zkSync Highlights Technological Progress and Roadmap for Scaling Ethereum

🔐 Scaling Verifiability

By zkSync
Apr 4, 2024, 5:40 PM
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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.​

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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.

JK | Staking.xyz ✦
JK | Staking.xyz ✦
@proofofjk

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?

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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 (∎, ∆)
ZKsync (∎, ∆)
@zksync

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

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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 (∎, ∆)
ZKsync (∎, ∆)
@zksync

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

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Read more about zkSync

ZKSync Airdrop Contract Exploit Limited to 111M Tokens, Protocol Remains Secure

A compromised admin account exploited ZKSync's airdrop distribution contracts, minting approximately 111M unclaimed ZK tokens (~0.45% of total supply) worth ~$5M. Key points: - Exploit contained to airdrop contracts only - No further token minting possible - Main protocol, ZK token contract, and governance systems unaffected - User funds were never at risk The attacker still holds majority of funds at address: [0xb1027ed67f89c9f588e097f70807163fec1005d3](https://era.zksync.network/address/0xb1027ed67f89c9f588e097f70807163fec1005d3) ZKSync team is coordinating with exchanges and @_seal_org for recovery. Attacker encouraged to contact security@zksync.io to negotiate return.

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Matter Labs Speaking at EtherArgentina

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Nana Murugesan and Jeremy Allaire Discuss ZK Proofs on The Money Movement Podcast

Nana Murugesan joins Jeremy Allaire on The Money Movement podcast to explore zero-knowledge (ZK) proofs. The discussion covers: - The necessity of ZK-proofs for Ethereum scaling - ZK-powered applications in privacy and identity - How ZK technology is facilitating institutional adoption of blockchain This episode follows a recent trend of industry leaders discussing ZK technology. Previously, Sandy from Scroll emphasized the importance of developer-friendly tooling to drive real-world adoption of ZK proofs. **Listen to the full episode:** [YouTube Link](https://www.youtube.com/watch?v=oL7NM6chBQM)

ZKSync Ecosystem Thrives Amidst Market Downturn

Despite the broader crypto market experiencing a bearish October, the ZKSync ecosystem is bucking the trend with significant developments: - Continuous shipping of new projects and updates - Strong ecosystem growth, contrasting with general market sentiment - Multiple initiatives launched, represented by letters: R Z I X Q S T C C P G This 'Octobull' for ZKSync highlights the resilience and progress of zkRollup technology on Ethereum Layer 2, even in challenging market conditions. Stay tuned for more updates on ZKSync's ecosystem expansion and its impact on Ethereum scalability.