Cointime

Download App
iOS & Android

The Audit-Upgraded Testnet for Polygon zkEVM

Validated Project

An audit-upgraded testnet for Polygon zkEVM will be available next week.

Why another testnet? Well, last week, Polygon Labs announced the launch date for Polygon zkEVM Mainnet Beta. (It’s March 27!) The security audit of Polygon zkEVM, which has been ongoing since December, provided some meaningful improvements that Polygon Labs wanted to make available to users before the release of Mainnet Beta.

The audit-upgraded testnet for Polygon zkEVM will be nearly the same as the permissionless, anyone-can-join, no whitelist, real assets, live system with a working prover that launches with Mainnet Beta.

While many of these upgrades are a result of the security audit, there are also performance improvements as well as support for Etherscan, management of the smart contract variables that enable upgradability, and FFLONK.

For the time being, users of the current testnet do not need to take any action. Once a firm date for the audit-upgraded testnet is in hand, Polygon Labs will provide the chainID and other necessary details for redeploying in a new network. Stay tuned to the Polygon Labs blog and the dedicated ZK handle, 0xPolygonZK.

Adding Etherscan and FFLONK

Following deployment of the audit-upgraded testnet, Polygon zkEVM will also support Etherscan, the gold standard block explorer for searching and browsing verified Ethereum blocks and transactions.

Another major upgrade is the integration of FFLONK, which will significantly improve verifier performance. FFLONK is a protocol for ZK-SNARK with a universal trusted set up with two key advantages:

  • No required specific trusted set-up
  • Verification of on-chain proofs requires less computational effort (i.e., cheaper) than Groth16 and Plonk

Many of the improvements in the coming testnet are a result of the security audit. Because Polygon zkEVM is technology-in-the-making, Polygon Labs has taken every step to try to safeguard the security of the end user. Once the audit reports are finalized, Polygon Labs will have a more detailed post on those findings and outcomes.

Finality Time

There have been two public testnets for Polygon zkEVM. The current testnet was launched with several performance upgrades: implementation of aggregation and recursion, as well as larger batches and optimized STARK proof composition. So how has the performance been?

For one, costs are way down. As of this week, the cost of proving a single Uniswap tx, for example, is roughly $0.0019. And while proof-generation time has been fast, the time to finality for a user withdrawing funds on Ethereum is longer than anticipated. (In the context of a testnet, withdrawal is hypothetical.) This is because of the tradeoffs between costs and speed.

From the moment a tx is sent, Polygon zkEVM is generating the ZK proofs for posting to Ethereum in approximately 2 - 3 minutes. And while Polygon zkEVM is capable of achieving finality to Ethereum in only 5 minutes, to optimize costs for users the system is configured to wait 30 minutes to allow many ZK proofs to be aggregated before posting to Ethereum.

It’s worth noting that users of optimistic rollups that rely on fraud proofs must wait 7 days to claim their funds on Ethereum.

For a comprehensive resource on Polygon zkEVM, check out the documentation wiki. And if you’re interested in (or perplexed by) Zero Knowledge, follow Polygon’s dedicated ZK handle, @0xPolygonZK, and head over to our ZK forum.

Read more: https://polygon.technology/blog/the-audit-upgraded-testnet-for-polygon-zkevm

Get the latest news here: Cointime channel — https://t.me/cointime_en

Comments

All Comments

Recommended for you

  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

    Indian billionaire Gautam Adani and his nephew, Sahil Adani, have been subpoenaed by the US Securities and Exchange Commission (SEC) to explain allegations of paying over $250 million in bribes to win solar power contracts. According to the Press Trust of India (PTI), the subpoena has been delivered to the Adani family's residence in Ahmedabad, a city in western India, and they have been given 21 days to respond. The notice, issued on November 21 by the Eastern District Court of New York, states that if the Adani family fails to respond on time, a default judgment will be made against them.

