Ethereum will overtake Visa with zkEVM rollups, says Polygon co-founder

New scaling solution, zkEVM Rollups, could allow Ethereum to overtake Visa in transaction throughput, says Mihailo Bjelic, co-founder of Polygon.< /p> Cointelegraph YouTube Subscribe

zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to overtake Visa in terms of transaction throughput, Polygon co-founder Mihailo Bjelic said in a recent interview with Cointelegraph.

Polygon recently claimed to be the first to implement a zkEVM scaling solution, which aims to reduce Ethereum's transaction costs and improve its throughput. This Layer 2 protocol can bundle multiple transactions and then relay them to the Ethereum network in a single transaction.

The solution, according to Bjelic, represents the holy grail of Web3 because it offers security, scalability and full compatibility with Ethereum, which means developers won't have to learn a new programming language to work with.

"When you launch a scaling solution, you ideally want to preserve that developer experience. Otherwise, there will be a lot of friction," Bjelic explained.

According to Sandeep Nailwal, the other co-founder of Polygon, this solution will reduce Ethereum fees by 90% and increase transaction throughput to 40-50 transactions per second.

As Bjelic pointed out, if further upgraded, ZkEVM Rollups could one day handle thousands of transactions per second, surpassing traditional payment systems like Visa.

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