Google Cloud to Enhance Polygon zkEVM Scalability with Optimization

Google Cloud is partnering with Polygon zkEVM , a Layer 2 scaling solution, to improve the blockchain’s performance. The partnership aims to optimize Polygon’s zero-knowledge rollup solution, called ZK-EVM, for its users.

Polygon provides an infrastructure for building and deploying Ethereum-compatible blockchain networks. It was formerly known as Matic Network before it rebranded to Polygon in February 2021. Polygon’s blockchain network has gained a lot of traction recently due to the growing popularity of decentralized finance (DeFi) applications on Ethereum, which has led to congestion and high fees.

The network aims to address these issues by offering faster and cheaper transactions. Polygon has achieved this through the implementation of Layer 2 scaling solutions, which process transactions off-chain before settling them on the main Ethereum network.

ZK-EVM is a new type of Layer 2 scaling solution that uses zero-knowledge proofs to improve the speed and efficiency of transactions. It enables developers to create smart contracts that can be executed on Polygon’s blockchain with lower fees and faster processing times.

Google Cloud will provide its expertise in infrastructure and data analysis to help Polygon optimize ZK-EVM’s performance. The partnership aims to improve the scalability, security, and reliability of the solution for developers building on Polygon’s blockchain network.

Polygon’s co-founder, Sandeep Nailwal, stated that the partnership with Google Cloud is a significant milestone for the project. He said, “We’re excited to work with Google Cloud to provide the best possible infrastructure and services for our rapidly growing ecosystem.”

The partnership comes at a time when demand for Layer 2 scaling solutions is increasing. Ethereum’s transition to a proof-of-stake consensus mechanism is taking longer than expected, and the network’s congestion and high fees are making it difficult for developers to build decentralized applications on it.

Polygon’s blockchain network has emerged as a strong contender in the Layer 2 scaling space. The network has seen significant growth in recent months, with the total value locked in its DeFi ecosystem reaching over $10 billion in May 2021.

Google Cloud’s partnership with Polygon is not its first foray into the blockchain space. The tech giant has been exploring the potential of blockchain technology for several years and has invested in several blockchain-related projects. In 2019, it launched a suite of blockchain tools called Google Cloud Blockchain, which includes tools for building and deploying blockchain applications.

Google Cloud’s partnership with Polygon is a significant development for both companies. It highlights the growing importance of Layer 2 scaling solutions in the blockchain space and the potential for collaborations between blockchain projects and established technology companies.

The partnership is also a significant step forward for Polygon’s ecosystem. The optimization of ZK-EVM’s performance by Google Cloud will make it more attractive to developers building decentralized applications on the blockchain network. This, in turn, will lead to increased adoption of Polygon’s blockchain network and further growth of its DeFi ecosystem.

In conclusion, Google Cloud’s partnership with Polygon is a significant milestone for both companies. It highlights the growing importance of Layer 2 scaling solutions in the blockchain space and the potential for collaborations between blockchain projects and established technology companies. The partnership is expected to improve the scalability, security, and reliability of Polygon’s blockchain network, making it more attractive to developers building decentralized applications on it. This, in turn, will lead to increased adoption of Polygon’s blockchain network and further growth of its DeFi ecosystem.