A brief analysis of the development trends of EVM blockchain

Proposal on encapsulating ZK-EVM

Recently, the founder of Ethereum Vitalik Buterin proposed to encapsulate ZK-EVM into Ethereum’s L1. The goal of the proposal is to create a system native to the Ethereum protocol that utilizes zero-knowledge proofs to verify Ethereum blocks.

The main purpose of integrating ZK-EVM into Ethereum core is to reduce the blockchain's dependence on external code libraries, thereby reducing the risks associated with these system vulnerabilities . The proposal shows that encapsulating ZK-EVM at the protocol level and making ZK-EVM a core component of Ethereum represents an enhancement to the blockchain framework structure that can improve the security, efficiency and processing speed of Ethereum network operations. .

This integration is also consistent with Ethereum’s multi-client philosophy, which supports different clients using various proof systems. Encapsulating ZK-EVM as a strategic update to Ethereum’s infrastructure aims to address scalability, privacy, and efficiency challenges to support Ethereum’s growth and adaptation to future needs.

ZK-EVM use case

ZK- One use case for a VM (ZK Virtual Machine) is the Ploygon zkEVM,similar to a "turbocharged engine" for blockchain applications, working alongside Ethereum, but faster and cheaper. This virtual machine uses zero-knowledge proofs to process transactions, speeding up and cutting costs while building on the strong security of Ethereum.

Polygon zkEVM combines two technologies, SNARKs and STARKs, to make processing transactions efficient and fast. SNARKs help make data smaller, saving space and cost, while STARKs speed up the process of proving that transactions are legitimate. By running several of these proof generators simultaneously, Polygon zkEVM can process more transactions at once, making the entire system faster and smoother.

Another example is Linea, a ZK-EVM with full EVM equivalency that works with most of Ethereum’s decentralized compatible applications. Thus, developers can port their DApps from Ethereum to Linea without extensive modifications. This compatibility can be extended to migrating code back to Ethereum or other EVM-compatible blockchains, enhancing Linea’s adaptability and interoperability within the broader blockchain ecosystem.

Since it is the equivalent EVM, it is similar to Ethereum’s mainnet, providing developers with a platform that allows them to create in a familiar environment and using smart contracts. This similarity is very friendly to developers accustomed to Ethereum, who are able to take advantage of Linea without having to make extensive adjustments to their workflows.

Developers migrate to EVM chain

A new report from Electric Capital sheds light on the shift taking place in the blockchain space: a large number of developers are flocking to EVM-compatible chains. The report states that 87% of multi-chain developers are already working on at least one EVM-compliant network. This shows that the EVM chain has strong appeal to developers, and developers are willing to spend time and energy on it.

Developers not only work on one chain, but also spread their ideas and code across different EVM-compatible chains. The EVM ecosystem is where developers are most active. The reason EVM chains appeal to developers is simple: For starters, these EVM blockchains incorporate Ethereum standards and protocols, making it easy for developers to adapt. They can use their existing knowledge and skills to reduce the time and effort required to enter the industry.

For example, the EOS EVM serves as a bridge between the EOS and Ethereum ecosystems, allowing developers to bring Solidity-based projects, digital assets, and DApps are integrated into the EOS ecosystem. This approach leverages Ethereum’s rich ecosystem and mature tools and combines them with the feature-rich EOS.

EVM also supports Websockets, a tool for developing applications that need to talk back and forth to the server in real time (with regular HTTP requests there is usually a delay) . This means developers can build more responsive and interactive applications directly on the EOS EVM, such as chat applications, real-time trading platforms, DeFi notifications and NFT minting tracking, etc.

Ethereum, with its toolbox and community support, gives developers access to documentation, ready-made smart contract templates, and forums for coding enthusiasts. These rich resources make it easier to build, experiment, and innovate. In addition to ease of use, cost and scalability are also important. With Ethereum’s gas fees soaring at times, developers are looking for places to build programs while avoiding high costs.

EVM-compatible blockchains can often offer lower costs and higher performance, making them attractive for participants who want to deploy DApps or smart contracts has a strong appeal. Also, the rise of L2 solutions and sidechains means greater scalability and lower costs, while remaining friendly to the Ethereum ecosystem.

There are many projects that have migrated to the EVM chain, such as Polylgon and Binance Smart Chain, both of which are active venues for DeFi projects and NFT markets. , while also helping developers build, save costs and attract a larger audience. In fact, developers themselves are thinking strategically, looking for platforms that best combine technical acumen, economic sense, and audience reach. The move to EVM-compatible blockchains is not only a trend, but also a move by developers aiming to maximize the potential of blockchains, focusing on efficiency, scalability, and the opportunity to connect with more users.

EVM as a cost-effective alternative

Blockchain data research platform Flipside believes that EVM has become a wallet-friendly choice in the blockchain field. It points out a general trend: given Ethereum’s high gas fees and network congestion and other obstacles, the market is looking for a smoother alternatives.

Users and developers are more inclined to choose EVM-compatible L2 networks. It can be said that the demand for lower transaction costs and faster processing times drives this choice. Flipside believes this is more than a passing trend. The market is going through a shift, and the push for EVM-compatible Ethereum alternatives is a significant trend in the industry, as keeping costs down and increasing efficiency is key for the blockchain industry.

 New players and ecosystems may emerge in the process as developers and users flock to strike the right balance between cost efficiency and performance platform. This may lead to a more diverse blockchain ecosystem, where various blockchain and L2 solutions develop together, providing more choices for developers and users.

The EVM chain and the landscape of Ethereum will continue to evolve with upgrades designed to address scalability and cost reduction. The EVM chain will continue to adapt to the development of Ethereum as improvements are introduced. As the Ethereum ecosystem grows, aspects such as environmental impact, governance, and how different systems work together will play a more important role. Additionally, Ethereum and the ability to work seamlessly with EVM-compatible chains is critical to a blockchain ecosystem that achieves efficiency and user experience without sacrificing security or decentralization.

Flipside believes that the rise of EVM is a budget-friendly alternative. This trend is invigorating the competitive environment and accelerating innovation, which may lead to new platforms and ecosystems. The birth of the system. As the blockchain space continues to evolve, sustainability, governance, and interoperability will become increasingly important in shaping the future success of the EVM chain and Ethereum. In this trend, adaptability, efficiency and inclusiveness will be the most critical aspects.

Summary

Ethereum and its underlying technology EVM are undergoing Going through some big changes. This is a stage full of opportunities for developers, investors, and blockchain enthusiasts. As more blockchains become EVM-compatible and innovations continue to emerge on Ethereum, the expanding EVM ecosystem is opening new doors for exploration, development, and investment.

Innovations like ZK-EVM make Ethereum more scalable and private, making it a better place to develop decentralized applications. Whether you want to create a DeFi platform, create a unique NFT experience, or use a new blockchain application, EVM tools can provide endless possibilities.