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Polygon ZkEVM

Polygon ZkEVM

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Polygon

Polygon Labs is a team of diverse, passionate contributors in over 40 countries, building a future where Web3 is for everyone across the globe. As a remote-first company with teams across 15+ time zones, they empower their teams to work smarter with async-first communication and a culture of trust and transparency. Working at Polygon Labs provides the opportunity to develop cutting-edge technology with some of the best minds in Web3, building a decentralized future.
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Funding Rounds

Funding Round: Private token sale
Funding Date: 7 Feb, 2022
Raised Amount: $450M
Funding Round: Series A
Funding Date: 20 Dec, 2020
Raised Amount: $1M

Investors

Polygon ZkEVM

Polygon zkEVM is a decentralized Ethereum Layer 2 scalability solution that uses cryptographic zero-knowledge proofs to offer validity and fast finality of off-chain transaction computations. This is also known as a ZK-Rollup. ZK-Rollups execute thousands of transactions off-chain and roll them up into a single transaction to be posted to Ethereum. The ZK-Rollup submits a validity proof to the L1, proving the correctness of the off-chain transactions. This process reduces transaction data, which in turn reduces gas fees and increases transaction throughput, all while inheriting the security of Ethereum.
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