Polygon and the web3 game blockchain project Immutable will collaborate to create a Layer 2 blockchain network dubbed Immutable zkEVM.
Ethereum scaling initiative Polygon and the web3 game blockchain project Immutable are collaborating to develop an Immutable zkEVM Layer 2 blockchain network. The network intends to use ZK-Rollup technology for Ethereum app compatibility while running independently from Immutable’s current StarkEx-based Layer 2 chain, Immutable X.
A zero-knowledge Ethereum Virtual Machine (zkEVM) is a Layer 2 scaling solution that uses zero-knowledge proofs to allow quicker and more efficient Ethereum network transactions. It is intended to function with Ethereum’s mainnet and provides a safe and scalable off-chain alternative for processing transactions and executing smart contracts.
Immutable X presently offers quick and inexpensive transactions for gaming applications, but it lacks native Ethereum blockchain support. The new network, Immutable zkEVM, will be compatible with the Ethereum Virtual Machine, enabling developers to write smart contracts for gaming apps using known Ethereum tools. The anticipated launch date for this blockchain is the second quarter of 2023.
Future Immutable zkEVM security will be provided by validators staking Matic, the native currency of Polygon’s sidechain network, according to Polygon co-founder Sandeep Nailwal. Nailwal said that the Immutable zkEVM would first employ a single sequencer for transaction processing before transitioning to a staking model.
“Gaming will be the greatest transaction producer on Web3,” stated Nailwal. “Even though it begins as a single operator chain, the immutable zkEVM chain will transition into a Polygon staked multi-validator chain where the stakers and delegators will receive transaction fees.”
The news is made only one week before the scheduled mainnet beta launch of Polygon’s zkEVM chain, which has been under development for a year. Many blockchain projects, including Polygon, Starknet, zkSync, and Scroll, have competed to build a ZK-based Layer 2 solution capable of natively supporting Ethereum applications during the last year.
Also Read: Render Network Considers Solana Migration Before Network Alterations
