Ethereum will surpass Visa with zkEVM Rollups, claims Polygon co-founder
zkEVM Rollups, a novel scaling method, might enable Ethereum to surpass Visa in terms of transaction throughput, according to Polygon co-founder Mihailo Bjelic.
In a recent interview with Cointelegraph, the co-founder of Polygon, Mihailo Bjelic, said that zkEVM Rollups, a new scaling solution for Ethereum, would enable the smart contract protocol to surpass Visa in transaction throughput.
Polygon recently said that it was the first to create a zkEVM scaling solution, which attempts to reduce Ethereum’s transaction fees and increase its throughput. This layer-2 protocol may bundle many transactions into a single transaction for transmission to the Ethereum network.
According to Bjelic, the solution symbolises the Holy Grail of Web3 since it provides security, scalability, and complete compatibility with Ethereum, which means that developers will not need to learn a new programming language to work with it.
“When launching a scaled solution, you should preferably maintain the developer experience. Otherwise, there will be much contention “elucidated Bjelic.
According to Polygon’s other co-founder, Sandeep Nailwal, this method would reduce Ethereum transaction costs by 90 percent and improve transaction throughput to 40–50 per second.
According to Bjelic, ZkEVM Rollups might one day process hundreds of transactions per second, thereby surpassing conventional payment systems such as Visa if enhanced further.
Also Read: Schwab Will Launch Its First Crypto-Related ETF On NYSE