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

  • OpenTrade announces $4 million seed extension round led by AlbionVC

    OpenTrade has announced the completion of a $4 million seed extension financing round to build RWA-supported loan and stablecoin yield products. This round of financing was led by AlbionVC, with participation from a16z Crypto and CMCC Global. OpenTrade plans to use the funds to expand its operations and enhance its product capabilities.

  • BNB Chain Ecosystem Re-staking Infrastructure Kernel Receives Investment from Binance Labs

    BNB Chain's ecological re-staking infrastructure Kernel has announced that it has received investment from Binance Labs. As of now, its total financing amount has reached 10 million US dollars, with main investors including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs. It is reported that Kernel's mainnet is about to be launched. Kelp provides users with support for Ethereum liquidity re-staking services based on rsETH, while Gain provides DeFi, CeDeFi, and RWA income products. KERNEL tokens are designed to unify the governance and incentive mechanisms of Kelp, Kernel, and Gain, while providing rewards for early supporters of ecosystem development.

  • Morgan Stanley: The U.S. dollar will peak before the end of the year and enter a "bear market pattern" in 2025

    Morgan Stanley predicts that the strong US dollar will peak before the end of the year and then enter a "bearish market trend", slowly declining until 2025. The bank believes that due to the Bank of Japan's rate hikes and gradual easing actions by the Reserve Bank of Australia, the potential for the yen and Australian dollar to rise next year is the greatest.

  • Equation News calls out Binance for "insider trading": You are destroying the sentiment of the trading market

    On November 25th, Formula News reported that to those insider traders who participated in the listing of Binance perpetual contracts, please slow down when selling your chips next time. The WHY and CHEEMS crashes you caused resulted in a 100% negative return for everyone involved in the trade, and you are destroying the emotions of the trade. Earlier today, Binance announced the listing of 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts, which caused a short-term crash in WHY and CHEEMS and sparked intense discussion within the community.

  • 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.

  • 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.