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NEW Bridge to Polygon zkEVM: Free for the first 48 hours

Altszn.com by Altszn.com
April 6, 2023
in Blockchain, Crypto, DeFi, Web3
0
NEW Bridge to Polygon zkEVM: Free for the first 48 hours
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How does this offer work?

For the next 48 hours, all deposits to Polygon zkEVM from rhino.fi, and withdrawals, carry 0 fees.

Users cover the gas costs on deposits from Polygon zkEVM to rhino.fi, while rhino.fi covers the gas cost on withdrawals to Polygon zkEVM, and charges no additional fee.

What you’ll find on Polygon zkEVM

Polygon zkEVM emulates the full Ethereum Virtual Machine (EVM) with the dynamism of a rollup and the agility of zero-knowledge technology.

Whereas the existing Polygon ecosystem is built on a side-chain to Ethereum, Polygon zkEVM is built on Layer 2. This means it can ‘roll up’ transactions into bundles, prove them in bulk and then post a single summary back to Layer 1 (whereas the main blockchain is obliged to process each transaction individually).

This benefit is multiplied by zk technology, which replaces human validators with incorruptible math. Transactions are verified when the ‘proving’ component of a verification engine solves a series of complex mathematical problems, which would have been impossible had it not done the correct calculations first.

This system is not only extremely quick, it’s also secure. Trust is replaced with code; the verification engine can never be tempted into malpractice.

For everyday users, zero-knowledge rollups on Layer 2 mean faster speeds and cheaper gas (Polygon claims it can reduce regular TX speeds by 90%) with all the inherent security benefits of the underlying Ethereum blockchain.

What’s more, as its name suggests, Polygon zkEVM inherits all Polygon’s EVM compatibility. So all smart contracts, wallets and dev tools work seamlessly from the start.

This isn’t just an amazing ecosystem in its own right. It’s a breakthrough in Ethereum’s struggle for scalability.

Various commentators, including Vitalik Buterin, Ethereum’s chief architect, have written about the blockchain trilemma: the challenge of achieving speed, decentralisation and scalability, rather than simply accepting a two-out-of-three compromise.

Until now, these three north stars have led us in different directions. But zk opens up a single path to all of them.

Anyway, have fun exploring Polygon zkEVM. Here’s that link again to save you the scrolling.



Read More: rhino.fi

Tags: BridgeDeFifreeHoursPolygonzkEVM
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