Ethereum Layer 2 scaling solution zkSync announced that it will be going live on mainnet in the coming three months.
Project developer Matter Labs announced that zkSync 2.0 would be compatible with the Ethereum Virtual Machine (EVM) upon its launch.
"The project is hoping to become the first zk proof-based scaling solution for EVM smart contracts available in a live production environment upon its mainnet launch," The Block reported.
Scripting languages for EVM-based apps, Solidity and Vyper, will also be supported by zkSync.
The technology behind zkSync is based on zero-knowledge rollups, and ZKRollups is used by Layer 2 networks to allow faster and cheaper transactions than the Ethereum mainnet, The Block reported. Other solutions include optimistic rollups, sidechains, and state channels.
Backward compatibility with older versions of the solutions will also be available on zkSync 2.0, the announcement added to help project developers to upgrade to the new version.
The announcement further elaborated that there will be a three-step process for the mainnet launch. The first launch in November will happen, excluding external projects. Prior to the second launch, there will be audits and then a fair alpha launch. Ultimately, the final stage will be the full mainnet launch slated for the end of 2022.
Image source: Shutterstock
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments