zkSync 2.0, touted as the future of Ethereum scaling solution will be deployed on Oct, 28, leaving only 25 days for the mainnet launch as per an official announcement.
Just recently, the team tweeted that the first production zkEVM zkRollup is heading closer while mentioning several previous collaborations.
For those new, zkSync is a scaling platform that utilizes zero-knowledge rollups to batch transactions and increase throughput.
A zkRollup handles a large portion of the base chain’s transaction data by creating cryptographic proofs that allow users to demonstrate that it is in possession of a certain piece of information without disclosing the specifics of that information [hence the term “zero-knowledge”].
The zkRollup will be powered by the zkEVM engine, which, when used with the next Ethereum sharding implementation, is said to be able to process 100,000 transactions per second.
Additionally, Ramp, a solution for on-and-off scaling, will ship with zkSync 2.0. Ramp accepts payments using a number of channels, including credit and debit cards, bank transfers, and Apple Pay, in more than 150 countries.
Many industry watchers anticipate a zkSync token airdrop to occur, even though no specifics have been made public.
Ethereum’s zkSync 2.0 Architecture
In the crypto community, one is not a stranger to blockchain trilemma, and programmability adds a fourth element to the scaling equation for Ethereum.
All of the scaling methods available today fall somewhere along a continuum where some security, decentralization, and programmability are sacrificed for scalability. The design of zkSync 2.0 combines the next two technological advances to fully utilize all 4 features:
Eth2 data sharding, which would offer an exponentially higher data availability layer without sacrificing decentralization, is expected to be available by the end of 2022, according to the current consensus.
The goal is to reach 100,000+ TPS using zkSync’s zkRollup technology and Eth2 data sharding without compromising any of the 4 parameters.
According to Vitalik Buterin, co-founder of Ethereum, layer 3s will aid with the objective of delivering customized functionality, whereas layer-2 solutions focused on Eth have been designed with the goal of hyperscaling the network.
Layer-3s will offer customized functionality, according to Vitalik Buterin, co-founder of Ethereum, while layer-2 solutions focused on the Eth network have been used to hyper-scale the network.
