Polygon releases zkEVM public testnet as MATIC chooses…

ambcrypto.com:

Polygon [MATIC], on 10 October, announced that its ZK roll-ups with EVM compatibility public testnet were now live. Since unveiling the zkEVM in July, Polygon seemed to have been working non-stop to achieve the recently-declared update.

According to its blog post-release, Polygon noted that it was committed to serving the crypto community with the first open-source zkEVM network. The blog post said,

“We proposed to scale Ethereum with performant zero-knowledge (ZK) proofs within an Ethereum Virtual Machine-equivalent environment; This was a major step towards the seamless scaling solution that the community had long been hoping for. Today’s release of the Public Testnet achieves that vision, and we’re proud to say we’re the first zkEVM to reach public testnet with an open-source ZK proving system.”

In almost all parts of the communique, Polygon did not skip the role Ethereum [ETH] played in helping the blockchain achieve its goal.

The Web3 platform stated that the public testnet was a significant landmark for Polygon and Ethereum. Furthermore, Polygon noted that the testnet version was not for its circle alone but was also open to the Ethereum community. 

As for MATIC, the development did not necessarily create a sustained price uptick. While it had increased about 2.86% immediately after the announcement, the ERC-20 token lost hold of the greens. At press time, MATIC was down 3.19% in the last 24 hours. 

Furthermore, according to CoinMarketCap, the decline led MATIC to trade at $0.80. However, it seemed like there was an increased interest in MATIC as the on-chain analytic platform, Santiment, revealed a 91.04% surge in MATIC’s volume from the previous day. 

At the time of this writing, MATIC’s volume was 357.76 million.