Dragon Fruit Upgrade: Polygon zkEVM’s Major Evolution Set to Boost Ethereum Scaling

By 0xGorki 09/10/23 2:29 PM

This week is poised to be an exciting and pivotal one for Polygon, the Ethereum Layer 2 scalability solution, as it gears up for a series of significant events and announcements. With the Polygon team heading to Singapore to participate in Asia Crypto Week from September 13 to 14, crypto enthusiasts and investors worldwide are eagerly awaiting the revelations and developments set to unfold.

Asia Crypto Week Highlights

At the heart of this action-packed week is Polygon’s participation in Asia Crypto Week. The project has hinted at dropping major announcements and exclusive collectibles during the event. This has left the crypto community buzzing with anticipation, as they speculate on what Polygon has up its sleeve. The allure of these announcements is expected to draw significant attention and enthusiasm from crypto enthusiasts.

But that’s not all; Polygon will also be delving into the discussion of Polygon 2.0, zkEVM (Zero-Knowledge Ethereum Virtual Machine), and the recently unveiled Polygon Chain Development Kit (CDK). These topics are integral to Polygon’s ongoing efforts to enhance the scalability and utility of the Ethereum network, making it a vital part of the ever-evolving blockchain ecosystem.

That’s a wrap in Seoul, and it’s time to head to Singapore.

A few events where you can find us ⬇️https://t.co/l4MfNZ2OaF pic.twitter.com/7KTgljcYKw

— Polygon (Labs) (@0xPolygonLabs) September 10, 2023

Polygon’s Integration with Mirae Asset Securities

Adding to the excitement, Polygon recently made a significant stride by welcoming Korea’s largest financial group, Mirae Asset Securities, into its ecosystem. This partnership signifies a major step towards the practical integration of tokenized securities and the establishment of interoperability between South Korea’s domestic and foreign financial infrastructures.

Mirae Asset Securities and Polygon Labs will be jointly researching the possibilities and challenges of tokenized securities, working towards innovative solutions in the realm of digital assets. This move highlights Polygon’s commitment to facilitating advancements in the financial industry through blockchain technology. Moreover, the collaboration will offer technical support for a securities token platform consortium, marking a significant milestone in the integration of traditional finance with the blockchain space.

Dragon Fruit: An Exciting Upgrade for Polygon zkEVM

In a development that has the crypto community abuzz, Polygon’s zkEVM mainnet beta is set to receive its first major upgrade, known as Dragon Fruit or ForkID5. Polygon zkEVM was launched on the mainnet beta earlier this year, representing an all-encompassing Ethereum scaling protocol with EVM equivalence.

The Dragon Fruit upgrade introduces the latest Ethereum Virtual Machine (EVM) opcode, PUSH0, ensuring that Polygon zkEVM stays aligned with the latest developments in the Ethereum ecosystem, specifically Solidity v0.8.21. This compatibility is crucial for Polygon’s role as an Ethereum Layer 2 solution. The upgrade process, in line with Polygon zkEVM’s governance model, was initiated and executed, with the conclusion of this process expected on September 10.

The crypto world eagerly anticipates the Dragon Fruit upgrade, which is scheduled to go live on the mainnet during the week of September 11. This upgrade is poised to enhance the capabilities of Polygon zkEVM, offering users and developers an even more powerful and efficient Ethereum scaling solution.

In conclusion, Polygon’s busy week in Singapore promises to bring a slew of exciting developments, partnerships, and upgrades to the forefront of the crypto industry. As Polygon continues to push the boundaries of what is possible in the world of blockchain and Ethereum scalability, the community watches with bated breath, ready to embrace the innovations and enhancements set to be unveiled during this action-packed week.