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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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Home Web 3

The Ethereum Ecosystem is Going all-in on zkEVM Tech

December 18, 2023
in Web 3
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The Ethereum Ecosystem is Going all-in on zkEVM Tech
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TL;DR

  • Last week Ethereum founder, Vitalik Buterin, made an announcement that the Ethereum blockchain would be developing a zkEVM.

  • Now, the Polygon team are so ‘in’ on zkEVM technology that they just announced they’re shifting their focus (and funding) from other projects, like Polygon Edge, and putting it all into zkEVM.

  • If Ethereum can become faster/cheaper/easier to use, it will grow quicker and fend off its rivals.

Full Story

The domino effect is real…or is it the snowball effect?

Regardless, it’s happening.

Here’s the trend we’re talking about:

Last week Ethereum founder, Vitalik Buterin, made an announcement that the Ethereum blockchain would be developing a zkEVM.

It stands for: Zero Knowledge, Ethereum Virtual Machine.

Which looks like a bunch of mumbo jumbo (and it is!).

Basically, for Ethereum-based blockchains that want to securely move more data, faster and cheaper, zkEVMs can do exactly that.

Cool, so who else is doing this?

Polygon.

In fact, the Polygon team are so ‘in’ on zkEVM technology that they just announced they’re shifting their focus (and funding) from other projects, like Polygon Edge, and putting it all into zkEVM.

(Some pretty serious moves!)

And a few big-time projects have already committed to using Polygon’s zkEVM tech, including: Immutable, Astar, Canto, and Gnosis Pay.

What’s the takeaway?

If Ethereum can become faster/cheaper/easier to use, it will grow quicker and fend off its rivals.

It hasn’t been able to confidently tick all of those boxes up until this point, but the adoption of zkEVM tech could soon change that.

See also  Bybit Web3 and LightCycle Bring Robbie Williams to the Metaverse

(And the fact that Vitalik and the Polygon team are all-in on the technology, instills faith that it will!).

Tags: allinEcosystemEthereumTechzkEVM

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