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Article supply, right here.
TL;DR
Yesterday, Polygon launched its long-awaited mainnet for its new zkEVM community, which is a BIG deal for the way forward for Web3.
zkEVMs, are like .zip recordsdata, however for Ethereum transactions – it compresses a whole bunch into one single transaction.
Which implies Quick n’ low cost transactions, that do not require the tip consumer to have a pc science diploma.
Consider this transition like going from sending cash by way of financial institution switch → to sending by way of Venmo/Paypal. Method much less friction, means simpler to make use of.
And when the common individual can begin utilizing a brand new piece of expertise, with out having to first learn the directions: mass adoption turns into an actual choice.
Full Story
To paraphrase @Punk6529:
“Nobody has ever mentioned ‘it’s best to obtain Instagram, as a result of it is constructed utilizing python code.'”
Translation: nobody cares about you or your product, they care about what you and your product can do for them.
It is a mantra we nonetheless have to study in Web3, as a lot of the business tends to deal with how one thing is constructed, greater than what it might do for the tip consumer.
However that is a basic marker of early expertise – the adoption curve goes a bit of one thing like this:
Innovators (nerds) → early adopters → the plenty → the laggards…
Nerds and early adopters love to speak capabilities n’ options, whereas ‘the plenty’ are inclined to deal with advantages of any new expertise.
They do not care the way it works, they care about what it might do.
Which brings us to as we speak’s information…
Yesterday, Polygon launched its long-awaited mainnet for its new zkEVM community, which is:
A needlessly advanced headline.
A BIG deal for the way forward for Web3.
…okay, why the large deal?
Let’s cowl all bases and go over the capabilities of zkEVM on Polygon, and the advantages it provides.
Perform
If we need to ship our buddies a couple of hundred pictures from our weekend away, by way of textual content message, we’re not sending them one-by-one.
Hell no!
We’re compressing them right into a single .zip file and texting them a obtain hyperlink by way of Dropbox.
It is nonetheless despatched by way of SMS, the distinction is: it is a single message, as an alternative of a whole bunch.
That is what Polygon’s zkEVM community does for Ethereum.
It takes a bunch of Ethereum transactions, compresses them into one single transaction, then sends it over the Ethereum blockchain.
(Want a visible reference? See .gif ☝️)
Advantages
This one is simple!
Quick n’ low cost transactions, that do not require the tip consumer to have a pc science diploma.
Consider this transition like going from sending cash by way of financial institution switch → to sending by way of Venmo/Paypal. Method much less friction, means simpler to make use of.
So, okay…sooner/simpler/cheaper transactions…
Why is that such an enormous deal?
When the common individual can begin utilizing a brand new piece of expertise, with out having to first learn the directions:
Mass adoption turns into an actual choice.
That is a type of moments for Web3!
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