Astar, Polygon joins power to launch zkEVM solution
Japan-based Astar Network announced on Wednesday that it is launching its zkEVM solution based on Polygon’s Chain Developer Kit (CDK) to improve its network’s interoperability with Ethereum Virtual Machine (EVM) chains.
See related article: How Japan illuminates the path of the blockchain future
Brief information
- Astar’s zero-knowledge Ethereum Virtual Machine, or zkEVM, is a Layer 2 scaling solution for Ethereum that provides a more scalable software computing environment for Ethereum-based applications.
- Astar said it expects the zkEVM to be the “entry point” for international entertainment and gaming projects in Japan.
- A zero-knowledge protocol on the blockchain confirms the validity of an on-chain transaction without requiring additional interaction or trust between participants. Benefits include lower gas fees, faster transactions, and greater privacy.
- According to Polygon, Polygon CDK is an open source code collection that helps developers launch zero-knowledge Layer 2 chains for Ethereum. Chains based on CDK are interoperable with other CDK chains.
- “By driving greater enterprise adoption through zkEVM, we would also work with the Japanese government to strengthen Web3 as a national strategy,” Astar founder Sota Watanabe said in a press release.
- Japan’s Prime Minister Fumio Kishida, who took office in 2021, expressed support for digital finance and the introduction of Web3 in Japan to revitalize the economy in what he calls “new capitalism.” Web3 is often referred to as the latest wave of blockchain-based Internet innovations, such as: B. Cryptocurrencies, non-fungible tokens and metaverses.
See related article: Sony Network Communications is investing in Japanese Web3 developer Startale Labs
