Polygon Co-founder’s 2024 Plan and 2023 Review Scaling Network through ZK

Polygon Co-founder's 2024 Strategy and 2023 Progress Scaling the Network with ZK Tech

Author: Gareth Jenkinson, CoinTelegraph; Translation: Song Xue, LianGuai

Polygon co-founder Jordi Baylina has stated that by 2024, all of Polygon’s various Ethereum Layer 2 scaling solutions will be merged together, completing its “Polygon 2.0” cross-chain coordination protocol.

Baylina claims that 2024 will be the year to test how the various networks within the Polygon ecosystem can scale and integrate through zero-knowledge proofs (ZK-proofs).

“In 2024, the focus will mainly be on Polygon 2.0, connecting all these networks and sharing liquidity, as well as the composability between networks with different characteristics,” Baylina adds.

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Baylina further explains that the several networks that make up the Polygon ecosystem have their own tokens, sequencers, and data availability solutions. The evolution of Polygon 2.0 will involve several upgrades and use ZK proof technology to unify these different protocols into a “continuous, borderless block space.”

The scaling technology firm announced Polygon 2.0 in June 2023, outlining plans for an expanded ecosystem consisting of four layers of protocols. Proof of stake, cross-chain interoperability, execution, and proof layers all play a role in creating an interconnected chain ecosystem that supports fast value transfer and information sharing.

Reflecting on 2023, Baylina describes it as an important year for Polygon, with the release of multiple products that enhance the performance of their scaling protocols and provide means for developers to build decentralized applications (DApps) and interoperable services.

“For Polygon, it’s been an incredible year; the zkEVM, or zero-knowledge EVM, was the first big event. Additionally, the creation, design, and announcement of Polygon 2.0, along with the integration of proof of stake and all these aggregating layers, are important milestones,” explains Baylina.

Polygon released the open-source zkEVM mainnet Beta version.

Polygon’s zkEVM mimics the transaction execution environment of the Ethereum mainnet. The open-source zkEVM allows DApps to scale through transaction batching, unlocking higher performance.

One key aspect of Polygon’s CDK is that it can automatically access liquidity from all chains on Polygon and the broader Ethereum ecosystem, providing “on-demand scaling without splitting liquidity.”

Detailed explanation of the transition from Polygon’s proof of stake to zkEVM validium. Source: Polygon

Baylina describes the current state of Polygon as “a constellation composed of zkEVM.” The transition from Polygon’s proof of stake to zkEVM validium will accelerate the network’s scalability and allow ecosystem protocols to interrelate.

This is a complex process and not an easy task. Polygon is a decentralized system. Therefore, consensus needs to be reached first for this transition. Then, we need to move all the bridges, keep the network running, and maintain continuity for all these applications. It’s a challenging task, Baylina adds.

Polygon released three Polygon Improvement Proposals (PIPs) in September 2023. This includes transition proposals and specifications to be seen in Polygon. PIP-17 will include the launch of an upgrade from MATIC to POL. This includes transitioning to POL as the native gas token and staking token for the Polygon ecosystem, as well as the introduction of staking layer and migration to the Polygon mainnet.

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