Ethereum
Paul O’Leary explains how Polygon’s zkEVM will improve Ethereum’s scalability
Speaking to crypto.news, Paul O’Leary, CTO of Polygon Labsexplained how Polygon’s zkEVM technology aims to improve Ethereum’s scalability by reducing transaction costs and increasing throughput.
Polygon’s zkEVM technology is expected to significantly improve Ethereum’s scalability by reducing transaction costs and increasing throughput. Launched as an open source mainnet beta in March 2023, zkEVM from Polygon aggregates off-chain transactions and publishes cryptographic proofs to the Ethereum mainnet, easing network congestion and reducing costs.
The recent transition to Mainnet Beta Stage 2 in January 2024 places emphasis on responsible dApp growth and on-chain activity. THE Elderberry Upgradeavailable since March 14, 2024, includes optimizations that reduce network errors and improve overall performance.
Paul O’Leary, CTO of Polygon Labs, shared his insights on ongoing enhancements to zkEVM’s network client architecture.
“The team is currently working on upgrading zkEVM’s network client architecture. The next step will be an implementation of the Erigon client for CDK chains. This will help improve network performance and stability and will be easier to maintain. We expect it to be operational in the coming months.
Efforts are underway to reduce verification times without compromising safety or efficiency. O’Leary mentioned, “We have something in the works on that, but we haven’t released a timeline on that yet.” »
Integration with other scaling solutions, including sharding, is planned for Polygon. O’Leary noted that as a “full rollup”, zkEVM will accommodate new Ethereum features such as sharding, ensuring continued evolution and improved scalability.
Other efforts to make zkEVM more accessible include simplifying the technology for developers. O’Leary highlighted that with zkEVM, Solidity developers can deploy their Ethereum dApps “without having to get a degree in cryptography,” making it easier to expand the zkEVM ecosystem by reducing complexity and lowering barriers to entry. entry for new developers.
Balancing zkEVM’s scalability with blockchain’s decentralization philosophy is another key goal.
O’Leary explained that “Ethereum at the settlement level provides a foundation for true decentralization. That’s the beauty of zkEVM; it solves the blockchain scalability challenge while remaining fully compatible with decentralization.
Looking ahead, O’Leary envisions significant advancements for zkEVM over the next five years, particularly as Ethereum introduces sharding and other scaling technologies. He also expects a notable drop in prices.
“It won’t be long before the fees become so insignificant that the amount users pay will be negligible – or they won’t have to pay anything at all,” he concluded.
The synergy of these developments and strong community collaboration places zkEVMs at the forefront of cultivating a scalable, secure, and decentralized Ethereum ecosystem.