• The launch of the ZK-EVM public testnet on March 28th is an important milestone for the development of Ethereum smart contracts.
• ZK-EVM helps to protect sensitive data and prevent it from being accessed by unauthorized parties.

Consensys, the developer of Ethereum software, has announced that its public testnet for the ZK-EVM will go live on March 28th. This marks a significant milestone for the development of Ethereum (ETH).

The ZK-EVM is a new way to run Ethereum smart contracts utilizing zero-knowledge proofs (ZKPs) to verify the validity of smart contract execution.

A Zero Knowledge proof is a method by which one party (the prover) can prove to another party (the verifier) that a statement or a transaction is true without revealing any sensitive information.

The ZK-EVM accomplishes this by allowing nodes to verify smart contract execution without having to execute the code themselves. Instead, the nodes verify the zero-knowledge proof, which is a mathematical proof that a computation was performed correctly, without revealing any of the inputs or outputs.

zkEVM Testnet Guide 🦊@ConsenSys has been whitelisting more users to its testnet.

Here's a step-by-step thread on how to bridge from Goerli to zkEVM, using Hop.

Will zkEVM have a token? 🧵👇

— olimpio (@OlimpioCrypto) March 1, 2023

Benefits of Using Zero Knowledge Techniques in the EVM

This approach has several advantages over traditional smart contract execution methods. First, it allows for greater scalability, as nodes can verify smart contract execution without having to execute the code themselves. Consequently, increasing the number of transactions per second on the Ethereum network.

Additionally, it provides greater security and privacy as the inputs and outputs of smart contract execution are not revealed to all nodes on the network. This can help to protect sensitive data and prevent it from being accessed by unauthorized parties.

While the technology promises to enhance privacy and security, there may be limitations or challenges that have not yet been discovered. Constructing the ZK-EVM requires significant computational intensive resources, which increases the burden on the network and ends up slowing down the execution of smart contracts.

In conclusion, the launch of the ZK-EVM public testnet on March 28th has the potential to be a valuable tool in the Ethereum ecosystem. The ZK-EVM promises to increase scalability and privacy on the Ethereum network, and it is likely that we will see more innovations in this area in the coming years. As the Ethereum ecosystem continues to evolve and mature, we can expect to see new and exciting use cases for this powerful technology.