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
ZK Technology Essential for Enterprise Digital Economy Success
**ZK technology is becoming critical** for global enterprises entering the digital economy, providing essential privacy and connectivity features. - Enterprise adoption requires **privacy-preserving solutions** that ZK tech uniquely offers - The transition to "Incorruptible Finance" is underway according to industry experts - ZK solutions enable **compliance without compromising** user confidentiality This represents a significant shift in how enterprises approach digital finance infrastructure.
SANDchain Launches Public Testnet for Creator Economy
**SANDchain has officially launched its public testnet**, marking a significant milestone for the Creator Economy platform. The blockchain project aims to build a **Creator Nation** - a sovereign, onchain economy where: - Creators can launch their own economies - Fans become active participants as citizens - Liquidity drives cultural development SANDchain builds upon **The Sandbox Game's established ecosystem** of over 8 million users, providing a strong foundation for growth. The project recently joined the **Elastic Network**, positioning itself as more than just another blockchain but as the infrastructure for creator-driven economies. This testnet launch represents a key step toward enabling creators to monetize and build sustainable economic models directly onchain.
🇦🇪 UAE Banks Launch First Dirham Stablecoin on ZKsync
**ADI Chain joins ZKsync Elastic Network** with ambitious plans to onboard 1 billion users by 2030. The project introduces the **first Dirham-backed stablecoin** developed by major UAE institutions: - First Abu Dhabi Bank - ADQ Official - IHC Official **Regulatory backing** comes from the UAE Central Bank, providing institutional credibility. **Target markets** include Middle East, Asia, and Africa - regions currently underserved by blockchain technology. The initiative aims to bridge traditional finance with decentralized systems, leveraging ZKsync's Layer 2 infrastructure for scalability.
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.