The Ethereum Virtual Machine is the execution environment where Ethereum transactions are executed.

Zero-knowledge virtual machines could revolutionize the portability of smart contracts by removing the last barrier to the mass adoption of cryptocurrencies.

Very few projects have come close to the level of security and decentralization of the Ethereum network. However, the inherent overhead of maintaining these two critical functions has left Ethereum saddled with low bandwidth and prohibitive costs. As a result, alternative Layer 1 (L1) blockchains have emerged that typically sacrifice security and decentralization for scale in order to reduce Ethereum’s market share.

However, with Ethereum Virtual Machine (EVM)-equivalent scaling solutions providing high throughput and low transaction fees for Ethereum itself, the question is: do we really need these alternative L1 networks? There are no more barriers to scalability, security, decentralization and developer experience with zkEVM.

The vast majority of Web3 applications are already built on Ethereum. It will be extremely difficult for all other networks to ever truly compete with this. Even with an ideal network that solves all the problems of scaling and security while remaining decentralized, any alternative L1 will still try to rip users away from an established solution that is already working.

With huge scalability, zkEVM can also be used to redefine the capabilities of Ethereum as a whole. High transaction fees have so far been prohibitively incentivizing applications that are either computationally efficient or fee insensitive, potentially leaving other innovative or important projects on the shelf due to these limitations. In addition to scaling existing use cases, zkEVM can breathe new life into these unexplored use cases, thus truly becoming the end-point of Web3 infrastructure.

The Ethereum Virtual Machine is the execution environment where Ethereum transactions are executed.

Zero-knowledge virtual machines could revolutionize the portability of smart contracts by removing the last barrier to the mass adoption of cryptocurrencies.

Very few projects have come close to the level of security and decentralization of the Ethereum network. However, the inherent overhead of maintaining these two critical functions has left Ethereum saddled with low bandwidth and prohibitive costs. As a result, alternative Layer 1 (L1) blockchains have emerged that typically sacrifice security and decentralization for scale in order to reduce Ethereum’s market share.

However, with Ethereum Virtual Machine (EVM)-equivalent scaling solutions providing high throughput and low transaction fees for Ethereum itself, the question is: do we really need these alternative L1 networks? There are no more barriers to scalability, security, decentralization and developer experience with zkEVM.

The vast majority of Web3 applications are already built on Ethereum. It will be extremely difficult for all other networks to ever truly compete with this. Even with an ideal network that solves all the problems of scaling and security while remaining decentralized, any alternative L1 will still try to rip users away from an established solution that is already working.

With huge scalability, zkEVM can also be used to redefine the capabilities of Ethereum as a whole. High transaction fees have so far been prohibitively incentivizing applications that are either computationally efficient or fee insensitive, potentially leaving other innovative or important projects on the shelf due to these limitations. In addition to scaling existing use cases, zkEVM can breathe new life into these unexplored use cases, thus truly becoming the end-point of Web3 infrastructure.