Blockchain

zkSync V2 Goes Live On Ethereum Mainnet

On Friday, Matter Labs unveiled the long-awaited second iteration of their Ethereum scaling technology, zkSync, after a 100-day countdown.
zkSync V2 Goes Live On Ethereum Mainnet 3

zkSync suffered a barrage of criticism in the run-up to the much-hyped Baby Alpha debut from doubters and competitors leery of its bold technological promises.

Matter Labs’ marketing, in particular, has come under fire for positioning the zkSync v2 platform as the first of its sort to launch on Ethereum’s mainnet, beating off fast-approaching competitors Polygon and Scroll.

Though the platform will be live on Ethereum’s main network, its functionalities will be severely constrained for the time being. According to Matter Labs’ official roadmap, the Baby Alpha launch will not be available to other projects but will instead be used to run zkSync’s systems through a series of real-money stress tests that will help them ensure the production system is running correctly and performing as intended.

zkSync V2 Goes Live On Ethereum Mainnet 4

According to the roadmap, a Fair Launch accessible to outside teams will take place in the next months.

zkSync’s v2 network will be severely limited for the time being, but it is the first of three anticipated zkEVM projects to launch on Ethereum’s mainnet.

All of the projects aspire to be compatible with any Ethereum smart contract and to offer significant security and efficiency gains over the network’s existing scaling methods.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

51 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.