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

1 year ago 264

Ethereum (ETH) scaling solution 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 solution equivalent to the Ethereum Virtual Machine.

ZK-rollups aim to boost the throughput of the Ethereum blockchain by bringing computations and state storage to layer-2, allowing transactions to be made off-chain while only putting minimal data on the Ethereum mainnet.

Polygon’s zkEVM aims to easily let developers deploy smart contracts with higher finality and lower transaction costs. According to a new announcement from Polygon today, Polygon zkEVM is now live and open source.

“Today, Polygon Labs is pleased to announce that Polygon zkEVM has not only launched Mainnet Beta, but it is also fully open-source under an AGPL v3 license. 

This means Polygon zkEVM will not be proprietary and developers will have access to the repositories to modify, use, and distribute as they see fit. As a growing number of ZK-rollups are announced, the question of how to license ZK software, which Polygon Labs has addressed in the past, will only become more pressing.”

The announcement says that though Polygon’s new network has undergone two stringent audits recently, there is still the chance that the new mainnet could still have some undetected bugs in the code. To combat bugs, Polygon has posted a hefty bounty for bug finders.

“As discussed, Polygon zkEVM Mainnet Beta comes with the possibilities of bugs–so as the process of battle-testing the protocol in the real world unfolds, a bug bounty has been set, with as much as $1,000,000 for documenting critical vulnerabilities.”

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The post Polygon (MATIC) Launches New zkEVM Mainnet Beta With $1,000,000 Bug Bounty Program appeared first on The Daily Hodl.

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