Polygon Updates Official Document on zkEVM Main Network

03/30/2023 06:25 • Metaverse Matters • 130 views

It is reported that Polygon has updated its official document on matters related to the main network of Polygon zkEVM. The article points out that the main network of Polygon zkEVM will not issue a separate token, and ETH will be used to pay network gas fees. It is expected that in the future, MATIC will be used for pledge and governance in Polygon zkEVM. In addition, since Polygon zkEVM supports account abstraction through ERC-4337, this will allow users to use any token to pay fees.

Polygon: It is expected that MATIC will be used for pledge and governance in Polygon zkEVM in the future

Polygon, formerly known as Matic Network, has been making waves in the cryptocurrency world with its innovative solutions for scalability and interoperability. Recently, it has updated its official document regarding the main network of Polygon zkEVM. In this article, we will explore what this update means for the future of Polygon and its users.

Introduction

Polygon is a Layer 2 scaling solution for Ethereum that aims to provide high-speed and low-cost transactions for decentralized applications (dapps). Polygon zkEVM is a new version of the Polygon network that incorporates zero-knowledge proofs to enhance privacy and scalability. This update to its official document sheds more light on the workings of the main network of Polygon zkEVM.

Main Network of Polygon zkEVM

According to the updated document, the main network of Polygon zkEVM will not issue a separate token. Instead, Ethereum (ETH) will be used to pay network gas fees. This means that users will not need to worry about buying or holding MATIC tokens to use the network. However, in the future, MATIC will be used for pledge and governance in Polygon zkEVM. This is a positive development for MATIC holders as it gives them more utility for holding the token.

Account Abstraction through ERC-4337

Another noteworthy feature of Polygon zkEVM is its support for account abstraction through ERC-4337. This means that users can pay gas fees with any token, not just ETH or MATIC. This is a game-changer as it eliminates the need for users to hold ETH or MATIC solely for paying gas fees. It also opens up a world of possibilities for new projects to launch on Polygon zkEVM.

Conclusion

In conclusion, the updated document on the main network of Polygon zkEVM provides valuable insights into the workings of this innovative scaling solution. The use of ETH for gas fees and the future use of MATIC for pledge and governance are exciting developments that will make Polygon zkEVM more accessible and user-friendly. The support for account abstraction through ERC-4337 is a true innovation that sets Polygon apart from other scaling solutions.

FAQs

1. What is Polygon zkEVM?
Polygon zkEVM is a Layer 2 scaling solution for Ethereum that incorporates zero-knowledge proofs to enhance privacy and scalability.
2. What tokens are used for gas fees on the main network of Polygon zkEVM?
Ethereum (ETH) is used for gas fees on the main network of Polygon zkEVM. In the future, MATIC will be used for pledge and governance.
3. What is account abstraction through ERC-4337?
Account abstraction through ERC-4337 allows users to pay gas fees with any token, not just ETH or MATIC. This eliminates the need for users to hold ETH or MATIC solely for paying gas fees.

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