Vitalik Buterin: Ethereum Classic Will Definitely Welcome PoW Fans, it is a Totally Fine Chain

Vitalik Buterin: Ethereum Classic Will Definitely Welcome PoW Fans, it is a Totally Fine Chain

Summary: Ethereum’s Vitalik Buterin has suggested that the Ethereum Classic community will definitely welcome proof-of-work fans after the Merge. He points out that Ethereum Classic is ‘totally fine chain.’ ETC’s price has benefited from the speculation that the Ethereum Classic network will absorb some of Ethereum’s ecosystem in terms of miners and dapps post-Merge. Ethereum’s co-founder, Vitalik Buterin, has pointed out that anyone wishing to continue operating on a proof-of-work network after the Merge has the option of using Ethereum Classic (ETC). Mr. Buterin made the comments in a July…

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Polygon Introduces zkEVM, an L2 Scaling Solution That Could Reduce Ethereum Gas Fees by 90%

Polygon Introduces zkEVM, an L2 Scaling Solution That Could Reduce Ethereum Gas Fees by 90%

Summary: Polygon has unveiled zkEVM, a layer 2 scaling solution that users zero-knowledge proofs to scale and reduce transaction costs on Ethereum. Polygon’s co-founder, Mihailo Bjelic, has described zkEVM as the ‘holy grail of Web3 infrastructure.’ Polygon zkEVM is estimated to reduce Ethereum fees by 90% compared to current costs on Ethereum’s layer 1. The Polygon (MATIC) team has unveiled a revolutionary way of scaling Ethereum using zero-knowledge proofs. We are proud to announce a giant leap forward for Ethereum scaling and ZK innovation. Introducing Polygon #zkEVM, the first EVM-equivalent…

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