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Ethereum's flexibility and versatility have made it one of the most popular blockchains for web3 developers. However, all of this popularity has led to some issues with network congestion and high gas fees. A new class of scaling solutions hopes to solve this problem by offering the perfect blend of convenience, security and scalability. Called zkEVMs, this new mechanism has the potential to make it much easier to handle a large volume of Ethereum transactions. To see how zkEVMs work, explore this helpful guide.
Key Takeaways:
zkEVM is a scaling solution that combines zero-knowledge technology with EVM compatibility.
It ensures that people experience all the functionality and convenience of running projects on the EVM (Ethereum virtual machine), while still getting the fast transactions and low data usage of a ZK-rollup.
Some of the most popular zkEVMs on the market belong to Layer 2 scaling solutions Polygon, Scroll and zkSync.
Zero-knowledge (ZK) rollups are a type of blockchain scaling solution. They use cryptographic zero-knowledge proofs to verify data, bundle together several verifications and post them on the main chain. This makes it easy to confirm transactions without having to process a lot of extra data.