  • U.S. Congressman: SEC Commissioner Hester Peirce may become the new acting chairman of the SEC

    US Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chair of the US Securities and Exchange Commission (SEC). He noted that current chair Gary Gensler will step down on January 20, 2025, and the Republican Party will take over the SEC, with Peirce expected to succeed him.

  • Tether spokesperson: The relationship with Cantor is purely business, and the claim that Lutnick influenced regulatory actions is pure nonsense

     a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely a business relationship based on managing reserves. Claims that Howard Lutnick's joining the transition team in some way implies an influence on regulatory actions are baseless."

  • Bitwise CEO warns that ETHW is not suitable for all investors and has high risks and high volatility

    Hunter Horsley, CEO of Bitwise, posted on X platform that he was happy to see capital inflows into Bitwise's Ethereum exchange-traded fund ETHW, iShares, and Fidelity this Friday. He reminded that ETHW is not a registered investment company under the U.S. Investment Company Act of 1940 and therefore is not protected by the law. ETHW is not suitable for all investors due to its high risk and volatility.

  • Musk said he liked the "WOULD" meme, and the related tokens rose 400 times in a short period of time

    Musk posted a picture on his social media platform saying he likes the "WOULD" meme. As a result, the meme coin with the same name briefly surged. According to GMGN data, the meme coin with the same name created 123 days ago surged over 400 times in a short period of time, with a current market value of 4.5 million US dollars. Reminder to users: Meme coins have no practical use cases, prices are highly volatile, and investment should be cautious.

  • Victory Securities: Funding Rates halved and fell, Bitcoin's short-term direction is not one-sided

    Zhou Lele, the Vice Chief Operating Officer of Victory Securities, analyzed that the macro and high-level negative impact risks in the cryptocurrency market have passed. The risks are now more focused on expected realization, such as the American entrepreneur Musk and the American "Efficiency Department" (DOGE) led by Ramaswamy. After media reports, the increase in Dogecoin ($DOGE) was only 5.7%, while Dogecoin rose by 83% in the week when the US election results were announced. Last week, the net inflow of off-exchange Bitcoin ETF was US$1.67 billion, and the holdings of exchange contracts and CME contracts remained high, but the funding rates halved and fell back, indicating that the direction of Bitcoin in the short term is not one-sided, and bears are also accumulating strength.

  • ECB board member Villeroy: Falling inflation allows ECB to cut interest rates

     ECB board member Villeroy de Galhau said in an interview that the decline in inflation allows the ECB to lower interest rates. In addition, the slow pace of price increases compared to average wages is also a factor in the rate cut. Villeroy de Galhau emphasized that the ECB's interest rate policy decision is independent of the Fed. Evidence shows that the ECB began to lower interest rates in early June, while the Fed lowered interest rates three months later. With the decline in inflation, we will be able to continue to lower interest rates. Currently, the market generally expects the ECB to cut interest rates by 25 basis points at the next meeting in December, but weaker data increases the possibility of a 50 basis point cut.

  • State Street warns Bitcoin craze could distract gold investors

    George Milling-Stanley, the head of gold strategy at Dominion Bank, warned that the rise of Bitcoin may mislead investors to overlook the stability of gold. He believes that Bitcoin is more like a return-driven investment, while gold provides long-term stability. He also criticized Bitcoin promoters for misleading the market by using the term "mining," and believes that gold is still a more reliable investment choice.

  • In April, Polygon’s on-chain NFT sales exceeded US$50 million, setting the second highest record of the year

    According to Cryptoslam data, the NFT sales on Polygon chain in April exceeded 50 million US dollars, reaching 51,539,690.69 US dollars, setting the second highest monthly sales record in 2024, second only to January's sales of 112 million US dollars this year. In addition, the NFT trading volume on Polygon chain in April increased significantly to 1.5 million transactions, with nearly 90,000 independent sellers and over 33,000 independent buyers.