Polygon, the scalable Ethereum layer-2 solution, has announced its intent to optimize its zkEVM (Zero-Knowledge Ethereum Virtual Machine) in the coming weeks. These enhancements are predicted to decrease transaction fees by around 20%, according to the company’s official Twitter account. Interestingly, these improvements will be achieved without the need for any data compression techniques.
Transaction fees within the Polygon zkEVM serve to cover the costs associated with data availability and posting proof to the Ethereum network. Each transaction that gets processed requires the publication of state data. Additionally, fees cover the operational costs of running the servers that generate the proofs. Currently, around 80% of a transaction fee is dedicated to data availability, a resource that is not currently being compressed.
In a roadmap soon to be released, Polygon will detail upcoming upgrades on data compression, as well as…
