Polygon Co-Founder: “Ethereum Will Overtake Visa With ZkEVM Rollups”
zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to surpass Visa in terms of transaction throughput, Polygon co-founder Mihailo Bjelic said in a recent interview.
Polygon recently announced to be the first to deploy the scaling solution zkEVM, which aims to reduce Ethereum’s transaction costs and improve its throughput. This layer-2 protocol can pool several transactions together and then forward them to the Ethereum network as a single transaction.
According to Bjelic, the solution represents the Holy Grail of Web3 as it offers security, scalability, and full compatibility with Ethereum, meaning developers won’t have to learn a new programming language to work with it.
“When you launch a scaling solution, you ideally want to preserve that developer experience. Otherwise, there will be a lot of friction,” Bjelic explained.
According to Sandeep Nailwal, another co-founder of Polygon, this solution will cut Ethereum fees by 90% and increase transaction throughput to 40–50 transactions per second.
As Bjelic pointed out, if upgraded further, ZkEVM Rollups a day can process thousands of transactions per second, thus far surpassing mainstream payment systems like Visa.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
CoinCu News
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Blockchain
Polygon Co-Founder: “Ethereum Will Overtake Visa With ZkEVM Rollups”
zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to surpass Visa in terms of transaction throughput, Polygon co-founder Mihailo Bjelic said in a recent interview.
Polygon recently announced to be the first to deploy the scaling solution zkEVM, which aims to reduce Ethereum’s transaction costs and improve its throughput. This layer-2 protocol can pool several transactions together and then forward them to the Ethereum network as a single transaction.
According to Bjelic, the solution represents the Holy Grail of Web3 as it offers security, scalability, and full compatibility with Ethereum, meaning developers won’t have to learn a new programming language to work with it.
“When you launch a scaling solution, you ideally want to preserve that developer experience. Otherwise, there will be a lot of friction,” Bjelic explained.
According to Sandeep Nailwal, another co-founder of Polygon, this solution will cut Ethereum fees by 90% and increase transaction throughput to 40–50 transactions per second.
As Bjelic pointed out, if upgraded further, ZkEVM Rollups a day can process thousands of transactions per second, thus far surpassing mainstream payment systems like Visa.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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