Uniswap scales using Polygon’s zkEVM Testnet, launched today

Polygon’s zero-knowledge (ZK) R&D staff has launched the main ecosystem’s zkEVM Public Testnet, Coin Journal realized from a press launch. 

Excessive safety and infinite scalability 

zkEVM is the one resolution that fulfills an important targets of blockchain design: excessive safety, infinite scalability, and an Ethereum-familiar developer expertise. 

Uniswap adopts testnet, UNI up 9%

Main DeFi platforms like Uniswap and Aave, in addition to gaming studio Midnight Society and Lens, the web3 social platform, will rely among the many first to scale their dApps utilizing the zkEVM testnet.

Uniswap’s token UNI gained practically 9% on the information of this main growth. 

Quick withdrawal and censorship resistance 

DeFi functions can even profit from Polygon zkEVM’s censorship resistance and excessive safety. Zk-rollups don’t have a lot ready time on the subject of withdrawals, in contrast to their optimistic counterparts. The zkEVM is much extra capital-effective in consequence. 

Full EVM equivalence  

Polygon zkEVM units itself aside from the competitors by being totally equal to the Ethereum Digital Machine. That is advantageous to builders as a result of they received’t have to move present code or use new programming instruments and languages emigrate to zkEVM. 

David Schwartz, Co-Founding father of Polygon Hermez, commented:

Finally, Polygon zkEVM is the subsequent step in Ethereum’s journey, and we’re shifting in direction of giving our customers the total advantages of a working zkEVM — scalability with out compromise. Now we have some work to do earlier than we totally obtain these targets, and we’re keen to search out out precisely what wants enchancment and obtain suggestions. That’s why we’re inviting you to assist us battle-test the testnet model of Polygon zkEVM.

Dedication to web3 development 

Polygon is passionately dedicated to the expansion of the web3 ecosystem and the pursuit of a decentralized future. Upon saying the launch of zkEVM at Eth Paris in July of this yr, the code for zkEVM was open-sourced and totally accessible to builders. 

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