{"id":181634,"date":"2023-09-21T03:39:17","date_gmt":"2023-09-21T03:39:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=181634"},"modified":"2023-09-21T03:39:17","modified_gmt":"2023-09-21T03:39:17","slug":"polygon-zkevm-successfully-completes-first-major-upgrade-introduces-dragonfruit","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/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 <\/span>upgrade<\/span>.\u00a0<\/span><\/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.<\/span><\/p>\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<\/span><\/p>\n Developers can leverage the benefits of Polygon zkEVM’s 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.<\/span><\/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<\/span><\/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: \u2014 Polygon (@0xPolygon) September 20, 2023<\/p>\n With the completion of the upgrade, the system has resumed full activity, providing users with enhanced functionality and improved scalability.<\/span><\/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<\/span><\/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.<\/span><\/p>\n Completing the first major upgrade for Polygon zkEVM represents a notable advancement in zero-knowledge scaling solutions.\u00a0<\/span><\/p>\n By combining the benefits of zero-knowledge proofs, lower transaction costs, increased throughput, and Ethereum’s base-layer security, Polygon zkEVM aims to provide an efficient and secure environment for decentralized applications and blockchain development.<\/span><\/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<\/span><\/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.<\/span><\/p>\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<\/span><\/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.<\/span><\/p>\n <\/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.<\/span><\/p>\n MATIC faces resistance at two key levels, namely $0.5587 and $0.5930. These resistance walls pose challenges for the token’s recovery and upward momentum. MATIC must surpass these obstacles in the short term before it can regain the $0.600 mark.<\/span><\/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<\/span><\/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.<\/span><\/p>\n Featured image from iStock, chart from TradingView.com\u00a0<\/span><\/p>\nPolygon zkEVM Implements Key Improvements<\/span><\/h2>\n
\n1) Ethereum
\n2) Polygon zkEVM Mainnet Beta https:\/\/t.co\/YEjDhHDD6w<\/p>\nMATIC Sees Modest Gain, Holding Significant Seven-Day Increase<\/span><\/h2>\n