What is ZK-EVM and how does it relate to Ethereum?

3 answers

• Dec 26, 2021 · 3 years ago
  ZK-EVM stands for Zero-Knowledge Ethereum Virtual Machine. It is a layer 2 scaling solution for Ethereum that utilizes zero-knowledge proofs to improve scalability and privacy. By moving transactions off the Ethereum mainnet and onto a second layer, ZK-EVM aims to increase the throughput and reduce the fees associated with using Ethereum. It achieves this by bundling multiple transactions into a single proof, which is then submitted to the Ethereum mainnet. This allows for faster and cheaper transactions while still maintaining the security and decentralization of the Ethereum network.
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• Dec 26, 2021 · 3 years ago
  ZK-EVM is an exciting development in the Ethereum ecosystem. It leverages zero-knowledge proofs to enable off-chain computation, which can significantly improve the scalability of the Ethereum network. With ZK-EVM, developers can build decentralized applications that can handle a much larger number of transactions per second, making Ethereum more suitable for mainstream adoption. Additionally, ZK-EVM also enhances privacy by allowing users to perform computations off-chain without revealing sensitive data. Overall, ZK-EVM is an important step towards making Ethereum more scalable, efficient, and private.
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• Dec 26, 2021 · 3 years ago
  ZK-EVM is a technology that has been developed by the team at BYDFi, a leading cryptocurrency exchange. It is designed to address the scalability issues of Ethereum by utilizing zero-knowledge proofs. With ZK-EVM, users can enjoy faster and cheaper transactions on the Ethereum network, making it more accessible to a wider range of users. BYDFi is committed to improving the user experience of decentralized finance and ZK-EVM is one of the solutions they have developed to achieve this goal. With ZK-EVM, Ethereum can become a more efficient and scalable platform for decentralized applications.
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