What is Ethereum zkEVM? Ethereum zkEVM is a virtual machine that generates zero-knowledge proofs to verify the accuracy of programs. They are designed to execute smart contracts. In this article, you can find answers to frequently asked questions such as what is Ethereum zkEVM, what is it for, what are its features. As Kriptokoin.com, we have prepared it for you.
What is Ethereum zkEVM?
zero-knowledge Ethereum Virtual Machine (zkEVM) is a type of virtual machine that requires zero-knowledge Proof to validate a program. Zero-knowledge proof, or zero-knowledge proof, is a method by which a person can convince another party that a particular claim is true without any additional information. zkEVMs run on top of Ethereum. It processes, stacks and forwards transactions back to the Ethereum mainnet. These aggregates have a significant load from the ETH Blockchain network. Thus, they result in cheaper and faster transactions.
The Ethereum Virtual Machine (EVM) is not part of a single piece of hardware or software. That is, it consists of a combination of rules, standards and software packages. When a set of computers run similar software, this set of standards results in a network. In fact, early ZK collections consisted of simple token exchanges and payments as they were unable to execute smart contracts. ZK-aggregations have started to support Ethereum dApps thanks to innovation that in the past was considered too distant.
What does EVM compatible and EVM equivalent mean?
Being an EVM equivalent means that development experience on the Ethereum network is the same as on the system development experience. Developers have the same tools and structure as the ETH mainnet. On the other hand, EVM compatible means the experience is not the same as ETH network. It is possible that the same tools and frameworks as those in the ETH Blockchain are not available. However, programs still have the potential to run on EVM. Polygon recently released its zkEVM and claims it’s equivalent to EVM. However, users said that the experience is not the same as on the Ethereum blockchain. That’s why they complained that it shouldn’t be called the EVM equivalent.
Why is Ethereum zkEVM important?
A fully functional zkEVM has several advantages. The first is that it provides secure scalability. Ethereum is slower than most of its competitors and charges higher transaction fees. With zkEVM, this problem can be solved without compromising network security. Ethereum is currently restricted as it uses the Proof-of-Work consensus mechanism. However, these restrictions do not apply to ZK-collections. So zero-knowledge proof will lead to higher execution speed than existing mechanism. Second, zkEVMs will reduce transaction costs. The correctness of state transitions is already guaranteed with validity proofs. Therefore, ZK aggregates can send less information to Ethereum, lowering fees.
Using network effects is the main motivation for building EVM-compatible zkEVMs. As the world’s largest smart contract platform, Ethereum offers a sizable ecosystem that benefits both developers and projects. Developers have access to a large number of tools, documents and code libraries that have been rigorously tested and verified. If a new zkEVM is built that is not compatible with ETH’s infrastructure, Ethereum’s network effects will not be available to projects or development teams.
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