The scalability of the Blockchain has been seriously challenged by Ethereum’s (ETH) recent explosive growth and its steadily rising user base. This has, among other things, led to almost continual network congestion and sharply rising gas prices, much to the dismay of customers. A circumstance that caused Polygon (MATIC), a platform developed to address scalability issues on Ethereum (ETH), to respond.
“A significant improvement” for Polygon
In order to address the network’s long-standing congestion issues, zkEVM is a Tier 2 scaling solution in which users would leverage ZK (zero knowledge) technology for indefinite scalability on ETH. According to Polygon, this is a significant step forward that will ensure the scaling of Ethereum has a bright future (ETH).
The ZK technology operates by grouping transactions into groups before sending the data to the Ethereum blockchain as a single transaction request. The cost of gas for a single transaction will then be split among participants, drastically lowering transaction costs.
- “You can build on Polygon zkEVM the same way you would on Ethereum. You can deploy any Ethereum smart contract. Any tool that works with Ethereum will work on Polygon zkEVM. Do everything you would on Ethereum, but for lower costs with greater speed and have it verified on the Ethereum network via ZK proof of validity. It’s Ethereum, but with ZK scalability,” Polygon explained .
In the end, a zkEVM brings Ethereum one step closer to becoming faster and more scalable.
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