Why Vitalik Buterin is bullish on ZK coins

Vitalik Buterin, the co-founder of Ethereum, addressed technical challenges involving security and scalability on the altcoin’s blockchain in a recent blog post. Buterin explained how Zero Knowledge Ethereum Virtual Machine (zkEVM) protocols could help enhance Layer 1 security in the long term. 

Buterin’s comments indicate ZK projects and their native tokens could witness a boost in utility in the short-term and likely fuel a bullish sentiment among holders. 

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Vitalik Buterin sheds light on ZK rollups and their importance in Ethereum

Vitalik Buterin, the Ethereum co-founder, explained how Ethereum’s multi-client philosophy interacts with ZK EVMs. Buterin explains the technical challenges, trade-offs and potential solutions in creating a multi-client ecosystem. 

The Ethereum co-founder believes that ZK-EVMs will become an essential part of Ethereum’s Layer 1 security and verification process in the future. ZK technology allows developers to prove the authenticity of a transaction or message without revealing any additional information. Thus making ZK protocols key to Ethereum’s ecosystem. 

ZK coins narrative heats up

Leading ZK coins like Polygon (MATIC), ImmutableX (IMX), Loopring (LRC) and Zcash (ZEC) have yielded gains to holders over the past week. With the ZK coins narrative heating up, tokens of key projects in the ecosystem are rallying. 

ZK coins 

Buterin’s comments on ZK coins could fuel the narrative and likely a bullish sentiment among holders of ZK tokens like MATIC, IMX, LRC, ZEC and AZERO.