Last Turn Before Big Update in Polygon (MATIC) Entered! Here are the details

Ethereum scaling platform Polygon (MATIC), launched the second public testnet, taking the platform to its final stage before the mainnet launch.

Polygon (MATIC) Launches Final Pre-Mainnet Testnet

The testnet will try a new upgrade called recursion, which it claims can enable Ethereum to scale exponentially. Polygon has not announced a set timeline for the mainnet launch.

Polygon claims to be the first zkEVM to enter the public testnet with open source code for its proof system, a critical component of executing zkEVM, a new scaling technology that uses zero-knowledge proofs. Although Polygon claims to be open source, it has drawn criticism from other zkEVM platforms for using the term in the past.

ZkEVMs are a new Ethereum scaling technology that started gaining traction last year. While not proven yet, they can greatly increase Ethereum’s transaction costs and speeds, and ultimately enable on-chain privacy while making it easier for developers to build apps.

This could open the door to many new on-chain applications, bridging the gap between off-chain data and real-world assets to crypto.

Last month, another zkEVM platform, zkSync, raised $200 million in its Series C funding round.

Polygon is known for its proof-of-stake Layer 1 chain, which is one of the most active chains by transaction count.

Polygon is known for its proof-of-stake Layer 1 chain, which is one of the most active chains by transaction count. Over the past few years, Polygon has made several acquisitions and in-house developments in the zero-knowledge space, a relatively new technology that can improve on-chain scalability and privacy, and which Vitalik Buterin says could be used for the long-term purpose of Ethereum.

*Not investment advice.