Main navigation

Polygon (MATIC) Zero-Knowledge EVM Hermez Heading Toward Mainnet: Date Announced

News
Mon, 01/10/2022 - 15:58
article image
Vladislav Sopov
Amid record-breaking spike in Polygon (MATIC) fees, platform approaches release of its scalability solution
Polygon (MATIC) Zero-Knowledge EVM Hermez Heading Toward Mainnet: Date Announced
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents

Polygon (MATIC), a well-known smart contracts platform compatible with Ethereum Virtual Machine, unveils the date of its most crucial upgrade of 2022.

ZK-EVM Hermez approaches mainnet release: Save the date

According to the announcement shared by Sanket Shah, head of strategy at Polygon (MATIC), the product is on its way to a major update.

Polygon Hermez is going to see its mainnet version rolled out as soon as Q2, 2022. Its first mainnet version will only be suitable for value transfer and will not be EVM-compatible.

One hundred percent EVM compatibility will be added to Polygon's Hermez in v2.

ConsenSys investor and Polygon growth advisor John Lilic stresses the importance of the upcoming release for Ethereum's scaling ecosystem:

The race to scale #Ethereum going up a notch @0xPolygon $matic

No more exorbitant fees?

Polygon Hermez is an open-source ZK-Rollup and advanced scalability instrument for Ethereum and Ethereum-like networks. It was acquired by Polygon in 2021.

Related
Polygon MATIC Discloses 3 Key Milestones to Be Launched in 2022

As covered by U.Today previously, for the first time in its history, the Polygon (MATIC) network suffered from a rapid transaction fee spike.

Related
Polygon (MATIC) Gas Fees Rocketed Due to This Game

Polygon fees skyrocketed due to the increased activity of Sunflower Farmers, a play-to-earn ecosystem based on Polygon. With Hermez launched in mainnet, Polygon's fee mechanisms will be more resource-efficient.

article image
About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)