The zero-knowledge Ethereum Virtual Machine (zkEVM) is a promising solution to Ethereum’s scalability issues. It’s a rollup designed to replicate the Ethereum experience on Layer-2 solutions while maintaining roll-up features. According to Ethereum founder, Vitalik Buterin, there are four types of zkEVMs, each employing different approaches to solve the same problem.
Type-1 zkEVM is fully compatible with all Ethereum-based solutions, but requires more prover time. Type-2 is equivalent to EVM, not Ethereum, and is only compatible with a few applications. Type-3 zkEVM facilitates easier development and proof generation, but may require rewriting to be compatible with some Ethereum applications. Type-4 zkEVM is relative to high computing languages alone and is selective with its compatibility.
zkEVM offers several advantages, including cheap transaction fees, swift finality, and security-enhanced scalability. It allows for swift processing of transactions without compromising network security and charges users low fees, thus ending the nightmare of network congestion and high gas fees.
Top blockchain firms like Polygon, ConsenSys, ZkSync, Scroll, and Taiko are joining the race to develop reliable zkEVMs to scale Ethereum. As the battle in the zkEVM space intensifies, the larger Ethereum community is expected to find a lasting solution to the network’s scalability issues. 🚀💻🔗🔒📈
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