Ethereum scaling solution zkSync has started a new phase of development, known as “fair onboarding alpha,” enabling some registered projects to deploy on the mainnet. To mark the occasion, the network has also rebranded its previous network, zkSync 2.0, to zkSync Era.
zkSync is releasing its version of zkEVM, a ZK-Rollup Layer 2 scaling solution compatible with the Ethereum Virtual Machine (EVM). The project was exclusively introduced in its “baby alpha” phase for internal usage in October. After this phase, the network was reborn in an event known as regenesis. This takes into consideration modifications to the code as a consequence of audits. Now, the project is in its second phase, the fair onboarding alpha.
During this alpha phase of onboarding, registered projects can deploy and test their apps on zkSync Era, with token bridging enabled for testing and deployment purposes. However, the mainnet will remain inaccessible to end users. The team noted that ongoing investments in audits and bug bounty programs will continue to ensure the platform’s security. The network will be available to all projects and users when this phase ends.
This comes after zkSync rival Polygon recently announced plans to release its zkEVM network in March. Layer 2 projects such as Polygon, Starknet, zkSync, and Scroll have been fighting intensely over the last year to build a ZK-based Layer 2 that can natively serve Ethereum applications. Although these projects have yet to launch a product for public consumption, that might change in the coming months, with zkEVMs from Polygon and others like zkSync poised to go online. Also, Matter Labs is anticipated to unveil a new road map shortly.
The zkEVM network is a Layer 2 scaling solution that allows Ethereum applications to scale without sacrificing the security of the main Ethereum network. It is designed to provide a more secure and efficient way to process transactions on the Ethereum network. The network leverages zero-knowledge proofs to ensure that transactions are secure, while also providing scalability by processing transactions off-chain. This allows applications to scale without the need to increase the block size.
The zkEVM network is still in the early stages of development, but the potential it holds is immense. It could revolutionize the way applications are built, allowing developers to create more complex applications that are secure and scalable. The network could also help reduce the cost of running Ethereum applications, as it can process transactions at a much lower cost than the main Ethereum network.
The zkEVM network is a major step forward for Ethereum scaling solutions and could be the first of many Layer 2 solutions that will help Ethereum scale. With the zkEVM network, Ethereum developers can create more powerful applications that are secure and scalable. This could revolutionize the way applications are built on the Ethereum network and could be the key to unlocking the full potential of Ethereum.
The future of Ethereum scaling solutions is looking very bright. With the zkEVM network, developers can create more powerful applications that are secure and scalable. This could revolutionize the way applications are built on the Ethereum network and could be the key to unlocking the full potential of Ethereum. With the zkEVM network and other Layer 2 solutions, Ethereum could become the world’s most powerful decentralized platform.
