In a recent interview with Cointelegraph, Mihailo Bjelic, Polygon cofounder, stated that zkEVM Rollups will enable the smart contract protocol outpace Visa in terms transaction throughput.
Polygon claimed that it was the first to implement zkEVM scaling solutions. This solution aims to reduce Ethereum’s transaction costs while increasing its throughput. This layer-2 protocol allows you to bundle multiple transactions together and relay them to the Ethereum network in one transaction.
According to Bjelic the solution is the Holy Grail for Web3, as it offers security and scalability, along with full compatibility with Ethereum. This means that developers don’t need to learn a new programming language in order to use it.
“Ideally, you want to keep the developer experience intact when you launch scaling solutions. Bjelic explained that there will be friction if this happens.
This solution, according to Sandeep Nailwal (Polygon’s co-founder), will reduce Ethereum fees by 90% and increase transaction throughput up to 40-50 transactions per seconds, according to Sandeep Nailwal.
Bjelic noted that ZkEVM Rollups could handle thousands of transactions per seconds if they are further upgraded. This would surpass mainstream payment systems such as Visa.
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