zkSync Era openMainnet launches on March 24th after four years in development. It makes transactions faster and cheaper, and is the first Ethereum Virtual Machine compatible with zk-Rollup to launch on the mainnet (competitors like StarkWare use a language called Cairo), making most Ethereum DApps portable. easily with minimal changes
Currently, there are projects between 32 to 50 projects It is expected to go live on March 24th, or over the weekend, and includes Balancer, Pyth Network, Mute, Redstone, Graph and Argent Banxa, Yearn Finance, Celer, Chainlink, Aragon, Woo Network, and the upcoming Tracer DAO. Move into the network as well.
“Friday is a big day for us. It’s a full alpha release,” said Anthony Rose, head of engineering at Matter Labs, developer of zkSync.
“But the system is very complicated. And there are a million other things we want to do.”
Zk-Rollups can also enable instant withdrawals. make it more advantageous For optimistic-rollup layer 2 such as Optimism, withdrawals take one week. However, zkSync Era limits the withdrawal waiting period to 24 hours for security reasons.
zkSync also enables native account abstraction, which means every account on the network will be a “smart account” that can use two-factor authentication (2FA), social recovery , autopay transactions and more via smart contract wallet providers such as: Argent
Currently, zkSync Era is not fully decentralized at launch. So teams can quickly apply bug fixes for any security or technical issues. However, time locks will be introduced later so the Security Council and the community can sign off on the decision.
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