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Polygon zkEVM Upgrade Details Revealed

Tue, 09/05/2023 - 14:05
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Godfrey Benjamin
Polygon zkEVM to get comprehensive overhaul in upcoming upgrade
Polygon zkEVM Upgrade Details Revealed
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Ethereum Layer 2 scaling solution Polygon has released a follow-up to the earlier revelation that its zkEVM chain is set to undergo its first major upgrade on the mainnet. According to the details posted on its official X account, the upgrade is slated for Wednesday, Sept. 6, by 11:00 a.m. UTC.

Polygon zkEVM to Welcome First Major Upgrade: Details

As Polygon revealed, the update will take place for approximately one hour, and during this period, users are bound to experience some forms of network hiccups. The update is coming in handy in order to give everyone ample time to guard against any forms of transaction inconsistencies.

Polygon described the update as a crucial one, and it will welcome the latest versions of both the Node and Prover components. As detailed, the Node component is designed to help ensure enhanced stability and performance while the Prover component will help bolster the functionality of the protocol in general.

The ease of upgrading blockchain protocols is one of the core features that enable the embrace of new technological innovations. In the fast-paced competition in the world of Layer 2 protocols on Ethereum, this upgradability potential is essential to help guarantee its place as a go-to scaling solution in today’s decentralized finance (DeFi) world.

Potential Impact on MATIC

Polygon zkEVM TPS Soars 636%, Is Adoption Improving?

The period preceding an upgrade of a protocol is generally filled with much skepticism as innovators are uncertain whether or not the changes effected will hamper the protocol in the short term. This sentiment was echoed by Shibarium, whose initial launch was marked with congestion and subsequent suspension in a bid to pay attention to comprehensive scaling.

With Polygon's MATIC changing hands at $0.5593, atop 3.23% growth, it becomes apparent that buyers are optimistic about the future of the Polygon zkEVM chain. The precedents featuring impressive transaction milestones are there, and a profound complement from this upgrade may help in stirring the token to new highs.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.