- The launch of Polygon’s zkEVM mainnet is a game-changer, triggering a shift towards ‘hyper-blockchainization’, as per Polygon co-founder Sandeep Nailwal.
- The progress made with the zkEVM rollout is irreversible and it’s poised to exponentially drive blockchain adoption.
Sandeep Nailwal, the co-founder of Polygon (MATIC), a leading Ethereum Virtual Machine (EVM) blockchain, has boldly proclaimed that the recent launch of Polygon’s zkEVM network is a transformative development that has forever altered the global landscape. His declaration comes as the US Securities and Exchange Commission (SEC) heightens its scrutiny of altcoins.
On June 7, 2023, Nailwal took to his social media to assert that we are on the brink of a ‘hyper-blockchainization’ epoch, triggered by the launch of the Polygon zkEVM mainnet. This new era of pervasive blockchain implementation, he suggests, is irreversible, hinting that blockchain solutions are set to experience a parabolic adoption trajectory in the forthcoming cycle.
As reported earlier, the inaugural version of the Polygon zkEVM network was activated on its mainnet on March 27, 2023. This launch has been hailed as the most eagerly anticipated milestone by Polygon’s enthusiast community this year.
This groundbreaking zkEVM network permits the most extensive EVM blockchain to transition from EVM-compatibility to EVM-equivalence. This significant shift enables the platform to drastically reduce fees without compromising on decentralization and throughput, a noteworthy advance in blockchain technology.
Eduardo Antuña, a core developer of Polygon’s zkEVM, projects that the upgraded network will have the capacity to process an impressive 10,000 transactions for a mere $1 in gas fees.
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Meanwhile, Nailwal’s optimistic proclamation comes amidst intensified SEC investigations into leading altcoins. As recently reported, the SEC has taken legal action against Binance and Coinbase for allegedly offering unregistered securities.
For the first time, Polygon’s assets were labeled as securities. Other major altcoins, including Cardano’s ADA and Solana’s SOL, also found themselves on the SEC’s list. In an earlier development in November 2022, Polkadot’s DOT coin became the first altcoin to ‘officially’ transition from its security status, as acknowledged by the SEC.
Despite the regulatory hurdles, the transformative potential of blockchain technology, evidenced by the launch of Polygon’s zkEVM, seems undeterred.
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