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Home Cryptocurrencies

Polygon (MATIC) Launches New zkEVM Mainnet Beta With $1,000,000 Bug Bounty Program

by admin
March 28, 2023
in Cryptocurrencies
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Ethereum (ETH) scaling answer Polygon (MATIC) has launched the mainnet beta of its highly-anticipated zkEVM with a high-prize bug bounty.

The zkEVM is a zero-knowledge rollup (ZK-rollups) scaling answer equal to the Ethereum Digital Machine.

ZK-rollups purpose to spice up the throughput of the Ethereum blockchain by bringing computations and state storage to layer-2, permitting transactions to be made off-chain whereas solely placing minimal information on the Ethereum mainnet.

Polygon’s zkEVM goals to simply let builders deploy sensible contracts with greater finality and decrease transaction prices. In line with a brand new announcement from Polygon right this moment, Polygon zkEVM is now dwell and open supply.

“In the present day, Polygon Labs is happy to announce that Polygon zkEVM has not solely launched Mainnet Beta, however it is usually totally open-source underneath an AGPL v3 license. 

This implies Polygon zkEVM is not going to be proprietary and builders could have entry to the repositories to change, use, and distribute as they see match. As a rising variety of ZK-rollups are introduced, the query of find out how to license ZK software program, which Polygon Labs has addressed previously, will solely turn out to be extra urgent.”

The announcement says that although Polygon’s new community has undergone two stringent audits lately, there may be nonetheless the possibility that the brand new mainnet might nonetheless have some undetected bugs within the code. To fight bugs, Polygon has posted a hefty bounty for bug finders.

“As mentioned, Polygon zkEVM Mainnet Beta comes with the probabilities of bugs–in order the method of battle-testing the protocol in the actual world unfolds, a bug bounty has been set, with as a lot as $1,000,000 for documenting essential vulnerabilities.”

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