{"id":29914,"date":"2023-09-21T02:52:40","date_gmt":"2023-09-21T06:52:40","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29914"},"modified":"2023-09-21T02:52:40","modified_gmt":"2023-09-21T06:52:40","slug":"polygon-zkevm-successfully-completes-first-major-upgrade-introduces-dragonfruit","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/21\/polygon-zkevm-successfully-completes-first-major-upgrade-introduces-dragonfruit\/","title":{"rendered":"Polygon zkEVM Successfully Completes First Major Upgrade, Introduces Dragonfruit"},"content":{"rendered":"

Polygon (MATIC) zkEVM, a zero-knowledge scaling solution designed to be compatible with the Ethereum Virtual Machine (EVM), has achieved a significant milestone by completing its first upgrade<\/a>.\u00a0<\/p>\n

The upgrade, known as the Dragonfruit Upgrade, marks a significant step forward for Polygon zkEVM since its launch in mainnet beta in March 2023.<\/p>\n

Polygon zkEVM Implements Key Improvements<\/h2>\n

As an EVM equivalent ZK rollup scaling solution, Polygon zkEVM aims to ensure seamless compatibility with existing smart contracts, developer tooling, and wallets. This compatibility allows for a \u201csmooth transition\u201d and continued operation without disrupting the ecosystem.\u00a0<\/p>\n

Developers can leverage the benefits of Polygon zkEVM\u2019s zero-knowledge proofs, specifically validity proofs, to reduce transaction costs and increase transaction throughput while maintaining the robust security provided by the Ethereum base layer.<\/p>\n

The successful completion of the Polygon zkEVM Mainnet Beta upgrade, including bridge operations, signifies a notable achievement, according to the protocol\u2019s announcement on September 20.\u00a0<\/p>\n

Dragonfruit Upgrade: successful<\/p>\n

Polygon zkEVM Mainnet Beta upgrade + bridge operations have completed successfully. System resumes full activity.<\/p>\n

Devs, the list of EVM networks that support PUSH0 opcode:
\n1) Ethereum
\n2) Polygon zkEVM Mainnet Beta https:\/\/t.co\/YEjDhHDD6w<\/a><\/p>\n

\u2014 Polygon (@0xPolygon) September 20, 2023<\/a><\/p>\n

With the completion of the upgrade, the system has resumed full activity, providing users with enhanced functionality and improved scalability.<\/p>\n

Regarding the PUSH0 opcode support, Polygon zkEVM Mainnet Beta is now included in the list of EVM networks that support this opcode.\u00a0<\/p>\n

Including Polygon zkEVM Mainnet Beta alongside Ethereum demonstrates its compatibility with existing Ethereum-based networks and further expands the options available to developers.<\/p>\n

Completing the first major upgrade for Polygon zkEVM represents a notable advancement in zero-knowledge scaling solutions.\u00a0<\/p>\n

By combining the benefits of zero-knowledge proofs, lower transaction costs, increased throughput, and Ethereum\u2019s base-layer security, Polygon zkEVM aims to provide an efficient and secure environment for decentralized applications and blockchain development.<\/p>\n

With the successful upgrade and its continued commitment to compatibility and scalability, Polygon zkEVM strengthens its position as a scaling solution within the broader Ethereum ecosystem.\u00a0<\/p>\n

Developers and users alike can leverage the capabilities of Polygon zkEVM to build and interact with decentralized applications while enjoying the benefits of improved efficiency and reduced costs.<\/p>\n

MATIC Sees Modest Gain, Holding Significant Seven-Day Increase<\/h2>\n

Despite ongoing developments within the Polygon ecosystem, the native token of the protocol, MATIC, has remained range-bound for the past two days, failing to test upper resistance levels.\u00a0<\/p>\n

Currently, the token is consolidating between the price range of $0.536 and $0.5472, trading at $0.5426. It has maintained relative stability for over 24 hours, with a slight gain of 0.5% during this time frame.<\/p>\n

However, MATIC has still held significant gains over the seven days, with a 5.9% increase. This allowed the token to reclaim the $0.500 level after losing it and experiencing a decline to $0.419 on September 11, following the overall market trend. This marked the lowest point of the year for MATIC.<\/p>\n

MATIC faces resistance at two key levels, namely $0.5587 and $0.5930. These resistance walls pose challenges for the token\u2019s recovery and upward momentum. MATIC must surpass these obstacles in the short term before it can regain the $0.600 mark.<\/p>\n

On the other hand, a concerning factor is that MATIC only has a support level at a 1-year low of $0.4614. Bulls must defend this threshold to prevent a significant downtrend leading to new yearly lows.\u00a0<\/p>\n

