zkSync

Ozhar interviewed representatives from Grvt and Cronos Chain about their plans to deploy ZK Stack hyperchains on zkSync, a layer 2 Ethereum scaling solution. This deployment aims to bring billions in liquidity and onboard millions of new users to cryptocurrency. The interviewees warned against dismissing or underestimating their ambitious endeavor.

zksync, an Ethereum zkRollup Layer 2 project, has announced significant progress in developing a scalable, secure, reliable, and affordable ZK EVM solution. The team expressed gratitude for the contributions of various teams and individuals in this colossal effort. While 2023 focused on laying the technological foundations, 2024 will prioritize making zksync the best platform for building impactful applications. Decentralization, resilience, and credible neutrality are key priorities, with a strong emphasis on protocol security. The team is committed to not compromising on security measures.

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.

XPLA, a Web3 gaming platform, is expanding its 'Explore and Play' approach from the Cosmos ecosystem to Ethereum through a zkSync hyperchain. The company is developing infrastructure, tooling, and games, with plans to venture into virtual reality (VR), extended reality (XR), K-Pop, animation, and webtoons. This move aims to bring Web3 gaming closer to mainstream adoption, leveraging the scalability and security of zkSync's Layer 2 solution on Ethereum.

ZKSync, an Ethereum zkRollup Layer 2 project aimed at accelerating crypto mass adoption, is hosting a meme contest with $40,000 in prizes across various categories including memes, digital art, physical art, and education. The contest deadline is rapidly approaching, with only 9 hours remaining for submissions. Participants are encouraged to submit their entries through the provided link.

ZKSync, an Ethereum Layer 2 scaling solution, has successfully implemented the Dencun upgrade, which supports EIP-4844 (proto-danksharding) and utilizes blob-carrying transactions to reduce gas fees. OpenZeppelin audited the upgrade for security. While the full impact on transaction fees across Layer 2 solutions may take time to stabilize, ZKSync is starting with one blob per batch to ensure a smooth transition. This upgrade marks a significant milestone in scaling Ethereum and bringing it closer to mainstream adoption, with further work ongoing on validiums, data availability layers, optimized zero-knowledge proofs, and future protocol upgrades.

The zkSync community is anticipating the effects of EIP-4844 on L2 transaction fees in the Ethereum ecosystem. They are slowly rolling out updates, starting with 1 blob per L2 batch to improve fee markets. The team has been preparing for this transition to ensure security and stability. Further advancements include validiums, DA layers, optimized ZK-proofs, and future protocol upgrades as Ethereum continues its path towards mainstream adoption.

zkSync was the first L2 to implement EIP-4844, also known as Protodanksharding, on Ethereum. This update introduces 'blobs' to reduce L2 fees, bringing cheaper transactions and advancing Ethereum's scalability. The EIP is a collaborative effort involving ETH core devs, researchers, and L2 teams to enhance Ethereum's rollup-centric roadmap.

ZK Den, an Ethereum zkRollup Layer 2 project focused on accelerating crypto adoption, is hosting a Twitter Space on Wednesday, March 13th at 14:00 UTC. The Space will feature discussions on NFTs with guests from @hue_nfts, @ageofanura, and @zkPengz. There are also rumors that @anthonykrose may join and commit to using an NFT as their profile picture.

Cronos has achieved the status of being the #1 chain in Total Value Locked (TVL) on the Cosmos network. They are now collaborating with Crypto.com to develop a Layer 2 solution based on zkSync, aiming to cater to Crypto.com's large user base of 80 million. This partnership showcases how successful projects like Cronos and zkSync are aligning to create new solutions and opportunities in the blockchain space.