zkEVM Rollups, a new scaling solution for Ethereum, will enable the smart contract protocol to surpass Visa in terms of transaction performance, Polygon co-founder Mihailo Bjelic said in a recent interview with Cointelegraph.
Polygon recently claimed to be the first to implement a zkEVM scaling solution, which aims to reduce Ethereum’s transaction costs and improve its performance. This layer 2 protocol can bundle multiple transactions together and then broadcast them to the Ethereum network as a single transaction.
The solution, according to Bjelic, 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 release a scaling solution, ideally you want to preserve that developer experience. Otherwise there’s going to be a lot of friction,” Bjelic explained.
According to Sandeep Nailwal, the other co-founder of Polygon, this solution will reduce Ethereum fees by 90% and increase transaction throughput to 40-50 transactions per second.
As Bjelic pointed out, if further improved, ZkEVM Rollups could one day handle thousands of transactions per second, thus outperforming conventional payment systems like Visa.
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