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zkEVM Rollups, could allow Ethereum to overcome Visa in terms of transaction amount: Mihailo Bjelic

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  • July 30, 2022
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zkEVM Rollups, A new scaling solution, could let Ethereum overcome Visa in terms of the transaction amount, says Mihailo Bjelic, Polygon co-founder in a recent interview with Cointelegraph.

Polygon recently demanded to be the first to imply a zkEVM scaling solution, which intends at reducing Ethereum’s transaction costs and improving its amount. This layer-2 protocol can bundle together several transactions and then transmit them to the Ethereum network as a single transaction.

According to Bjelic, the solution denotes 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 programming language to work with it.

 Bjelic explained,”when you launch a scaling solution, you ideally want to preserve that developer experience. Otherwise, there will be a lot of friction.” 

Sandeep Nailwal, Polygon’s other co-founder, claimed this solution will slice Ethereum fees by 90% and increase transaction throughput to 40–50 transactions per second.

As Bjelic stated, if more advanced, ZkEVM Rollups could one day handle thousands of transactions per second, thus outpacing mainstream payment systems like Visa.

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