The EVM
Many see the EVM’s adoption and continued dominance as inevitable. Ethereum has the greatest wealth of infrastructure, tooling, and developers of any ecosystem. About 97% of all TVL in DeFi is in EVM chains, which speaks for itself. This has created a strong network effect around Ethereum, specifically on the EVM.
As a result, several ZK-Rollup projects have been working on implementing ‘zkEVMs’, e.g. an EVM-compatible ZK-Rollup. There is great excitement around this technology, with some going as far as calling it the ‘holy grail of scaling’.
While you may hear the term zkEVM to describe multiple projects, there are many different implementations of zkEVM with different trade-offs regarding performance and actual Ethereum...