Japan-based Astar Network announced on Wednesday that it is launching its zkEVM solution powered by Polygon’s Chain Developer Kit (CDK) to improve the interoperability of its network with Ethereum Virtual Machine (EVM) chains.
See related articles: How is Japan lighting the way to the future of blockchain?
- Astar’s Zero-Knowledge Ethereum Virtual Machine, or zkEVM for short, is a layer-2 scaling solution for Ethereum that provides a more scalable software computing environment for Ethereum-based applications.
- Astar said it hoped zkEVM would be an “entry point” for international entertainment and gaming projects in Japan.
- A zero-knowledge protocol in blockchain verifies the validity of on-chain transactions without requiring additional interaction or trust between participants. Its benefits include low gas fees, fast transactions, and high privacy.
- The Polygon CDK is an open-source collection of code that supports developers in launching zero-knowledge layer-2 chains for Ethereum, according to Polygon. Chains built on CDK are interoperable with other CDK chains.
- “By promoting greater enterprise adoption through zkEVM, we will work closely with the Japanese government to elevate Web3 as a national strategy,” Astar founder Sota Watanabe said in a press release.
- Prime Minister of Japan Fumio Kishida, who took office in 2021, expressed his support for the adoption of digital finance and Web3 in Japan to reinvigorate the economy in what he has called a “new capitalism”. Web3 is often touted as the latest wave of internet innovations based on blockchain, such as cryptocurrencies, non-fungible tokens, and the metaverse.
See related articles: Sony Network Communications to invest in Japanese Web3 developer Startel Labs