A Brief Introduction to Polygon PoS and Polygon zkEVM
What are Polygon PoS and Polygon zkEVM? Also, what are their differences? Follow along as we address these questions in this article!
Exploring Polygon PoS and Polygon zkEVM
Polygon PoS, formerly known as Matic Network since its launch in 2017, serves as a layer-2 (L2) scaling solution for the Ethereum blockchain. Utilizing a proof-of-stake (PoS) consensus mechanism and the “Plasma” framework, Polygon PoS establishes a sidechain parallel to the Ethereum mainnet. This strategic architecture effectively addresses Ethereum’s scalability challenges, significantly reducing transaction fees and enhancing throughput.
Polygon PoS stands out as a well-established protocol in the Web3 space, hosting a multitude of decentralized applications (dapps) with over three million daily transactions. Its appeal lies in key advantages, including cost-effectiveness with an average transaction fee of approximately $0.015, robust community support, compatibility with Ethereum Virtual Machine (EVM), and a trusted reputation among industry leaders.
On the other hand, Polygon zkEVM, a decentralized Ethereum L2 scaling solution akin to Polygon PoS, employs cryptographic zero-knowledge (zk) proofs for off-chain transaction computations, employing zk-rollup technology. This method ensures validity and fast finality while maintaining full equivalence to EVM, allowing seamless integration with existing Ethereum tools, smart contracts, and wallets.
Polygon PoS and Polygon zkEVM Differences
Comparing Polygon PoS vs Polygon zkEVM, differences emerge in their architecture, consensus mechanisms, security models, and data availability. Despite variations, both solutions offer low fees and high security, making them versatile for different use cases. Polygon PoS excels in high throughput scenarios, suitable for Web3 games and social media dapps, while Polygon zkEVM’s focus on security makes it ideal for high-value DeFi applications and yield farming.
Build on Polygon
For developers looking to capitalize on Polygon’s ecosystem, Moralis offers a suite of Web3 APIs, including the NFT API for real-time data, Wallet API for building Web3 wallets, and Streams API for automated real-time event notifications. These tools empower developers to build on Polygon seamlessly, leveraging Moralis’ enterprise-grade interfaces for efficient and smart Web3 development. Access to Moralis’ APIs is available for free upon signup, providing immediate access to the capabilities needed to navigate and innovate within the Polygon ecosystem.
However, you can build on other chains as well, such as Chiliz, Gnosis, BNB Smart Chain, etc. Now, if you’d like more information about Moralis’ cross-chain compatibility, make sure to check out their Web3 data tools page, Web3 documentation, and other helpful resources on their blog, answering questions such as “Why build on Gnosis?” and “What is the best NFT data analytics tool for 2024?” Additionally, if you want to explore the Web3 landscape, make sure to check out Moralis’s dapp store called Web3 Wiki! There, you can find information on the latest emerging projects in Web3! Lastly, if you need inspiration on what you can build using Moralis, make sure to check out Moralis Money. Moralis Money is a token explorer and crypto trading platform built using Moralis APIs. That said, not only does it act as an explorer and trading tool, but it also provides essential insights into projects. For example, on Moralis Money’s crypto blog, you can find articles answering questions like “What is AllianceBlock Nexera?” and “What is the SKL crypto?” Plus, you can find an Uphold crypto review and Ribbon Finance crypto price prediction!
