Key Points:
Because security comes first, the network has completed robust testing, multiple level 1 security checks, public contests, and bug bounties. It has a system running on the test network implemented carefully and gradually over a 12-month period.
Execution latency means every block of L2 committed to L1 will have a time lock until it is executed and finalized. Initially, this delay will be 24 hours, and as the system matures, this delay will gradually decrease until it is eliminated.
Changing the latency requires multiple signatures collected from several cold wallets owned by zkSync leadership.
The execution delay ensures that there is enough time to validate transactions in a block before the block becomes final. It will be able to prevent rapid exhaustion of the protocol if critical bugs are discovered and exploited.
With the update, the zkSync team will monitor each block and can investigate any anomalies and warning signs, such as rapid outflows or substantial withdrawals.
According to the developers, the advantage of delaying execution is that it gives the network more time to detect and react to problems when the system crashes or is attacked. This also has no changes to the Era Contract, so even if the intermediate contract is breached, ZkSync will still revert to the original state. Ultimately this implementation can be easily removed later.
zkSync Era is a layer 2 protocol that scales the security and value of Ethereum through zero-knowledge cryptography. zkSync’s mission is to increase Ethereum’s throughput and fully preserve its foundational values – at scale.
zkSync belongs to ZK Rollups or Optimistics Rollups technology, and there are also some other heavyweights like StarEX or StarkNET of StarkWare (ZK Rollups) or Loopring also of ZK Rollups.
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
Foxy
Coincu News
Senator Lummis’s Federal Reserve Bitcoin Proposal urges the Fed to sell some gold reserves and…
Pennsylvania proposes a Bitcoin Reserve, aiming to hold BTC as a state reserve asset to…
Let’s dive into why Qubetics might just be the investment to settle those Avalanche regrets.
Discover how Toncoin's valuation, SUI's latest Google Cloud partnership, and BlockDAG's soaring presale frame the…
Free crypto airdrops are one of the ways to help users participate in the project…
The PancakeSwap Swap Bot supports trading on PancakeSwap’s v2, v3, and stableswap protocols on the…
This website uses cookies.