Ethereum scaling platform zkSync is partnering with crypto infrastructure company Espresso Systems to enable private transactions on its network. The partnership will integrate a new Espresso Systems privacy technology built on top of Ethereum called Configurable Asset Privacy, or CAPE, by ZkSync. sayThat anyone using their network will be able to transact without exposing their private information on the public blockchain. This could remove barriers for institutions that do not want to disclose their balances, chain activity, and other publicly...
Curve Finance, the largest decentralized stablecoin exchange Announced to be deployed on the mainnet of zkSync, this marks the first time Curve will be deployed on a new Ethereum scaling technology called ZK-rollup. The mission continues. Each Wednesday we're highlighting a member of our fast-growing ecosystem. Today, we're announcing that @CurveFinance will soon be building trustless, low-gas, user-friendly applications on zkSync 2.0. #jointhemissionhttps://t.co/elNqpJvwKf— zkSync (@zksync) December 14, 2022 Curve has played a key role in many decentralized finance (DeFi) innovations...
ZkSync, Ethereum Scaling Protocol, Passes First Security Audit It was run by OpenZeppelin and didn't find any serious issues. It plans to expand access to users by the end of 2023. Security audits for new protocols are becoming increasingly important. After several vicious hacks, according toChainalysis The security audit adds another layer of credibility to zkSync's network security for protocol creators and users. Aave and Uniswap is committed to launching on zkSync, and this review will give the protocol and...
Matter Labs, developer of zkSync, confirmed on Nov. 16 that it has closed a $200 million Series C funding round led by Blockchain Capital and Dragonfly, with additional participation from LightSpeed Venture Partners, Variant, and Andreessen Horowitz. Samart CompanyRaised $458 million inEvery round, including $200 million from BitDAO allocated for ecosystem fundraising projects. Founded in 2018, Matter Labs is working to scale Ethereum through zero-knowledge proofs, a digital authentication process that allows for seamless data sharing between two parties. Developed...
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Matter Labs develops Ethereum scaling solutions. zkSync It said it was working on a Layer 3 chain called Opportunity. Coming ahead in Q1 2023We will continue improving developer and user experience and deliver our Layer 3 proof of concept that we call Opportunity, a HyperChain built on top of our Layer 2.(5/6)— zkSync (@zksync) October 28, 2022 Layer 3, which is still in the initial development stage. Aiming to improve the scalability of zkSync's blockchain infrastructure, Matter Labs first announced...
Matter Labs has released zkSync, its mainnet-based Ethereum scaling solution, in the so-called “baby alpha” phase, meaning that at this early stage its access will be extremely limited. With the release of zkSync 2.0, networks — in addition to the existing test networks — have achieved the ability to host smart contracts, allowing developers to deploy DeFi, NFT protocols, and other types of applications. This is the launch that many have been waiting for. Because the scaling solution uses technology....
Uniswap V3 which dominates the top volume Most Decentralized Exchange (DEX) Prepared to Deploy on zkSync 2.0 After its launch on Oct. 28 after the regulatory proposal was approved. Matter Labs, the parent company of zkSync, has made a joint offer with FranklinDAO, formerly known as the Penn Blockchain Club. Almost 100% of the majority supported this proposal. Of the approximately 41.3 million voters, only 120 objected. The goal of this deployment is to support Uniswap cross-chain to multiple blockchain...
Matter Labs, the Ethereum development company behind zkSync, will launch a public testnet for an Ethereum scalable prototype called 'Pathfinder' in Q1 2023, which could become the first Layer 3 network built on Ethereum. With 18 days to zkSync 2.0 on mainnet, we're thrilled to share another exciting milestone on the horizon: zkSync's Layer 3 Pathfinder will be released to the public testnet in Q1 2023.https://t.co/7HnibHn2dX(1/6)— zkSync (@zksync) October 10, 2022 “Pathfinder represents a special moment for Ethereum where we...
ZkSync has revealed details of what it believes will unlock “10x moments” of crypto ahead of the Layer 2 mainnet launch, highlighting the new layer 3 technology. ZkSync's head of product, Steve Wilhelm, said in an interview with The Block that there are many similarities between the early days of the Internet and what the blockchain industry is today. In 1995 the average internet speed was about 10kB and fewer than 30,000 websites, but in just 10 years those speeds...
