zkSync Highlights Technological Progress and Roadmap for Scaling Ethereum
zkSync Highlights Technological Progress and Roadmap for Scaling Ethereum
🔐 Scaling Verifiability
zkSync, an Ethereum zkRollup Layer 2 project, has shared updates on its progress in scaling Ethereum through zero-knowledge proofs. In 2023, the team focused on laying the technological foundations, including shipping the ZK Stack framework, deploying the Boojum proof system, achieving 188 TPS during an event, and undergoing a major security audit. The team emphasizes the importance of decentralization, security, and verifiability in their approach. For 2024, the priority is making zkSync the best platform for building decentralized applications by focusing on decentralization and scaling verifiability through zero-knowledge proofs. The ultimate goal is to enable unlimited throughput on Ethereum while maintaining verifiability on lightweight devices.
Huge misconception. Ethereum is the world's settlement layer not because it has the largest economic security, but because it's the LARGEST VERIFIABLE BLOCKCHAIN with smart contracts. You don't need to trust validators. You can run a full node on a laptop, the cost is very low.
By today's market prices, Ethereum has $110b staked while Solana stands at $70b staked. Solana's economic security is getting really close to that of Ethereum. Isn't economic security one of the major reasons L2s choose Ethereum as its home?
Massive amount of work went into making @zksync the most scalable, secure, reliable and affordable ZK EVM. I'm deeply grateful to many teams and individuals who contributed to this colossal effort. 2023 was the year of laying the technological fundamentals for Ethereum's
zkSync Era is a year old! In that year, we: 🛠️ Shipped the ZK Stack, a modular framework for building sovereign hyperchains 💻 Deployed the Boojum proof system to reduce hardware requirements 🏎️ Hit 188 TPS during 2023’s Inscription Event 🔒 Hosted the largest Code4rena
zkSync Era is a year old! In that year, we: 🛠️ Shipped the ZK Stack, a modular framework for building sovereign hyperchains 💻 Deployed the Boojum proof system to reduce hardware requirements 🏎️ Hit 188 TPS during 2023’s Inscription Event 🔒 Hosted the largest Code4rena
gm zkEVM! 👋🏻 zkSync Era Mainnet Alpha is now open to all users. Developers, projects, and users can now experience the power of zkEVM. Read more: blog.matter-labs.io/gm-zkevm-171b1… 1/11
🔒 Privacy Meets Impact
**LNET Global's CCO Melody Celestine** spoke at Caza ZK about **Prividiums** - a new approach to Trust-Based Finance. **Key Points:** - Prividiums help programs measure their impact while maintaining privacy - Enable organizations to secure more funding through verifiable metrics - Privacy protection builds trust in the measurement process Celestine emphasized that **privacy is essential** for organizations to feel comfortable participating in impact measurement programs. More details on the **LNET and ZKsync collaboration** are expected soon.
Institutional Privacy Solutions Launch Event Scheduled
A major announcement is coming for **institutional privacy onchain solutions**. The event is scheduled for: - **Date**: November 20th - **Time**: 9am PT This appears to be focused on advancing privacy infrastructure for institutional users in the blockchain space. The timing suggests a significant development in enterprise-grade privacy tools. Set your reminder to catch the full announcement.
Casa ZK Hosts Institutional Adoption Event During Devcon
**Casa ZK hosted its Institutional Day** during EF Devcon on November 19, focusing on onchain institutional adoption. The event featured two main sessions: - **Keynote: "Redefining Trust: Blockchain Infrastructure for Results-Based Finance"** with Mariana Kotik from L-Net Global - **Fireside Chat: "Institutions Onchain & the Rise of Incorruptible Finance"** featuring Matthew from Ethereum Foundation and Marcin from zkSync, moderated by Paula from Merge The gathering aimed to explore the **future of institutional blockchain adoption** and incorruptible finance systems. *Casa ZK positioned itself as a key venue for discussing enterprise-level crypto integration during one of the industry's premier conferences.*
Casa ZK Institutional Day Brings Banks and Governments to Buenos Aires
**Casa ZK: Institutional Day** took place in Buenos Aires during EF Devcon, bringing together key players in the financial sector. **Key participants included:** - Partners and institutions - Government representatives - Banking sector leaders - Ethereum Foundation collaborators The event was **hosted by ZKsync** in partnership with Ethereum Foundation, Crecimiento Argentina, LNet Global, Ripio, and Momentum Global. This gathering focused on **shaping the onchain future** through institutional adoption and collaboration between traditional finance and blockchain technology. The limited-capacity event highlighted growing institutional interest in zero-knowledge rollup technology and its potential for mass crypto adoption.
Atlas Enables L2-to-L1 DeFi Access in Under 5 Minutes
**Atlas introduces L1 Interop solution** that allows ZK Chain users to interact with Ethereum DeFi in just **2-5 minutes** - faster than ETH finality. Key benefits: - Enables L2s to tap into Ethereum's liquidity pool - Reduces transaction time significantly - Maintains security while improving accessibility The solution addresses a major pain point in the multi-chain ecosystem by **bridging the gap between Layer 2 efficiency and Layer 1 liquidity**. This development could accelerate DeFi adoption by making cross-layer interactions more seamless for users.