Ethereum launches zkEVM test network

Testnet came out several years ahead of schedule

02.03.2022 - 08:50

437

1 min

What’s new? zkSync, an Ethereum protocol, has announced the launch of a zkEVM (Zero-Knowledge Ethereum Virtual Machine) rollup. The new test network should partially solve the scaling problem. The launch of zkEVM came as a surprise, as it was planned a few years later.

zkSync’s announcement

How will the new testnet work? According to the developers, the system will enable the creation and deployment of decentralized applications in a scalable environment with low fees. The transaction fee will not exceed $1.

zkEVM is compatible with Ethereum’s native programming language, Solidity. The new network should also give a clear indication of how effective the zero-knowledge model is. The developers stated:

“The promise of a ZK Rollup capable of general computation has been predicted by many to be a key component in the endgame of blockchain scalability, but as little as one year ago, many of the top minds in the space believed we were years away.”

Author: