According to Polygon co-founder Mihailo Bjelic, a novel scaling technique called zkEVM Rollups would enable Ethereum to outperform Visa in terms of transaction throughput.
According to the co-founder of Polygon Mihailo Bjelic, zkEVM Rollups, a new scaling option for Ethereum, will enable the smart contract protocol to surpass Visa in terms of transaction throughput.
The zkEVM scaling solution, which aims to lower Ethereum’s transaction costs and increase throughput, was reportedly initially implemented by Polygon. This layer-2 protocol has the ability to combine many transactions into a single transaction before relaying it to the Ethereum network.
The solution offers security, scalability, and full compatibility with Ethereum, which means developers won’t need to learn a new programming language to work with it, according to Bjelic, who claims it symbolizes the Holy Grail of Web3.
“In an ideal world, you would like to keep that developer experience when you introduce a scaling solution. If not, there will be a lot of conflicts, “said Bjelic.
Sandeep Narwal, the second co-founder of Polygon, claims that this method will reduce Ethereum fees by 90% and boost transaction throughput to 40–50 transactions per second.
ZkEVM Rollups, as Bjelic noted, may one day process hundreds of transactions per second, exceeding popular payment systems like Visa, if they were updated further.