Polygon zkEVM, The Future Of Ethereum Scaling Is Here! 

Polygon confirms ETH compatible zero-knowledge scaling solution. Polygon, a Web3 infrastructure provider, announces  the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine) on 20 July 2022, which is said to be the “first” Ethereum-compatible scaling solution that uses the cryptographic method called zero-knowledge proofs.

zkEVM is set to reduce network fees by almost 90% and even more in future iterations,that is “fully compatible” with Ethereum. Users will see dramatically reduced costs and improved speed. Do anything you would do on Ethereum, for lower cost and at greater speeds, and have it verified on the Ethereum network via a ZK validity proof. It’s Ethereum, but with ZK scalability.

                                             Image courtesy: Polygon

Mentioning few use-cases of Polygon zkEVM for references below:

  • Defi Applications
  • NFT, Gamefi and Enterprise applications
  • Payments

All existing smart contracts, developer tools, and wallets will work seamlessly with Polygon zkEVM because its 

  • Permissionless
  • Open-sourced
  • Decentralized 
  • High Performance
  • Fees reduction of 90% 
  • Secure
  • Fastest ZK proof

Polygon has released a portion of the source code and roadmap for zkEVM, while its public testnet is expected later this summer and mainnet launch planned for early 2023.

Developers and users on Polygon zkEVM can use the same code, tooling, apps, etc that they use on Ethereum, but with much higher throughput and lower fees even after “The Merge” happens! 

About Payscript 

Payscript is a payment orchestration platform that simplifies digital payment acceptance and crypto spending, breaking down barriers to widespread crypto adoption.

What can one do with Payscript?

We have created simple and easy to use software for Digital Wallets, Digital Currency Exchange, Point of Sale transactions and Crypto Payment Gateway Widgets that empower merchants to start accepting crypto payments via multiple channels. Our powerful API’s allow for the complete solution feature set to be integrated natively in existing mobile/web applications and platforms. 

Whether you are an E-commerce store/Marketplace or a financial institution such as a Bank, using our configurable API you can take full control and incorporate crypto into your business however you see fit.


Ummehani J

Digital Marketing Manager

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