Polygon Labs Proposes the Improve of PoS to zkEVM Validium

• Polygon Labs proposed upgrading the PoS sidechain to zkEVM Validium.
• The proposal is a key step in the direction of the long run imaginative and prescient of the ecosystem, Polygon 2.0.
• If authorised, the improve of the community can be executed by the primary quarter of 2024.

Polygon Labs, the artistic companies and software program options firm, just lately proposed the improve of Polygon’s Proof-of-Stake (PoS) sidechain to zkEVM Validium, “a first-of-its-kind decentralized L2 secured by zero-knowledge (ZK) proofs.” As per the proposal printed by the platform’s engineering workforce, the improve, if authorised, can be executed by the primary quarter of 2024, a major step in the direction of the imaginative and prescient of Polygon’s future model, Polygon 2.0. 

Final week, Polygon Labs launched Polygon 2.0, with the goal to “construct the Worth Layer of the Web”. A price layer is a primary protocol that enables people to create, change, and program worth. Polygon 2.0’s imaginative and prescient included the leverage of ZK scaling know-how, however PoS is secured by its personal validators at current. Because the enterprise in the direction of Polygon 2.0 couldn’t exclude PoS, the platform determined to improve the community.

Hitesh Malviya, a crypto investor and content material creator, took to Twitter to share the updates on the Polygon PoS community’s improve:

The proposal cited that the prevailing PoS validators would take up two main tasks after the improve: “guaranteeing information availability and sequencing transactions”. Subsequent to the improve, Polygon PoS would mark “the primary validum with decentralized and safe information availability ensures” in addition to “the primary L2 with a decentralized sequencer set”. It’s assured that the transaction charges would circulate by the MATIC- staked validators.

Assuring low charges, excessive safety, and scalability of the zkEVM Validium, Polygon acknowledged,

You’ll be able to consider a legitimate because the lower-cost, higher-throughput sibling of a rollup. Rollups, like Polygon zkEVM, leverage Ethereum to publish transaction information and confirm proofs, thus absolutely inheriting its unmatched safety and decentralization.

Polygon Labs defined that the 2 completely different public networks of the Polygon ecosystem are to co-exist and complement each other, each providing excessive scalability and low charges on a extremely secured community.