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

by SB Crypto Guru News
March 28, 2023
in Altcoin
Reading Time: 2 mins read
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Ethereum (ETH) scaling resolution 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 resolution equal to the Ethereum Digital Machine.

ZK-rollups intention 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 good contracts with greater finality and decrease transaction prices. In line with a brand new announcement from Polygon immediately, Polygon zkEVM is now reside and open supply.

“In the present day, Polygon Labs is happy to announce that Polygon zkEVM has not solely launched Mainnet Beta, however it’s also absolutely open-source beneath an AGPL v3 license. 

This implies Polygon zkEVM is not going to be proprietary and builders may 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 tips on how to license ZK software program, which Polygon Labs has addressed prior to now, will solely change into extra urgent.”

The announcement says that although Polygon’s new community has undergone two stringent audits just lately, there may be nonetheless the prospect that the brand new mainnet may 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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Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate marketing online.

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Tags: BetaBitcoin NewsBountybugCrypto NewsCrypto UpdatesLatest News on CryptoLaunchesMainnetMATICPolygonProgramSB Crypto Guru NewszkEVM
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