zkEVMs in focus – Facing scalability issues from Ethereum, Rollup’s solutions have experienced significant growth. Following this craze, everyone wants to enter the Rollups breach. This is notably the case of Consensys which recently unveiled its zkEVM.
Consensys opens the doors of its zkEVM
Consensys is a giant in the crypto industry, established for several years. Indeed, the company is at the origin of the best known wallet, namely MetaMask. It is also the origin of the infrastructure provider Infura and of truffle the tool dedicated to Solidity developers.
Last December, the company Consensys unveiled its zkEVM project. Then, in mid-January, Consensys has opened the doors to its zkEVM as part of a closed beta.
Developers had previously been invited to register to participate in the beta. In total, Consensys received more than 150,000 registrations, showing strong interest from developers.
According to data compiled by Block Explorer, this beta seems to be a great success. Indeed, a total of 670,000 transactions have been executed since its launch, with an average of more than 50,000 daily transactions.
Faced with this success, the Consensys teams decided to open the doors of its zkEVM a little more. So, in a blog post dated March 3, Consensys announced the opening of a public testnet of its zkEVM for March 28.
“In March 2023, we will take another important step: providing permissionless access to our zkEVM EVM-equivalent rollup. »
As a result, Consensys’ zkEVM solution will no longer only be accessible to developers, but will also open its doors to users.
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What is a zkEVM?
There are two main families of Rollups:
- THE Optimistic Rollups such as Arbitrum or Optimism;
- THE zkRollups such as the zkEVM from Consensys or Starknet.
Optimistic Rollups have the advantage of being able to easily operate an environment similar to that of Ethereum, namely the Ethereum Virtual Machine (EVM).
On the side of zkRollups it is not so simple. Thus, the latter have no choice but to developing alternatives to EVMwhich would be compatible with zero-knowledge proofs.
And it is precisely these versions of the EVM compatible with zero-knowledge proofs that are called zero-knowledge EVM or zkEVM. Note that there are a multitude of different zkEVMs, each with advantages and disadvantages.
In addition, Consensys continues to develop in other areas. So, the company recently acquired the startup Hal to provide Infura with an on-chain notification service.
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