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Polygon Labs, the engineering crew behind the favored Polygon PoS (Proof of Stake) chain, has proposed a significant improve to the community.
The improve would introduce a “first-of-its-kind” decentralized L2 (Layer 2) secured by zero-knowledge (ZK) proofs, making the Polygon ecosystem safer, performant, and a core a part of the upcoming Polygon 2.0 ecosystem.
This improve marks a big milestone within the blockchain business, as it will be the primary time an present chain, particularly of this dimension and significance, provides ZK proofs to change into an L2.
Polygon Labs Units The Bar Excessive
Per the announcement, the improve proposes utilizing a zkEVM validium, a lower-cost, higher-throughput sibling of a rollup. Rollups, equivalent to Polygon zkEVM, leverage Ethereum to publish transaction knowledge and confirm proofs, inheriting its safety and decentralization.
Furthermore, the improve will contain the migration of Polygon’s present PoS to a brand new PoS community that makes use of the zkEVM expertise. The upgraded PoS community, or validium, will function alongside Polygon’s present zkEVM rollup community, providing customers the advantages of each applied sciences relying on their particular wants.
Present Polygon PoS validators will play two vital roles within the upgraded ecosystem, guaranteeing knowledge availability and sequencing transactions. By testifying to knowledge availability, Polygon PoS will change into the primary validium with decentralized and safe knowledge availability ensures.
Validators may also function the chain by deciding which transactions to incorporate in a block and wherein order, preserving decentralization and making certain that transaction charges circulation to MATIC-staked validators. This might make Polygon PoS the primary L2 with a decentralized sequencer set.
Moreover, the upgraded PoS community will provide excessive scalability and low charges, making it an excellent match for purposes with excessive transaction quantity and requiring low transaction charges, equivalent to Web3 gaming and social and micro Decentralized Finance (DeFi).
In the meantime, the prevailing zkEVM rollup community will proceed to supply a excessive degree of safety, making it a great resolution for purposes that course of high-value transactions and prioritize safety, equivalent to high-value DeFi purposes.
Polygon’s 2.0 imaginative and prescient for scalability and unified liquidity, powered by ZK expertise, goals to make each Polygon chain a ZK L2. Nevertheless, Polygon PoS, in its present state, is secured by its validators, not by ZK proofs.
In keeping with the announcement, the improve is at present within the Pre-Polygon Enchancment Proposal (PIP) stage, with the proposal already stay on the governance discussion board. Assuming it gathers vital assist from the neighborhood, a proper PIP shall be put ahead, initiating the prescribed processes.
The proposal will then be mentioned on PPG (Polygon Protocol Governance) Calls, governance boards, and different public venues to collect consensus from all related ecosystem members. The implementation may go stay on Mainnet by the top of Q1 2024 if a consensus is reached.
Featured picture from Unsplash, chart from TradingView.com
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