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In the latest partnership announcement that is expected to reshape the landscape of Ethereum’s scalability solutions, Astar has just revealed its collaboration with Polygon Labs. The latest announcement marks a step forward for both blockchain projects, as they join forces to introduce Astar zkEVM, a cutting-edge Ethereum Layer-2 scaling solution, that will be powered by Polygon Chain Development Kit (CDK).
Astar & Polygon Join Hands For zkEVM
Astar Network’s latest innovation, Astar zkEVM, stands as a testament to their dual commitment: scaling Ethereum and promoting Web3 adoption, especially in Japan and beyond. This groundbreaking advancement merges cutting-edge zero-knowledge (ZK) technology with Ethereum’s core strengths, encompassing security, scalability, and interoperability.
As per an official announcement, the Japanese blockchain project plans to harness the power of Polygon’s CDK, an open-source codebase tailor-made for deploying zero-knowledge Layer 2 chains on the Ethereum network. This strategic use of the CDK serves as the fundamental framework for constructing Astar zkEVM.
The launch of Astar zkEVM marks a significant expansion of Astar Network’s cross-chain capabilities, laying the groundwork for attracting substantial capital into the Web3 ecosystem. Astar Network remains steadfast in its role within the Polkadot ecosystem, spearheading initiatives to unite diverse multichain communities.
Under the leadership of the Astar Foundation, initiatives aimed at onboarding enterprise partners to the Astar Network are poised to increase, fostering a growing ecosystem of entities building on this chain. The ultimate vision is to serve as a gateway facilitating seamless interoperability between the Ethereum and Polkadot ecosystems.
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How Will It Aid The Crypto Community?
An outstanding breakthrough in the Ethereum space revolves around zk-rollups, a technology that, when combined with zero-knowledge proof (ZKPs), retains the essence of trustlessness while fortifying security. It achieves this by verifying proofs without revealing any sensitive information.
zkEVM, a groundbreaking advancement, brings together zk-rollups and the Ethereum Virtual Machine (EVM) harmoniously. Essentially, it recreates the Ethereum ecosystem within zk-rollups while offering cryptographic proof of correctness. This not only assures the precision of data but also provides an unparalleled level of security and privacy.
However, despite the announcement, the Astar price was down 9.87% in the last 24 hours and traded at $0.05342. Its market cap was $281,175,206 during writing. However, the Polygon price noted a slight gain of 0.40% to trade at $0.5155, while its market cap totaled $4,804,318,419.
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