ZK-EVM stands for Zero-Knowledge Ethereum Virtual Machine. It is a tool that uses zero-knowledge proof technology to enhance the privacy and security of transactions conducted through smart contracts on the Ethereum blockchain.
In traditional blockchain systems, all transactions are recorded on a public ledger and can be viewed by anyone. This transparency is one of the key benefits of blockchain technology, but it can also be a drawback when it comes to privacy.
Zero-knowledge proofs allow for transactions to be verified without revealing the specific details of the transaction. This means that parties can prove the validity of a transaction without revealing the identity of the parties involved or the amount of the transaction.
By using ZK-EVM, smart contracts on Ethereum can provide the same level of security and privacy as traditional financial institutions, while still maintaining the transparency and decentralization of the blockchain.
In addition to improving privacy, ZK-EVM can also improve the scalability of the Ethereum network. Traditional blockchain networks become slower and more expensive as they grow in size, but ZK-EVM allows for transactions to be conducted off the main chain, reducing the load on the network and enabling faster and cheaper transactions.
Overall, ZK-EVM represents a significant advancement in the capabilities of Ethereum and has the potential to revolutionize the way we use smart contracts and blockchain technology.
Source : Polygon Medium