Introduction

On March 28th, Polygon Labs announced that its Polygon zkEVM has been fully open source under the AGPL v3 license. The trial version of the main network of Polygon zkEVM has also been launched synchronously. Currently, up to $1 million in vulnerability rewards have been set up to record critical vulnerabilities.

Polygon zkEVM is now fully open source with a bug reward of up to $1 million

Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum. It aims to improve scalability, reduce transaction fees, and increase interoperability between different blockchains. On March 28th, the company announced that its Polygon zkEVM has been fully open sourced under the AGPL v3 license. The trial version of the main network of Polygon zkEVM has also been launched synchronously, and up to $1 million in vulnerability rewards have been set up to record critical vulnerabilities. This article will discuss this announcement and its implications for the blockchain industry.
# What is Polygon zkEVM?
Polygon zkEVM is a Layer 2 scaling solution that uses zero-knowledge proofs to enable fast and cheap transactions on the Ethereum blockchain. It is based on zkSync, a Layer 2 scaling solution developed by Matter Labs. zkSync uses zero-knowledge proofs to bundle multiple transactions into a single proof, reducing the amount of data that needs to be stored on the blockchain. This results in faster transaction times and lower gas fees.
Polygon zkEVM is fully compatible with the Ethereum Virtual Machine (EVM), which means that it can run any Ethereum smart contract without modification. This makes it easy for Ethereum developers to migrate their dApps to the Polygon network and benefit from its fast and cheap transactions.
# The Benefits of Open Source
By open sourcing its code, Polygon is allowing developers to inspect, modify, and contribute to its codebase. This can lead to more innovation, as developers can build on top of Polygon’s technology and create new use cases for it. It can also improve security, as more eyes on the code can lead to the discovery of vulnerabilities and the creation of patches.
Open sourcing also makes Polygon’s technology more transparent, as anyone can see exactly how it works. This can build trust with the community and attract more developers and users to the platform.
# The Implications for the Blockchain Industry
The release of Polygon zkEVM as open source can have several implications for the blockchain industry. First, it can improve the scalability of the Ethereum network, by allowing more transactions to be processed off-chain. This can lead to lower fees and faster transaction times, making it more attractive for developers and users.
Second, it can increase the interoperability between different blockchains. By enabling fast and cheap transactions between different networks, it can make it easier for users to move their assets between different chains. This can lead to more composability between different dApps, allowing developers to create more complex and powerful applications.
Finally, it can encourage more innovation in the blockchain space. By open sourcing its technology, Polygon is providing a foundation for developers to build on top of. This can lead to new use cases for blockchain technology, and can help to accelerate the adoption of decentralized applications.
# Conclusion
The release of Polygon zkEVM as open source is a significant step for the blockchain industry. It has the potential to improve the scalability and interoperability of the Ethereum network, while encouraging more innovation in the space. By making its codebase available to developers, Polygon is providing a foundation for the creation of new decentralized applications, and is helping to build a more open and transparent blockchain ecosystem.
# FAQs
Q: What is Polygon?
A: Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum.
Q: What is zkSync?
A: zkSync is a Layer 2 scaling solution developed by Matter Labs, which uses zero-knowledge proofs to enable fast and cheap transactions on the Ethereum blockchain.
Q: What are the benefits of open sourcing?
A: Open sourcing can lead to more innovation, improved security, and increased transparency.
# Keywords
Polygon, zkEVM, open source, Ethereum, Layer 2, zkSync, blockchain, scalability, interoperability, innovation.