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Ethereum’s Dencun Upgrade and Its Impact on Polygon zkEVM
Polygon Labs Developer Relations Engineer, Jarrod Watts, recently shared insights on how Ethereum’s highly anticipated Dencun upgrade will bring significant advantages to the Polygon zkEVM and the broader zero-knowledge Ethereum Virtual Machine (zkEVM) ecosystem.
Enhancements for Layer-2 Solutions
The upcoming Dencun upgrade is set to revolutionize layer-2 solutions utilizing rollup technology, such as Optimism and Arbitrum. A key highlight is the introduction of EIP-4844, which introduces “blobs” – efficient data storage channels to further reduce layer-2 transaction costs.
Implications for Polygon Chains
While Polygon functions as a sidechain rather than a true layer-2 rollup solution, the implementation of EIP-4844 through the Dencun upgrade can still benefit Polygon zkEVM. Leveraging zero-knowledge proofs and rollups, Polygon zkEVM stands to gain from the efficiency brought by the upgrade.
Integration Timeline
Watts mentioned that around 80% of zkEVM fees are attributed to call data. By adopting the more efficient “blob” storage post-Dencun, Polygon zkEVM aims to significantly reduce these fees. The Dencun upgrade is expected to reach Polygon zkEVM in April, with testing starting on the testnet.
Future Developments
Following the Dencun upgrade, various layer-2 platforms, including Polygon zkEVM, will offer lower transaction fees and increased throughput to users. Polygon zkEVM plans to implement EIP-4844 proposals, with testing slated for April and mainnet integration soon after. Additionally, Polygon is working on Polygon 2.0, which includes a token swap from MATIC to POL to unify the ecosystem for enhanced exchange and governance.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
