MATIC is up 31% in the last 4 days ๐
Here is everything you need to know about @0xPolygon upcoming zkEVM Update ๐
Matic will be launching beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM) on March 27, 2023. โ
But what is zkEVM? ๐ง
It's a way to prove that you know something (like a password) without revealing what it is.
With zkEVM, you can use zero-knowledge proofs to prove that a smart contract is executed correctly without revealing any of the contract's inputs or outputs.
So how does zkEVM work?
When you send a transaction, it gets encrypted and sent to a zero-knowledge proof system.
The system runs the transaction and generates proof that it executed correctly.
The first mover advantage of matic for zkEVM is huge!
Here are the key benefits:
Privacy
Security
Efficiency
Scaliblity
Layer 2 DeFi is one of the most sought after narrative right now for the upcoming bull run.
The future us bright for Polygon.
Should you buy matic now?
That is upto you it has already rallied alot, although the room to grow is immense but market needs to support the growth :)