Healthy competition welcome – Polygon zkEVM lead
An environment of healthy competition is being promoted between the Ethereum (ETH) environments leading advancement firms developing zkEVMs to scale the network, according to one of Polygons co-founders. Polygon zkEVM (Ethereum Virtual Machine) uses ZK-proofs to decrease transaction costs and increase throughput of the Ethereum network, while taking benefit of the security and finality of the layer-1 blockchain.ZK-proofs have proved to be a crucial scaling tool for the Ethereum ecosystem in specific. The technology allows procedures like Polygons zkEVM to manage transaction computations off-chain, prior to providing a resource-lite proof to the Ethereum mainnet without revealing any of the information associated.Related: Ethereum scaling protocols drive zero-knowledge proof usage in 2023Baylina, who is at the helm of Polygons zkEVM, states the breadth of advancement being done with ZK technology has been hugely beneficial to the wider Ethereum community:” Having various tasks adds a lot of experience and its likewise a method to evaluate different techniques, methods of dealing with things or fixing things.
An environment of healthy competition is being fostered in between the Ethereum (ETH) environments top development companies developing zkEVMs to scale the network, according to among Polygons co-founders. Jordi Baylina, technical lead of Polygon Hermez zkEVM, spoke to Cointelegraph ahead of the start of EthCC in France. With home builders from throughout the Ethereum ecosystem assembling on Paris, zero-knowledge proof (ZK-proofs) scaling tools are set to be a significant centerpiece. Polygon zkEVM (Ethereum Virtual Machine) utilizes ZK-proofs to minimize deal costs and increase throughput of the Ethereum network, while making the most of the security and finality of the layer-1 blockchain.ZK-proofs have actually proved to be a crucial scaling tool for the Ethereum ecosystem in particular. The technology permits protocols like Polygons zkEVM to manage transaction computations off-chain, prior to offering a resource-lite proof to the Ethereum mainnet without exposing any of the data associated.Related: Ethereum scaling protocols drive zero-knowledge proof use in 2023Baylina, who is at the helm of Polygons zkEVM, says the breadth of advancement being done with ZK technology has been hugely beneficial to the larger Ethereum ecosystem:” Having various tasks adds a lot of experience and its likewise a way to check various approaches, ways of handling things or fixing things.” Baylina included that various jobs imitate great advances and attempt to make them better while failings act as a knowing for all ZK-based projects in the space. Polygon zkEVM special addresses. Source: Polygon zkEVMPolygon zkEVM is live on mainnet and the network is surrounding 250,000 special active addresses. Its day-to-day active Polygon zkEVM addresses is likewise trending upwards, with both metrics suggesting that user adoption is growing.Related: ConsenSys launches Linea zkEVM to further scale EthereumMeanwhile Baylina highlighted the variety of applications that are constructing on Polygon zkEVM as the most essential metric for his team. This in turn leads to a wealth of information and feedback from developers which is shaping changes to the protocol:” Hearing from designers the issues that they have, if they see something that can be enhanced, or the quality of the tooling that they have on top of that for me, these are the real metrics we are striving on.” Baylina offered a working example where designers had actually determined problems with timestamps that were critical for the operation of Decentralized Finance (DeFi) oracles. Bayinas team discovered a workaround solution, while a long term repair is being developed. The input from contractors is helping enhance the protocol as more join the community.” Important tasks are coming to the network and we are getting a lot of experience and knowledge on the requirements of various applications.” Polygon co-founder Sandeep Nailwal previously informed Cointelegraph that the Polygons zkEVM is the “holy grail of Ethereum scaling,” allowing the protocol to submit proofs to the Ethereum mainnet without the layer 1 blockchain needing to rerun calculations. The technology is visualized to dramatically scale Ethereum, permitting designers to construct DApps while being unencumbered by the base blockchains network performance. Publication: Heres how Ethereums ZK-rollups can end up being interoperable