2023-04-07
What is Polygon zkEVM?
Polygon zkEVM is a new technology that aims to scale Ethereum by using zero-knowledge proofs. Zero-knowledge proofs are a way of proving something without revealing any information about it. For example, you can prove that you know a secret password without telling anyone what it is. Polygon zkEVM uses zero-knowledge proofs to compress many transactions into one batch and send it to Ethereum for verification. This way, Polygon zkEVM can handle more transactions per second and reduce the gas fees for users.
Polygon zkEVM is also compatible with the Ethereum Virtual Machine (EVM), which is the software that runs smart contracts on Ethereum. This means that developers can use the same tools and languages that they use on Ethereum to build applications on Polygon zkEVM. Users can also access the same wallets and dApps that they use on Ethereum, but with faster and cheaper transactions. Polygon zkEVM is designed to be secure, scalable and user-friendly for both developers and users who want to enjoy the benefits of Ethereum without its limitations.
How Polygon zkEVM has the potential to
make Polygon the most valuable crypto after BNB Chain?
zkEVM is a new technology that allows smart contracts to run on Polygon with zero-knowledge proofs. Polygon zkEVM is compatible with Ethereum, so developers can easily port their existing dApps to Polygon. Polygon zkEVM is a game-changer for the crypto space and that Polygon will soon rival BNB Chain.
Polygon currently ranks number 9 the world’s most valuable cryptocurrency. It has the potential to rank number 5 only after BNB Chain. Polygon’s layer 2 rollup will no longer work only as a way to help scale Ethereum’s transactions. But with zkEVM, dApps from Ethereum can be deployed to Polygon’s rollup. As a result, the number of Polygon users will be increased.
For more information visit polygon.technology/polygon-zkevm