Published On : 24/Apr/2023 06:43:13 AM

Aave, a DeFi lending platform, stated that its ZK-EVM launch proposal passed the temperature check vote. Aave may now run on the Ethereum Virtual Machine (EVM) compatible with zero-knowledge (ZK) technology, making it more efficient and cost-effective for customers.Aave, a prominent DeFi lending platform, revealed that its ZK-EVM launch proposal passed the temperature check vote. This allows the protocol to run on Ethereum Virtual Machine (EVM) compatible with zero-knowledge (ZK) technology, a crucial milestone. This will improve Aave's users' efficiency and cost.The ecosystem's growth depends on the migration to Layer 2 scalability, as Ethereum's gas prices still prevent DeFi adoption. Zero-knowledge proofs enable the ZK-EVM solution to boost Ethereum transaction throughput while lowering fees and ensuring security.Aave's proposal to launch on ZK-EVM, which speeds up and lowers Ethereum transactions, passed the temperature check vote. This is a crucial step towards implementing the idea, which will give Aave users a more efficient and cost-effective solution.The temperature check vote is the first of many procedures to implement the idea. If approved, the protocol will run on ZK-EVM, a more efficient and cost-effective platform option. ZK-EVM speeds Ethereum transactions and lowers petrol fees.ZK-EVM benefits Aave and its users. Transactions are faster and cheaper. ZK-EVM employs zero-knowledge proofs to verify transactions without revealing data. This minimizes network computation and speeds up transactions.ZK-EVM lowers Ethereum petrol fees. Ethereum miners charge fuel costs to process transactions. ZK-EVM minimizes gas expenses by reducing transaction gas usage. The platform and users benefit from Aave's ZK-EVM launch plan. Aave's speedier and cheaper transactions will make it more appealing to DeFi users. Aave's adoption of ZK-EVM technology may inspire other platforms to do the same as DeFi demand rises.Launching on ZK-EVM passed the temperature check vote, a crucial step towards implementation. In the DeFi area, Aave's ZK-EVM technology will allow faster and cheaper transactions for users. This could lead to other systems adopting ZK-EVM technology.

https://cryptobusinessworld.com/ArticleDetail/18844/crypto-business-world-vote-on-aaves-plan-to-launch-on-zkevm-passes-temperature-check