However, MATIC could break free from the lower lows zone if the market conditions become more favorable for altcoins, potentially leading to a price surge.<\/p>\n

Featured image from iStock, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Polygon (MATIC) zkEVM, a zero-knowledge scaling solution designed to be compatible with the Ethereum Virtual Machine (EVM), has achieved a significant milestone by completing its first upgrade<\/a>.\u00a0<\/p>\n

The upgrade, known as the Dragonfruit Upgrade, marks a significant step forward for Polygon zkEVM since its launch in mainnet beta in March 2023.<\/p>\n

Polygon zkEVM Implements Key Improvements<\/h2>\n

As an EVM equivalent ZK rollup scaling solution, Polygon zkEVM aims to ensure seamless compatibility with existing smart contracts, developer tooling, and wallets. This compatibility allows for a \u201csmooth transition\u201d and continued operation without disrupting the ecosystem.\u00a0<\/p>\n

Developers can leverage the benefits of Polygon zkEVM\u2019s zero-knowledge proofs, specifically validity proofs, to reduce transaction costs and increase transaction throughput while maintaining the robust security provided by the Ethereum base layer.<\/p>\n

The successful completion of the Polygon zkEVM Mainnet Beta upgrade, including bridge operations, signifies a notable achievement, according to the protocol\u2019s announcement on September 20.\u00a0<\/p>\n

Dragonfruit Upgrade: successful<\/p>\n

Polygon zkEVM Mainnet Beta upgrade + bridge operations have completed successfully. System resumes full activity.<\/p>\n

Devs, the list of EVM networks that support PUSH0 opcode:
\n1) Ethereum
\n2) Polygon zkEVM Mainnet Beta https:\/\/t.co\/YEjDhHDD6w<\/a><\/p>\n

\u2014 Polygon (@0xPolygon) September 20, 2023<\/a><\/p>\n

With the completion of the upgrade, the system has resumed full activity, providing users with enhanced functionality and improved scalability.<\/p>\n

Regarding the PUSH0 opcode support, Polygon zkEVM Mainnet Beta is now included in the list of EVM networks that support this opcode.\u00a0<\/p>\n

Including Polygon zkEVM Mainnet Beta alongside Ethereum demonstrates its compatibility with existing Ethereum-based networks and further expands the options available to developers.<\/p>\n

Completing the first major upgrade for Polygon zkEVM represents a notable advancement in zero-knowledge scaling solutions.\u00a0<\/p>\n

By combining the benefits of zero-knowledge proofs, lower transaction costs, increased throughput, and Ethereum\u2019s base-layer security, Polygon zkEVM aims to provide an efficient and secure environment for decentralized applications and blockchain development.<\/p>\n

With the successful upgrade and its continued commitment to compatibility and scalability, Polygon zkEVM strengthens its position as a scaling solution within the broader Ethereum ecosystem.\u00a0<\/p>\n

Developers and users alike can leverage the capabilities of Polygon zkEVM to build and interact with decentralized applications while enjoying the benefits of improved efficiency and reduced costs.<\/p>\n

MATIC Sees Modest Gain, Holding Significant Seven-Day Increase<\/h2>\n

Despite ongoing developments within the Polygon ecosystem, the native token of the protocol, MATIC, has remained range-bound for the past two days, failing to test upper resistance levels.\u00a0<\/p>\n

Currently, the token is consolidating between the price range of $0.536 and $0.5472, trading at $0.5426. It has maintained relative stability for over 24 hours, with a slight gain of 0.5% during this time frame.<\/p>\n

However, MATIC has still held significant gains over the seven days, with a 5.9% increase. This allowed the token to reclaim the $0.500 level after losing it and experiencing a decline to $0.419 on September 11, following the overall market trend. This marked the lowest point of the year for MATIC.<\/p>\n

MATIC faces resistance at two key levels, namely $0.5587 and $0.5930. These resistance walls pose challenges for the token\u2019s recovery and upward momentum. MATIC must surpass these obstacles in the short term before it can regain the $0.600 mark.<\/p>\n

On the other hand, a concerning factor is that MATIC only has a support level at a 1-year low of $0.4614. Bulls must defend this threshold to prevent a significant downtrend leading to new yearly lows.\u00a0<\/p>\n

However, MATIC could break free from the lower lows zone if the market conditions become more favorable for altcoins, potentially leading to a price surge.<\/p>\n

Featured image from iStock, chart from TradingView.com\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-29914","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=29914"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29914\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29914"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}