Use Cases of ZK-EVM

Ritu77

A use case of ZK-VM (Zero-Knowledge Virtual Machine) is Polygon zkEVM, akin to a "turbocharged engine" for blockchain applications, working alongside Ethereum but with greater speed and affordability. This virtual machine utilizes zero-knowledge proofs to process transactions, speeding up the process and reducing costs while maintaining the robust security of Ethereum.

Polygon zkEVM combines two technologies, SNARKs and STARKs, to efficiently and quickly process transactions. SNARKs help reduce data size, saving space and costs, while STARKs expedite the process of proving transaction validity. By running several of these proof generators simultaneously, Polygon zkEVM can handle more transactions at once, making the entire system faster and smoother.

Another example is Linea, a ZK-EVM with full EVM equivalence, compatible with most Ethereum decentralized applications. Therefore, developers can port their DApps from Ethereum to Linea without extensive modifications. This compatibility can extend to migrating code back to Ethereum or other EVM-compatible blockchains, enhancing Linea's adaptability and interoperability within the broader blockchain ecosystem.

As it is an EVM equivalent, similar to Ethereum's mainnet, it provides a platform for developers to create and use smart contracts in a familiar environment. This similarity is particularly friendly to developers accustomed to Ethereum, allowing them to leverage Linea without significant adjustments to their workflow.

Electric Capital's latest report highlights a shift occurring in the blockchain space: a large number of developers are flocking to EVM-compatible chains. The report notes that 87% of multi-chain developers are already working on at least one EVM-compatible network. This indicates a strong appeal of EVM chains to developers, who are willing to invest time and effort in them.

Developers are not only working on one chain but also spreading their ideas and code across different EVM-compatible chains. The EVM ecosystem is the most active area for developers. The appeal of EVM chains to developers is straightforward: for beginners, these EVM blockchains integrate Ethereum standards and protocols, making it easy for developers to adapt. They can utilize existing knowledge and technologies, reducing the time and effort required to get started.

Iravan774

This use case is also worth looking into.