Polygon Bridge for Polygon zkEVM Goes Live, Allows Withdrawals from Ethereum
On Wednesday, April 26, Polygon announced that the Polygon PoS Bridge is now available for Polygon zkEVM, whose beta version launched last month. The Polygon zkEVM network offers scalability solutions to decentralized applications (dApps) running on the Ethereum blockchain network.
The Polygon Bridge for Polygon zkEVM will have the same user experience as available in the Polygon PoS mainnet. However, it comes with a number of UX improvements that incorporate the feedback received from the community.
These UX improvements include transaction history, a visible progress bar, and a recent transaction panel with completion status.
The concept of ‘Bridges’ in the crypto space is quite popular as they facilitate the transfer of assets across different blockchain platforms. However, bridges transferred using zk-technology are much better than the regular ones as they are entirely governed by smart contracts, one on the Polygon zkEVM and the other on Ethereum.
Polygon Bridge – Withdrawing Funds from Ethereum
The launch of this Polygon Bridge for Polygon zkEVM will allow users to withdraw funds from the Ethereum mainnet within just 30-60 minutes of initiating the withdrawal. The Polygon Bridge shall be supporting some of the users’ favorite assets such as ERC-20 tokens and the extended features of ERC-777 tokens.
Also, users of the Polygon Bridge won’t have to undergo the bridging process. Soon as the user triggers a bridging transaction, the bridged token will be automatically mapped. Most of the other platform require users to map their tokens before bridging. This could also take hours or even days. Thus, the Polygon Bridge cuts through these hurdles offering users a seamless experience.
The Polygon zkEVM launched last month as mainnet beta is open source, permissionless, and public. Thus, any can build atop it and transact their assets. Some teams have already started building atop the Polygon zkEVM. This includes premier dApps such as Balancer and Lens, and other gaming projects.
- Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?