zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to overtake Visa in terms of transaction throughput, Polygon co-founder Mihailo Bjelic said in a recent interview with Cointelegraph.
Polygon recently claimed to be the first to implement a zkEVM scaling solution, which aims to reduce Ethereum’s transaction costs and improve its throughput. This Layer 2 protocol can bundle multiple transactions and then relay them to the Ethereum network in a single transaction.
The solution, according to Bjelic, represents the holy grail of Web3 because it offers security, scalability, and full compatibility with Ethereum, which means developers won’t have to learn a new programming language to work with.
“When you launch a scaling solution, you ideally want to preserve that developer experience. Otherwise, there will be a lot of friction,” Bjelic explained.
According Sandeep Nailwalthe other co-founder of Polygon, this solution will reduce Ethereum fees by 90% and increase transaction throughput to 40-50 transactions per second.
As Bjelic pointed out, if further upgraded, ZkEVM Rollups could one day handle thousands of transactions per second, surpassing traditional payment systems like Visa.