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Thursday, March 28, 2024

Matter Labs Launches zkSync Era, Ethereum’s New Scaling Solution

Matter Labs has announced the launch of the first-ever permissionless zkEVM mainnet, called zkSync Era. On Friday, the zkSync Era will move into the public alpha phase as early as 10:00 am ET.

A New Scaling Solution

The newest Ethereum scaling solution to reach the public mainnet stage, zkSync Era, will go live on Friday. zkSync Era was launched exclusively for developers just last month, with the project taking the next step and opening the platform for general users. Previously known as zkSync 2.0, Era was rebranded to zkSync Era last month as well.

The zkSync Era code is also completely open source, which the team sees as a considerable difference maker.

Zk-rollups refer to a type of blockchain scaling system that is based on zero-knowledge proofs. In the case of zkEVM, they are a special type of zk rollups that are compatible with the Ethereum Virtual Machine (EVM), making it easier for developers already familiar with the EVM ecosystem to design or reconfigure applications. While developers have been working with zk rollups for years, one has not been available for users that features EVM compatibility.

Host Of Projects Show Interest

Several notable projects are already live on zkSync Era. These include DeFi Ethereum wallet Argent, and a fractional algorithmic stablecoin, Frax, along with Pyth, an oracle network. Additionally, several Ethereum-based projects, such as 1inch, decentralized exchange Uniswap, and self-custodial wallet MetaMask, have all expressed...



source: https://cryptodaily.co.uk/2023/03/matter-labs-launches-zksync-era-ethereums-new-scaling-solution