Celer (CELR) altcoin developers announced that they have partnered with Polygon's zkEVM, a decentralized Ethereum Layer 2 scalability solution that uses cryptographic zero-knowledge proofs to enable off-chain transaction computation.
What Are the Details of Celer's (CELR) Polygon zkEVM Partnership?
Celer will provide support for Polygon zkEVM with cBridge bridging support via the xLiquidity model, allowing users to seamlessly bridge ETH to Polygon zkEVM from multiple blockchains including Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, Avalanche and Fantom. .
Polygon zkEVM's ZK-Rollup technology emulates the Ethereum Virtual Machine (EVM) by recreating all existing EVM transaction codes for transparent distribution of existing Ethereum smart contracts.
Polygon zkEVM can run on the Ethereum Mainnet using a ZK-Rollup, increasing Ethereum's scalability and transactions per second (TPS).
Celer's bridging technology will allow users to securely transfer assets across multiple blockchains without complex and time-consuming transactions. Users will experience high throughput, low latency, and low cost transactions with zkEVM, making it easier and more accessible to participate in the blockchain ecosystem.
The integration will also increase the security and reliability of the Polygon zkEVM ecosystem by leveraging Polygon's robust security infrastructure and Celer's robust messaging framework.
As a mainnet launch partner for Polygon zkEVM, Celer's bridge integration will provide users with fast and low-cost cross-chain ETH transfers between supported chains.
*Not investment advice.