zkEVM stands for zero-knowledge Ethereum Virtual Machine. It is a type of rollup that uses zero-knowledge proofs (ZKPs) to verify the execution of Ethereum smart contracts. zkEVMs are considered to be more secure than other types of rollups, such as optimistic rollups, because they do not require any trust assumptions.
Here are some of the key benefits of zkEVMs:
- EVM equivalence: zkEVMs are fully compatible with the Ethereum Virtual Machine (EVM), which means that any smart contract that can be deployed on Ethereum can also be deployed on a zkEVM. This makes it easy for developers to port their existing applications to zkEVMs without any changes.
- Scalability: zkEVMs can process a much higher throughput of transactions than Ethereum Layer 1. This is because zkEVMs batch transactions together and verify them off-chain using ZKPs. The result is that zkEVMs can process thousands of transactions per second, while Ethereum Layer 1 can only process a few transactions per second.
- Low cost: The cost of using a zkEVM is much lower than the cost of using Ethereum Layer 1. This is because zkEVMs only need to store the ZKPs for the transactions that have been processed, rather than storing the entire state of the blockchain.
zkEVMs are still under development, but they have the potential to revolutionize the way that we interact with Ethereum. By providing a secure, scalable, and low-cost platform for running smart contracts, zkEVMs could make Ethereum more accessible to a wider range of users and applications.
Comments