Polygon zkEVM Mainnet Beta in operation; Vitalik launches first live transaction

ambcrypto.com:

Almost six months after its Public Testnet, the Polygon [MATIC] zkEVM Mainnet Beta went live on Monday 27 March. The event, which began at 10 a.m. E.T, was broadcast live on YouTube. It had in attendance Vitalik Buterin, Ethereum’s [ETH] co-founder. As expected, Jordin Baylina, technical lead of the Polygon Hermez zkEVM project, was also an active participant.

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Known to have made its primary objective to scale Ethereum, Polygon considered the zero-knowledge (ZK) rollup as a viable solution to the delays experienced on its optimistic match. The idea behind it was to use the existing smart contracts’ power to reduce transaction costs while utilizing Ethereum’s network security.

In an exclusive press release sent to AMBCrypto, Polygon noted that the Ethereum founder would make the first transaction on the Mainnet. The project’s co-founder, Mihailo Bjelic, who seemed elated in anticipation of the development and Vitalik’s presence, said,

“Today’s launch is an incredible milestone and the beginning of a new chapter for blockchain technology, fulfilling Ethereum’s original promise of becoming a true ‘world computer’ and creating a fairer, more egalitarian internet for all.”

However, the ability to transact was not the only benefit that Polygon was offering. According to Baylina, the team was also open-sourcing the code. This would allow developers to collaborate and innovate within the community. 

When asked how Polygon could achieve the milestone less than two years after ideation, the technical lead said that it was down to the team’s dedication. Furthermore, he mentioned that the utilization of layers in the zkEVM architecture was vital to its fast execution.

Meanw