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Polygon [MATIC] co-founder: zkEVM mainnet is the ‘holy grail of scaling’

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Polygon [MATIC] co-founder: zkEVM mainnet is the 'holy grail of scaling'

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  • Polygon’s co-founder Mijailo Bjelic shared his thoughts on the launch of the zkEVM mainnet in a recent Bankless podcast.
  • MATIC gained over 7% over the past 24 hours thanks to the latest scalability product.

Polygon’s [MATIC] co-founder Mihailo Bjelic and technical lead Jordi Baylina appeared in a podcast with Bankless on 28 March, in which the duo shared their thoughts on the recent launch of the Polygon zkEVM. 

Polygon achieves major milestone with zkEVM launch

Jordi Baylina, Polygon’s Technical lead, described the launch of zkEVM as a major milestone for his firm. He stated that one of their major objectives was to develop something that would be compatible with Ethereum [ETH] but would also allow major scalability at the same time. Polygon started working on the zkEVM two years ago and finally announced the final mainnet on 28 March.

Highlighting the use-cases of the zkEVM mainnet, Co-founder Mihailo Bjelic described it as the “holy grail of scaling”. Scalability and security are among the top features that the latest product brings to the table. The most important Ethereum -centric feature would be its EVM compatibility. Bjelic revealed that everything related to the Ethereum ecosystem, be it MetaMask or Solidity, stood to benefit from the Polygon zkEVM.

Baylina added:

“It’s not a new thing, it’s an extension of Ethereum.” 

Speaking on what the latest development means for Polygon’s proof-of-stake network, Mihailo Bjelic stated that the driving factor that would motivate any app or builder to choose zkEVM over the PoS chain is that it was simply more advanced and secure than the latter. The prospect of enjoying lower fees without compromising on security in the zkEVM was also another attractive feature. 

The launch of Polygon’s zkEVM mainnet had a significant impact on its native token, MATIC, which rallied more than 7% over the past 24 hours, until the time of writing. The token went from $1.05 to $1.14 since zkEVM’s launch. 

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Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
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