In the world of blockchain, Ethereum has established itself as a leader in the decentralized application (DApp) development. With the introduction of zkEVM, Ethereum DApp development is about to reach new heights. “Zero-knowledge Ethereum Virtual Machine” is a technology that leverages zero-knowledge proofs, allowing developers to build highly scalable and efficient DApps that can handle millions of transactions per second. This technology is a game-changer that will revolutionize the way developers build and deploy smart contracts on the Ethereum network.
What is zkEVM (Zero-knowledge Ethereum Virtual Machine)?
Zero-knowledge Ethereum Virtual Machine is a layer-2 scaling solution that aims to enhance the scalability and privacy of Ethereum blockchain applications. It achieves this by enabling private transactions through the use of zero-knowledge proofs, while also reducing the cost of computation by moving much of it off the Ethereum main chain.
The zkEVM architecture is built on top of the Optimistic Rollup technology, which is a type of layer-2 scaling solution that aggregates multiple transactions into a single batch and validates them off-chain. The validation is done through a smart contract running on the Ethereum main chain, which ensures the integrity and correctness of the transactions.
With Zero-knowledge Ethereum Virtual Machine, the transactions are first processed off-chain in a secure environment using zero-knowledge proofs, which allows for the privacy of the transactions to be maintained. Once validated, the results of these transactions are then posted to the Ethereum main chain, reducing the computational load on the main chain and lowering transaction fees.
It aims to provide a more scalable and private solution for decentralized applications built on the Ethereum blockchain.
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Conventional video games are being noncontinuous through games on the blockchain.
The ERC721 protocol for the Ethereum primarily based game development is turning into a trend, since the last quarter of 2017.
However, it's major drawbacks, like raised Ethereum gas costs.
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