Polygon Updates Official Document on zkEVM Main Network

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, a leading blockchain network, has recently released an update regarding its main network of Polygon zkEVM. The official document provides insights into the network’s token issuance, gas fees, and the future of MATIC.

Background: What is Polygon zkEVM?

Before analyzing the latest updates on Polygon’s main network, let’s dive into what Polygon zkEVM is. Polygon zkEVM (Zero-Knowledge Ethereum Virtual Machine) is a solution based on Ethereum that combines advanced Zero-Knowledge Proofs (ZKPs) technology and EVM, allowing for high throughput and low latency.
In simpler terms, Polygon zkEVM is an L2 (layer-two) scaling solution that enables faster, cheaper, and more efficient transactions on the Ethereum network.

Polygon zkEVM Main Network and Token Issuance

The update from Polygon confirms that the main network of Polygon zkEVM will not introduce a new token. Instead, ETH (Ethereum) will be used to pay network gas fees. This is significant news for investors and users who have been awaiting news regarding token issuance.

Gas Fees on Polygon zkEVM

Previously, gas fees for Ethereum transactions could be exorbitant, especially during peak network congestion. However, with Polygon zkEVM, gas fees are significantly lower. The update confirms that users will continue to pay the fees using ETH.

MATIC and Polygon zkEVM

The update on Polygon’s main network also discusses the future of MATIC. MATIC is a native token of the Polygon Network that serves as a utility token, used for staking, governance, and transactions.
According to the update, MATIC will be used for pledge and governance in Polygon zkEVM in the future. This creates a more seamless user experience between the two networks, allowing users to spend and earn rewards using one token.

Account Abstraction and ERC-4337

Another exciting feature of Polygon zkEVM is that it supports account abstraction through ERC-4337. This feature enables users to use any token to pay fees, making it more flexible for users.

Conclusion

Polygon has released an update on its main network of Polygon zkEVM, providing crucial insights into token issuance, gas fees, and the future of MATIC. With these developments, Polygon continues to innovate and improve its blockchain network.

FAQs

1. What is Polygon zkEVM?
Polygon zkEVM is a scaling solution based on Ethereum, which combines advanced Zero-Knowledge Proofs (ZKPs) technology and EVM, allowing for high throughput and low latency.
2. Will the main network of Polygon zkEVM issue a separate token?
No, ETH will be used to pay network gas fees.
3. What is the future of MATIC on Polygon zkEVM?
MATIC will be used for pledge and governance in Polygon zkEVM.