Once thought to be years off, a trio of projects is on the verge of launching fully EVM-compatible ZK rollups – a paradigm shift in the world of Ethereum scaling. skesslr reports.
Each team appears to be in the home stretch of launching a zkEVM , a kind of technology – once thought to be years away – that will allow users to transact on Ethereum with lower fees and shorter delays.
Those who have been reading this newsletter for a while will know that rollups are the main way that Ethereum developers are working to scale the network – meaning cheapening fees and increasing transaction speeds and throughput. Rollups typically achieve this by establishing a “layer 2” blockchain atop Ethereum’s “layer 1” mainnet.
Since rollup transactions are “settled” on Ethereum’s base layer, they have an added bonus of borrowing the layer 1 chain’s security. There are generally two ways that rollups – which borrow Ethereum’s security – are constructed: Optimistic rollups and ZK rollups. Zero knowledge or “ZK” rollups use complex mathematics and computer science – rather than a dispute period – to guarantee that transactions that get bundled up and posted to a layer 1 network are “true.” They do this by constructing so-called “zk-SNARKs” – a kind of cryptographic message that “proves” a statement is true without requiring you to walk through it yourself.
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