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Have you heard of Zero Knowledge technology or ZK tech? It's a cryptographic technique that allows parties to verify information without revealing any underlying data, making it an excellent solution for maintaining privacy and security on the blockchain. Applying ZK tech to Ethereum can enhance the network's scalability, security, and privacy.
The Ethereum network has been growing rapidly in recent years, with increased usage leading to congestion and higher fees. The ZK concept aims to address this issue by bundling transactions into a single batch, which can be processed simultaneously. This reduces the cost of transactions and increases the overall throughput of the network, making it more scalable.
However, integrating ZK technology into the EVM can be challenging due to compatibility issues. Existing applications built on Ethereum may not work well with ZK tech, which can cause problems like crashes or render them unusable. Ethereum co-founder Vitalik Buterin has discussed some of the trade-offs involved in this process and the need to balance the benefits of ZK tech with the costs of integration.
To address this challenge, the polygon zkEVM provides an EVM equivalent while being structurally different from Ethereum. This means that it can be compatible with Ethereum while still providing the benefits of ZK tech. The polygon zkEVM which is similar to EVM differs with its block structure and the state tree, allowing it to process transactions more efficiently while still being compatible with Ethereum.
The launch of the polygon zkEVM on mainnet beta on 27th March is an essential step towards achieving Ethereum's scalability goals. It represents a promising solution for enhancing the network's throughput, security, and privacy while minimizing the risks associated with integrating new technologies into the existing ecosystem. The Ethereum community continues to explore different solutions for scaling the network, and the polygon zkEVM is an excellent example of the power of collaboration and innovation to drive progress forward.