thenewscrypto
  • Polygon released the zkEVM scaling technology to the mainnet.
  • Buterin initiated the first transaction and sent 0.005 ETH.

Polygon, the Ethereum layer-2 platform, released the Zero Knowledge Ethereum Virtual Machine (zkEVM) scaling technology to the mainnet on Monday. It reduced transaction fees and increased the throughput of Smart contract deployments.

Polygon stated that it makes all the aspects of its zkEVM open source, and the developers can study and share the code. It allows them to contribute to the zero-knowledge space with more innovation.

Polygon’s zkEVM is the zero-knowledge rollup scaling solution that is equivalent to the Ethereum Virtual Machine. This technology allows thousands of transactions to batched on the off-chain, with the proof containing the minimal data summary posted to Ethereum Mainnet. 

Sandeep Nailwal, the Co-founder of the polygon, stated

“We want to be extremely aligned to the web3 ethos, and we want more experimentation.”

According to the polygon team Vitalik Buterin, the co-founder of the Ethereum blockchain has initiated the first transaction on the new zkEVM. He sent 0.005 ETH to the random address, and the transaction sent successfully. 

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