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.
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