zkEVMs could redefine what's possible on Ethereum and breathe life into new use cases on Ethereum's blockchain.
deployed on it, acting as the go-to blockchain for all Web3 developers. Essentially, the market hasn’t seen any of these competitors — often labeled “Ethereum killers” — actually “kill” Ethereum .
ZK L2s are able to process a large number of transactions, and automatically generate mathematical proof of the validity of those transactions. That proof then can be submitted to Ethereum and verified by its validators, thus effectively offering the same level of security as Ethereum. To make this advanced technology even more appealing, these proofs do not have to reveal information about the actual transactions, thus enabling privacy of transactions when required.
This is the key component that Ethereum has been missing to provide greater utility at scale. Decentralized finance services, NFT markets and Web3 gaming are now feasible for regular use and global adoption. Better yet, when the important upcoming Ethereum upgrades get implemented, zkEVMs only stand to operate even more effectively. All of this will further establish Ethereum as the blockchain of choice for all types of decentralized projects.
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