Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-10-04 11:10:56

zkSync 2.0 is Expected to Launch Around Oct. 28

The highly anticipated 2.0 mainnet launch by Layer-2 solutions vendor zkSync, which will speed up scaling and security for Ethereum, is approaching. Expected to go live by October 28 the zkSync 2.0 mainnet will improve scaling possibilities for tokens built on the Ethereum blockchain. zkSync 2.0 To Boost Layer-2 Ethereum Scaling Options The first production, zkEVM zkRollup, is approaching; the team tweeted on October 3 while mentioning several previous collaborations. With zero-knowledge rollups, the scaling platform zkSync can batch transactions and boost throughput. A zkRollup processes a large portion of the transaction data off the root chain by generating cryptographic proofs that allow users to demonstrate that it has a particular piece of information without disclosing the specifics of that information (thus the term “zero-knowledge”). With the launch of the 2.0 mainnet, Matter Labs, the company behind the development of zkSync, hopes to move closer to resolving the blockchain trilemma. ZkRollups are the future of Ethereum scaling. The challenge with blockchains is improving two core characteristics—security, scalability, and decentralization—without compromising the third. Ethereum lacks scalability but is currently incredibly safe and decentralized. zkRollups Eyes to Dominate Layer-2 Solutions Vitalik Buterin, a co-founder of Ethereum, has previously said that he thinks zkRollups will dominate layer-2 scaling in the f...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.