Ethereum will outpace Visa with zkEVM rollups, says Polygon co-founder
ZkEVM rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to outpace Visa in terms of transaction throughput, said Polygon co-founder Mihailo Bjelic in a recent interview with Cointelegraph.
Polygon recently claimed to be the first to implement a zkEVM scaling solution, which aims at reducing Ethereum’s transaction costs and improving its throughput. This layer-2 protocol can bundle together several transactions and then relay 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, which means developers won’t have to learn a new programing 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,” explained Bjelic.
According to Sandeep Nailwal, Polygon’s other co-founder, this solution will slice Ethereum fees by 90% and increase transaction throughput to 40-50 transactions per second.
As Bjelic pointed out, if further upgraded, ZkEVM rollups could one day handle thousands of transactions per second, thus outpacing mainstream payment systems like Visa.