In a post on X dated March 12, Jarrod Watts, the Developer Relations Engineer at Polygon Labs, expressed his belief that Ethereum’s eagerly awaited Dencun upgrade will bring significant advantages to the Polygon zkEVM (zero-knowledge Ethereum Virtual Machine) and the wider ecosystem surrounding the zero-knowledge Ethereum Virtual Machine.

Watts, who is affiliated with Polygon Labs, shared his optimistic perspective on the potential benefits that the Dencun upgrade will bring. The Dencun upgrade is a highly anticipated and significant development within the Ethereum ecosystem, aiming to enhance the overall functionality and capabilities of the network.

Specifically, Watts emphasized the positive impact that the Dencun upgrade will have on the Polygon zkEVM. The zkEVM is a specialized framework that enables the implementation of zero-knowledge proofs on the Ethereum Virtual Machine, thereby enhancing privacy and scalability features. The Dencun upgrade is expected to leverage these enhancements and further optimize the performance and functionality of the Polygon zkEVM.

Moreover, Watts highlighted that the benefits of the Dencun upgrade will extend beyond the Polygon zkEVM to the broader zero-knowledge Ethereum Virtual Machine ecosystem. This suggests that the upgrade will have a positive ripple effect, benefiting other projects and platforms utilizing the zero-knowledge Ethereum Virtual Machine technology.

Overall, Watts’ statements reflect his positive outlook on the upcoming Dencun upgrade and its potential to bring substantial advantages to the Polygon zkEVM and the wider zero-knowledge Ethereum Virtual Machine ecosystem.

Ethereum is making preparations for the Dencun upgrade.

The forthcoming Dencun upgrade is anticipated to bring significant enhancements to layer-2 solutions that leverage rollup technology, including projects like Optimism and Arbitrum.

One notable aspect of the upgrade is the implementation of EIP-4844, which introduces the concept of “blobs.” These blobs can be understood as efficient data storage channels that aim to further reduce transaction costs within layer-2 solutions. By optimizing data storage and management, the upgrade seeks to improve the overall efficiency and cost-effectiveness of transactions processed on layer-2 networks.

The introduction of blobs as part of the Dencun upgrade is expected to have a particularly meaningful impact on layer-2 solutions utilizing rollup technology. Rollups are scaling solutions that enable the aggregation and compression of multiple transactions into a single batch, reducing the computational load and fees associated with processing those transactions on the Ethereum network. By incorporating blobs, the Dencun upgrade aims to enhance the performance and cost-efficiency of rollup-based layer-2 solutions like Optimism and Arbitrum.

These improvements will likely contribute to the broader adoption and utilization of layer-2 solutions, as they offer users faster and more cost-effective transactions compared to the Ethereum mainnet. As a result, the Dencun upgrade holds promise for driving the scalability and usability of the Ethereum ecosystem, particularly in the context of layer-2 solutions and rollup technologies.

It is important to clarify that while Polygon is compatible with the Ethereum Virtual Machine (EVM), it operates as a sidechain rather than a true layer-2 rollup solution. Consequently, the impact of the Dencun upgrade on Polygon may be less significant compared to projects utilizing full layer-2 rollup solutions.

However, it’s worth noting that Polygon does offer the Polygon zkEVM, which combines zero-knowledge proofs for enhanced privacy with rollup technology. This means that the Polygon zkEVM has the potential to benefit from the Dencun upgrade.

Jarrod Watts, an engineer involved in the Polygon project, has highlighted a key observation regarding the fees associated with the zkEVM. He notes that approximately 80% of the fees incurred by the zkEVM are attributed to call data. By implementing the more efficient “blob” storage mechanism following the Dencun upgrade, the Polygon zkEVM aims to significantly reduce these fees.

The introduction of blob storage has the potential to optimize the storage and management of call data within the zkEVM, leading to notable cost reductions for users. This could enhance the overall affordability and accessibility of the Polygon zkEVM, encouraging greater adoption and utilization of the technology.

While the Dencun upgrade may have a more limited impact on Polygon as a sidechain, the combination of zero-knowledge proofs and rollup technology in the Polygon zkEVM positions it to potentially benefit from the improved efficiency and cost reductions offered by the Dencun upgrade, particularly in terms of reducing fees associated with call data processing.

The Dencun upgrade is set to be introduced to the Polygon zkEVM in April.

The Dencun upgrade for Ethereum is expected to bring benefits to various layer-2 platforms, enabling them to offer lower transaction fees and increased transaction throughput to their users. These improvements contribute to the overall scalability and usability of the Ethereum ecosystem.

In the case of Polygon’s zkEVM, the project plans to integrate the proposals outlined in EIP-4844. Testing for these changes is slated to begin on the testnet in April, with the Feijoa upgrade expected to implement these updates on the mainnet approximately a month later. The integration of EIP-4844 aims to enhance the efficiency and cost-effectiveness of transactions on the Polygon zkEVM.

In addition to scalability efforts, Polygon is also actively working on Polygon 2.0. A crucial aspect of this upgrade involves transitioning from the current native token, MATIC, to a new token called POL. The token swap from MATIC to POL aims to unify the entire Polygon ecosystem, providing a common medium of exchange and governance across the platform.

By consolidating the ecosystem under a single token, Polygon seeks to streamline transactions and governance processes, promoting a more cohesive and efficient user experience for participants within the Polygon ecosystem.

Overall, the Dencun upgrade and the integration of EIP-4844 proposals, combined with the development of Polygon 2.0 and the token swap to POL, reflect Polygon’s ongoing efforts to enhance scalability, interoperability, and governance within its ecosystem.

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