Crypto community welcomes Ethereum zkSync testnet
The platform plans to scale up with a framework that allows for rapid growth without sacrificing the security and decentralization of Ethereum. zkSync, a provider of zero-knowledge blockchain solutions, has announced the successful deployment of its Rollup protocol on the Ethereum (ETH) testnet. The deployment is seen as a positive development by proponents of Ethereum, as it removes the need for human operators to validate transactions.Last year, the creators of zkSync described their vision for a permissionless, Turing-complete rollout that allows decentralized applications (DApps) to be....
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Matter Labs chief product officer Steve Newcomb emphasized to Cointelegraph that the launch of its L3 prototype will significantly improve the performance of its L2 solution. A new layer-3 (L3) prototype aimed at further solving Ethereum’s scalability issues is set to be deployed for testing as soon as Q1 2023.zkSync, a provider of zero-knowledge blockchain solutions on Oct. 10 announced it is aiming to deploy a new EVM-compatible layer-3 prototype called “Pathfinder” on testnet early next year. zkSync is a L2 Ethereum scaling protocol designed to bring down network usage costs. It....
Per an official press release from its developer Matter Labs, Ethereum’s second-layer scalability solution Zero-Knowledge (zk) Sync on its second iteration has been deployed on this network testnet. The first EVM-compatible ZK Rollup to enter this phase, zkSync 2.0 will: (…) allow developers to build and deploy decentralized applications in a low-fee, highly scalable layer-2 […]
The funding will be used to further develop zkSync v2, which is currently live on testnet. Matter Labs has announced a major new funding round to further develop the second version of its Ethereum-based rollups, zkSync.On Nov. 9, Matter Labs announced it had secured $50 million in a Series B round led by Andreessen Horowitz and included participation from existing investors Placeholder and Dragonfly Capital. The new round follows Matter Labs’ $6 million Series A in February, and saw participation from many new investors including Crypto.com, ConsenSys, and OKEx.The new cash injection will....
Matter Labs, the team behind the Ethereum layer two (L2) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept called “Opportunity” in the first quarter of 2023. The team says that the prototype of L3 will be built on top of L2 and developers and Zksync users can “research and experiment with it.” Matter Labs Discusses Roadmap’s Baby Alpha Milestone and L3 Proof of Concept On Oct. 28, Shazia from the Matter Labs team announced that the Zksync developers have reached the roadmap’s Baby Alpha Milestone.....
“Merging Ropsten is a huge testing milestone towards Ethereum's mainnet merge later this year,” said Preston Van Loon, an Ethereum core developer at Prysmatic Labs. The Ethereum ecosystem is set for a “huge testing milestone” with the Ropsten testnet Merge set to be conducted on June 8. According to the Merge testnets page on Github, Ethereum DevOps engineer Parathi Jayanathi submitted a pull request for the Ropsten testnet Merge configuration code on Monday, suggesting the implementation is ready to go. Ropsten is one of several testnets created by the Ethereum Foundation in 2017 and....