zkSync 2.0 is prepared to be launched on the Ethereum mainnet in the coming 100 days. Matter Labs, the parent company of the zero-knowledge rollup has announced on their blogging platform about the launch. Moreover, the announcement also highlighted that the launch will include a public roadmap of the process. This is going to the first ever Ethereum Virtual Machine (EVM) compatible zero knowledge rollup that is going to be launched on the second most popular blockchain in the digital ecosystem.
zkSync will solve Ethereum’s scalability concerns
Accoridng to the data provided on the official website of zkSync, it is clear that it is an EVM compatible zk-Rollup. The data also signifies that the feature will solve the scalability concerns on the Ether blockchain. However, although it is going to be significant for the network, it is taking a little time as the new update will be integrated completely in October amid the zkSync 1.0 completes one and a half year.
How will the zero-knowledge rollup help Ether?
zkSync 2.0 is going to be very significant for the Ether chain. This technology will potentially half the cost of transactions on the network. Moreover, the best part of this is that the project will inherit the full security feature of the Ethereum blockchain. It is incredible to note that Matter Labs is one of the first team that is introducing such technology in the market.
According to Alex Gluchowski, the chief executive officer of Matter Labs, highlighted that the team has been pretty quiet for the entire existence of the company and the product because they have been conducting a lot of research & development work that was truly unpredictable.
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Polygon is also ahead of the scene
Following the future of scaling the second largest cryptocurrency blockchain, Polygon announced its zkEVM. The announcement cited that contrary to the belief that it will take years to build Layer 2 scaling solutions with the consensus of zero-knowledge proofs benefits and Ethereum virtual Machine compatibility. Indeed, it would not take that much time. Furthermore, Polygon also noted that the problem with the consensus is the issue of performance and then compatibility. The Ethereum sidechain provided a solution to these with its zkEVM.
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